Africa’s largest economy has reiterated its commitment to remove all bottlenecks that impede the ease of doing business.
In this regard, South Africa has introduced an e-portal platform that will enable potential investors to register their businesses without any hustle.
President Matemela Cyril Ramaphosa made these pronouncements when he opened the second South African Investment Conference in Sandton, Johannesburg.
The gathering is part of President Cyril Ramaphosa’s investment drive to raise R1.2 trillion to improve the country’s low economic growth and deal with the 29.1% unemployment rate.
This year’s South African Investment Conference which is the second after it was premiered last year, is under the theme: “Accelerating Growth by Building Partnerships”.
It is the country’s largest economic platform where investors are brought up to speed on the many investment opportunities available as well the various economic and policy interventions being undertaken by government.
President Ramaphosa indicated that apart from eliminating barriers that impede trade, his government has shifted focus from theoretical to action based initiatives.
He said work is currently ongoing to address the challenges encountered during visa acquisition to South Africa.
He said out of the more than three hundred billion rand commitments made by investors during last year’s conference, about two hundred and forty billion rand has been executed.
President Ramaphosa called on African governments to gear up and work hard in order to reap the full benefits that the African Continental Free Trade Area presents, as it comes into full force next year.
Story filed by Naa Dzagbley Ago