On the heels of the successful sixth South African Investment Conference, the Minister of Trade, Industry and Competition, Mr Parks Tau has continued to mobilise business leaders to invest in the South African economy.
Minister Tau addressed the global think tank, The European House – Ambrosetti (TEHA) where he urged business leaders to look into South Africa for investment opportunities.
He was addressing TEHA’s CEO Community – African Chapter, at the Inanda Country Club in Sandton. The Minister stressed that the South African government has been at work to make the environment conducive to investment and managed to address key issues identified as hindrances. Among them are; four consecutive quarters of GDP growth through to early 2026, a sovereign credit rating upgrade, removal from the FATF grey list, an end to load-shedding.
“The sixth investment conference was also the platform on which we launched two instruments that directly address the frustrations investors have historically voiced. The first is the Fusion Centre, a coordinated government mechanism designed to fast-track regulatory approvals and resolve bottlenecks in real time, with defined timelines and enhanced transparency for investors. The second is the planned Omnibus Fast-tracking Act, which will streamline licensing processes, digitise permits, and enable faster visa approvals for scarce skills. Herein, we are engineering a system that works for investors,”
Tau further highlighted energy, minerals and beneficiation, automotive and new energy vehicles and green industrialisation as some of the key sectors that will drive the South African economy going forward.
The Minister impressed upon the business leaders present that South Africa’s path to prosperity is premised on partnership between government and the private sector.
Enquiries:
Ministerial Spokesperson
Kaamil Alli
Cell: 082 520 6813
E-mail: KAlli@thedtic.gov.za
Media Relations
Phumzile Kotane
Cell: 071 462 8246
E-mail: PKotane@thedtic.gov.za
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