Davies meets UK in­vestors

The Star Early Edition - - NEWS -

KEY ROLE-PLAY­ERS in the UK’s Busi­ness Process Ser­vices (BPS) in­dus­try with op­er­a­tions in South Africa have agreed to work with the Depart­ment of Trade and In­dus­try to en­hance the coun­try’s value propo­si­tion, the DTI said yes­ter­day. The de­ci­sion to set up a tech­ni­cal work­ing group was taken at a meet­ing be­tween South Africa’s Min­is­ter of Trade and In­dus­try, Dr Rob Davies, and BPS in­vestors in London. Davies is on a two-day visit to the UK to en­gage the Bri­tish gov­ern­ment on the Brexit trans­ac­tion and to show­case op­por­tu­ni­ties for in­vest­ment in some of South Africa’s pri­or­ity sec­tors. Davies also met with Chatham House, the re­spected in­de­pen­dent pol­icy in­sti­tute, to dis­cuss trade and in­vest­ment pol­icy, in­clud­ing South Africa’s eco­nomic out­look. Out­lin­ing the South African gov­ern­ment’s ef­forts to en­cour­age pri­vate-sec­tor in­vest­ment with In­vestSA, a one-stop shop to boost in­vest­ment, Davies said: “The aim is to re­move ad­min­is­tra­tive bar­ri­ers, re­duce reg­u­la­tory in­ef­fi­cien­cies, im­prove turn­around times and co-or­di­nate and fast-track in­vest­ment in­quiries.” – ANA

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