Investment in S Africa spurred by expanded IMC
President Jacob Zuma has expanded the inter-Ministerial Committee (IMC) on Bilateral Investment Treaties to improve support and assistance to investors wishing to take advantage of investment opportunities in the country.
Noting that there was a need to simplify the regulatory framework, government sought to assist potential investors who criticised the time spent visiting different departments and institutions to fulfil such requirements.
Last year, Zuma announced that government, through its InvestSA approach, would, later this year launch a one-stop shop (OSS) concept to fast-track, unblock and reduce red tape in government.
However, the President felt that the OSS concept required support from all government departments and expanded the current IMC to include a focus on South Africa’s investment climate across all areas of government in a coordinated and cohesive manner.
The reconfigured IMC would be chaired by Zuma, with assistance from Trade and Industry Minister Dr Rob Davies.
Other members of the IMC were the Ministers of Agriculture, Forestry and Fisheries; Cooperative Governance and Traditional Affairs; Economic Development; Energy; Environmental Affairs; Finance; Health; Home Affairs; Labour; Mineral Resources; Public Enterprises; Rural Development and Land Reform; Science and Technology; Water and Sanitation; and Small Business Development.
The new IMC would focus on overall coordination, alignment and policy coherence on economic policy, regulatory and framework, thereby providing clarity and certainty to investment; improving the country’s investment climate and, in particular, the ease of doing business and competitiveness; and coordinating and rolling out the OSS across all levels in government, besides others.
The IMC would be open to inputs from the business community and would interface with the Presidential Coordinating Committee.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation