DTIC, IFC back phase 2 of investment plan

The department of trade, industry and competition (DTIC) and the International Finance Corporation (IFC) on Friday signed a memorandum of understanding in the phase two of the Investment Climate Reform Programme.

The second phase of the programme will address business environment competitiveness, investment attraction and promotion through the country’s investment strategy and sectoral interventions.

According to the acting deputy director-general of inward investment attraction, facilitation and aftercare at the department, Yunus Hoosen, the presidential investment target to secure over R1.2-trillion in investments has prioritised creating an enabling business environment and the removal of red tape.