In a joint statement, the Department of Trade and Industry (dti), Western Cape Provincial Government and the Western Cape Investment and Trade and Promotion Agency (Wesgro) said the President would launch the provincial office of Invest SA on Friday, 8 September.

The aim of the provincial Invest SA office is to provide strategic guidance, reduce regulatory inefficiencies and reduce red tape for all investors looking to invest in the Western Cape. 

The Minister of Trade and Industry, Rob Davies, said the value proposition for the provincial one-stop shop was the coordination and incorporation of the special economic zones, provincial investment agencies, local authorities and the relevant government departments involved in regulatory, registration, permits and licensing matters.

"South Africa has excellent investment opportunities in all sectors of the economy and a host of investment incentives and industrial financing interventions that are aimed at encouraging commercial activity and trade rules that favour a further expansion in South Africa's burgeoning levels of international trade," said Minister Davies.

The launch of the first of three provincial offices of Invest SA will take place at Cape Sun Hotel in Cape Town.

President Zuma launched the national Invest SA one-stop shop for investors at the premises of the dti in Tshwane in March. At the time, President Zuma announced that government would open three provincial one-stop shops later in the year. These will be known as InvestSA KZN, InvestSA Gauteng and InvestSA Western Cape. – Source: SAnews.gov.za