ETHEKWINI NEWS FLASH
 
For immediate release
 
20 July 2016
 
City Improves Ease of Doing Business
 
To reignite economic growth and improve ease of doing business in eThekwini Municipality, the City today, 20 July, launched its One Stop Shop for developers and investors.
 
Through the One Stop Shop, which is situated at Umngeni Road, the City aims to improve the regulatory framework within which it operates and the facilitation of development and investment in eThekwini.
 
During the launch, eThekwini Mayor James Nxumalo gave investors the assurance that the City is open for business.
 
Addressing captains of industry and Chief Executive Officers representing various big businesses, Nxumalo said the City is earmarked for massive growth from several catalytic projects over the next few years which will transform eThekwini’s economic landscape.
 
“These high impact projects will promote job creation and create opportunities for private sector investment while cementing Durban’s economic status globally. Catalytic projects are not only the backbone for our City’s economy, but will assist us address historical imbalances associated with separatist planning,” said Nxumalo.
 
Commending the City for its efforts to improve the ease of doing business in eThekwini for developers and investors, MEC for Economic Development, Tourism and Environmental Affairs, Sihle Zikalala said it was important to put systems in place that will centralise key catalytic projects and identify what benefits will accrue from these to local communities in terms of job creation as well as business opportunities.
 
“We believe that this One Stop Shop will do just that. One of the constant frustrations encountered by potential investors into our province is the amount of time they have to spend visiting different government departments and institutions to fulfil regulatory requirements and the need to simplify the regulatory framework,” said Zikalala.
 
City Manager Sibusiso Sithole said the One Stop Shop was in response of the challenges experienced by investors and developers who want decisions to be taken speedily to fast track development.
 
“The One Stop Shop is not just a building. It’s really the commitment to do businesses in a different way and the approach that we would like to take in order to cut the number of days it takes for businesses to receive business licences, permits for electricity or opening a business in our City,” he said.
 
Sithole said the One Stop Shop has been given more impetus since the study that was done by the World Bank on the cost of doing business in South Africa. The study compared different cities in terms of how they fared on a number of indicators when it comes to fast tracking investments.
 
“We need to streamline our processes in ways that can make it easier, faster and efficient for people to do business in our City,” Sithole added.
Moses Tembe, the KZN Growth Coalition co-chair applauded the City for the intervention adding that government and business should work together to build a prosperous City and province.
 
Ends
 
Issued by the eThekwini Municipality’s Head of Communications, Tozi Mthethwa.
 
For more information contact Gugu Mbonambi on 031 311 4855 or email: gugu.mbonambi@durban.gov.za or Princess Nkabane on 031 311 4818 or email princess.nkabane@durban.gov.za
 
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