Gauteng Business 2016 edition

PROFILE
Gauteng Investment
Centre (GIC)
The much anticipated Gauteng Investment
Centre (GIC) officially launched last year, with
a single task in mind; making Gauteng-based
business for investors easier.
The GIC was set-up to support
the Gauteng Provinces’ economic
development initiatives
as a one-stop-shop for foreign
investors and established local
businesses where essential government
information and services
can be accessed from a single
platform. The GIC is considered
the Province’s key differentiator
in offering quicker investor turnaround
times. It affords potential
investors and exporters efficient
services, which expedites investment
in the province.
Main Purpose
The aim of the GIC is to make it easier for investors
to do business in Gauteng. The Sandton-based GIC
is set to offer a central business services centre that
will offer domestic and foreign investors access to
all the services they need in a convenient location
and from all the various tiers and agencies of
government. The goal is to make Gauteng become
the preferred location for investment by exposing
potential and existing investors and entrepreneurs
to appropriate economic information, technology
for business registration and overall business support
and development services. By simplifying the
investment procedure the cost of doing business
in Gauteng will lessen and, as a result, will improve
the overall competitiveness of local industry in the
world market.
The centre would also undertake inward investment
promotion missions, which would include hosting
and coordinating inbound foreign and local business
delegations, as well as undertaking outbound
missions to promote Gauteng as a premier investment
destination. The centre, is managed by the
Gauteng Growth and Development Agency (GGDA).
Services
The GIC draws all the relevant organs of state and
state entities/agencies to a single convenient location,
from where it co-ordinates and streamlines
investment intrests to provide prompt, efficient and
transparent services to the investors and exporters
by providing the following:
GAUTENG BUSINESS 2016
66