Gauteng Business 2016 edition

PROFILE
• World-class facilities where investors can meet
and discuss investment opportunities
• Investment and trade information of Gauteng
as well as in Africa
• Project appraisal – provided through collaboration
with the Gauteng Growth and Development
Agency’s (GGDA) development finance partners
in order to assess a case for processing a project
or proposal.
• Site identification and evaluation
• Provide potential investors with sector-specific
economic data through the stipulation and dissemination
of market intelligence and would,
through collaboration with the Department of
Trade and Industry – a critical project partner –
supply business and work permits
• Co-ordinate the involvement of different entities
within government on various spheres of government
involved in the establishment of a business.
• Facilitate investor access to national and local
government incentive programmes
In summary, the GIC offers all information and research
services, complete administrative assistance
with business registration, pre-investment support
services and investment aftercare. The service delivery
outcome will ensure a simplified and shortened
administrative process, removing bottlenecks
in establishing and running businesses in Gauteng.
GIC partners
Gauteng Premier Nomvula Mokonyane reported
that the GIC will include “services such as company
registration, tax registration and investment
services and information, which would be provided
by [inhouse] representatives from the Companies
and Intellectual Property Commission, the South
African Revenue Service (Sars), State utilities,
State-owned enterprises, municipalities and the
Department of Home Affairs (DHA). The GGDA’s
CEO Siphiwe Ngwenya added to this, saying “such
partnership agreements with district and local municipalities
are particularly critical, as many lack
the skills and capacity necessary to effectively
promote and facilitate investment within their region”.
He highlighted, “Given the GGDA’s mandate
as the provincial investment promotion agency, our
agreements with local government will make for a
smoother and more uniform process of engagement
with investors”.
The companies, organisations and departments
working with the GIC are as follows:
• Brand South Africa
• Companies and Intellectual Property Commission
(CIPC)
• City of Johannesburg
• Department of Trade and Industry
• EY & Mercantile Bank
• Gauteng Funding Agency
• SARS
• Westrand District Municipality
• Ekurhuleni Metropolitan Municipality
• DHA
• City of Tshwane
• Gauteng Department of Agriculture and Rural
Development (AICEP)
• Mercantile Bank
Reasons to invest in Gauteng
There are many reasons why Gauteng has become
known as a “Gateway to Africa,” an attractive place
for investments on the continent. The province
offers:
• Access to African markets
• Functional national institutions protecting the
right of investors
67 GAUTENG BUSINESS 2016