Posted: May 24, 2022
The Department of Trade, Industry and Competition (the dtic) will be hosting a session in partnership with the International Finance Corporation (IFC) of the World Bank Group to mark the successful completion of phase one of the Prosperity RSA and Private Sector Competitiveness Programme. The event will be held at the Fire and Ice Menlyn Hotel in Pretoria on Thursday, 26 May 2022.
In 2017 the South African government collaborated with the IFC in this programme to enhance South Africa’s competitiveness with the aim of attracting foreign and domestic investment. This initiative was part of efforts to support the presidential investment target to secure over R1.2 trillion worth of investments over a five-year period. The programme also received support from the Prosperity Fund (United Kingdom) and Swiss State Secretariat for Economic Affairs (SECO) and it focused on business regulatory reform, competition policy and market regulation and investment policy and promotion.
An agreement signed to facilitate the programme enabled the dtic to receive advisory services in areas of investment promotion, strategy and climate reform. Invest South Africa – a branch within the dtic, spearheaded the reform initiative by establishing catalytic institutional structures such as the inter-departmental technical working groups, which culminated in tangible reforms to South Africa’s investment climate.
Overall, the programme has yielded investments and other tangible results such as the flagship development of the Bizportal and the City of Johannesburg’s online permitting system.
The event will also serve as a platform to reflect on lessons learned, and to discuss and plan for phase two.
It will be held as follows:
Date: 26 May 2022
Time: 9am – 2pm
Venue: Fire and Ice Hotely Menlyn, Pretoria
For more information contact Phumzile Kotane on 063 114 3704 or firstname.lastname@example.org
Bongani Lukhele – Director: Media Relations
Tel: (012) 394 1643
Mobile: 079 5083 457
WhatsApp: 074 2998 512
Issued by: The Department of Trade, Industry and Competition (the dtic)