Zuma to meet with CEOs to discuss economic climate

President Jacob Zuma will on Tuesday host a meeting in Cape Town with the CEOs of top companies to review the recent World Economic Forum held in Davos‚ Switzerland‚ and to discuss how to promote a more conducive investor climate in South Africa‚ the Presidency says.

The President met the CEOs in Pretoria on January 15 ahead of the World Economic Forum and also met with them in Davos. It was agreed that there should be a follow up meeting in South Africa to reflect on the WEF meeting and lessons learned for the South African economy during the current negative economic climate and slow growth‚ Presidency spokesman Bongani Majola pointed out.

 “Government also wants to use the opportunity to share with business the new InvestSA One Stop Shop Approach‚ which is designed to make South Africa more investor friendly‚” he added.

 The Department of Trade and Industry is to establish One Stop Shops throughout the country to promote the ease of doing business.

President Zuma recently established an Inter-Ministerial Committee on Investment Promotion to further improve the investor climate and support.

According to Majola‚ the IMC‚ which chaired by the President‚ assisted by the Minister of Trade and Industry‚ focuses on the following tasks:

1. Overall coordination‚ alignment and policy coherence on economic policy and regulatory framework‚ thereby providing clarity and certainty to investors.

2. Improvement in South Africa’s investment climate in particular the ease of doing business and competitiveness of South Africa.

3. Coordination and roll out of the One Stop Shop Service across all levels in government. The One Stop Service will fast track‚ unblock and reduce red tape in government. All departments in the three spheres of Government need to commit to a continuous improvement and a service delivery ethos.

4. Overall coordination and alignment in terms of South Africa’s marketing‚ communication‚ and media in terms of our messaging of South Africa as an investment destination both locally and abroad.

5. Scaling up private sector investment‚ higher impact Industrial Policy Action Plan‚ support for the black industrialist programme‚ SME development and the Township Economy.

6. Identification‚ packaging and implementing investment projects in terms of the national interest and economic development.

7. Regional integration and industrialisation of the African Continent.

8. Promoting cooperation and partnerships between government and the private sector.

9. Coordinate inputs into the task teams of the Presidential Big Business Working Group and the new BBBEEE Commission.