The business community has welcomed the newly launched InvestSA One Stop Shop initiative.
Derrick Huang, managing director of international company Beyond Your Dreams (BYD) South Africa, says the concept of the one stop shop will make their lives as investors a lot easier.
This Chinese firm is primarily an IT and renewable energy company. It is listed on the Hong Kong and New York stock exchanges and has over 200 000 employees internationally.
“Invest SA is so nice. I know how difficult it is to have your visa or work permit extended in South Africa. This one stop shop will make things so much easier. China and South African relations are at an historical high. We are in the G20 and in Brics there are good things going on between the two countries.”
Huang said BYD had big plans for the South African market especially because BYD was into battery power storage, electric motor vehicles and the manufacturing of cell phones and tablets.
“We have done some business in South Africa. … We are now really making entrance in South Africa. We are very fortunate to come into the market when things are made much easier for us as investors.”
Launching InvestSA President Jacob Zuma said The One Stop Shop will provide a more coordinated, streamlined and professional service to those who wish to set up a business,” President Zuma.
Investors do not need to physically visit the dti to access the One Stop Shop. They can also find information online by visiting www.investsa.gov.za.