Eastern Cape Business 2023-24
The 2023/24 edition of Eastern Cape Business is the 16th edition of this successful publication that, since its launch in 2006, has established itself as the premier business and investment guide for the Eastern Cape. The Eastern Cape Development Corporation (ECDC) is supporting this issue of the journal, both in providing up-to-date information for editorial use and in sharing information about its activities. It will also distribute the journal through its regular channels. The Eastern Cape’s multi-faceted approach to the challenges and opportunities of sustainability are explored in a special feature. From caring for agricultural land through partnerships between farmers, wool brokers and fashion houses, to solar panels and improved lighting and water systems, companies are finding ways to incorporate sensible and profitable solutions into their business models. The Nelson Mandela Bay Development Agency celebrates a significant milestone this year, it being 20 years since it began operations.
The 2023/24 edition of Eastern Cape Business is the 16th edition of this successful publication that, since its launch in 2006, has established itself as the premier business and investment guide for the Eastern Cape. The Eastern Cape Development Corporation (ECDC) is supporting this issue
of the journal, both in providing up-to-date information for editorial use and in sharing information about its activities. It will also distribute the journal through its regular channels.
The Eastern Cape’s multi-faceted approach to the challenges and opportunities of sustainability are explored in a special feature. From caring for agricultural land through partnerships between farmers, wool brokers and fashion houses, to solar panels and improved lighting and water systems, companies are finding ways to incorporate sensible and profitable solutions into their business models. The Nelson Mandela Bay Development Agency celebrates a significant milestone this year, it being 20 years since it began operations.
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Fast-tracking projects<br />
and lowering the cost<br />
of doing business<br />
EASTERN CAPE<br />
The <strong>Eastern</strong> <strong>Cape</strong> Development Corporation<br />
(ECDC) is the host of the <strong>Eastern</strong> <strong>Cape</strong><br />
Investor One Stop Shop.<br />
The Investor One Stop Shop initiative is<br />
geared towards providing investors with services to fasttrack<br />
projects and reduce government red tape when<br />
establishing a business. It is part of the government’s<br />
drive to become investor friendly by improving the<br />
business environment by lowering the cost of doing<br />
business as well as making the process easier.<br />
One Stop Shops house government entities<br />
such as the South African Revenue Service (to help<br />
with customs and tax), Home Affairs, Environmental<br />
Affairs, Eskom and the Companies and Intellectual<br />
Properties Commission under one roof.<br />
An investor can make an appointment, meet a<br />
government representative and be guided by the<br />
representative through the process of setting up a<br />
business. The One Stop Shops simplify administrative<br />
procedures for issuing business approvals, permits and<br />
licences and thereby remove bottlenecks that investors<br />
may face in establishing and running businesses.<br />
The offering includes, but is not limited to:<br />
• Providing an accessible entry point for investors<br />
in need of regulatory compliance.<br />
• Enhancing regulatory and legal processes.<br />
• Improving approval turnaround timeframes.<br />
• Providing information on incentives (tax, land,<br />
training, free trade zones, etc).<br />
• Providing pre-approval information (market<br />
data, costs, incentives, project approval, local<br />
partners, etc).<br />
• Providing post-approval information (facilitation<br />
of permit approvals, information relating to<br />
import of equipment and raw materials, central<br />
bank profit repatriation, etc) to investors.<br />
Participating national government entities<br />
• InvestSA is a division of the South African<br />
Department of Trade, Industry and Competition<br />
(the dtic)<br />
• <strong>Business</strong> registry: Companies and Intellectual<br />
Property Commission (CIPC)<br />
• Tax authority: South African Revenue Service (SARS)<br />
• International Trade Administration Commission<br />
(ITAC)<br />
• National Regulator for Compulsory Specifications<br />
(NRCS)<br />
• Public electricity utility: Eskom<br />
• Municipal Infrastructure Support Agent (MISA)<br />
Visa facilitation<br />
Visa and permit applications can be made at Visa<br />
and Permit Facilitation Centres. Applications are<br />
then assessed by the Department of Home Affairs in<br />
Pretoria. Non-South Africans with a legal residency<br />
permit in South Africa can apply for a visa or permit<br />
at these centres.<br />
There are centres in every province. In the <strong>Eastern</strong><br />
<strong>Cape</strong> there is an office in East London. The South<br />
African government is reviewing its critical skills list as<br />
well as taking steps to make it easier for people who<br />
qualify to apply.<br />
The <strong>Eastern</strong> <strong>Cape</strong> invitation<br />
The <strong>Eastern</strong> <strong>Cape</strong> InvestSA One Stop Shop and ECDC<br />
team can advise you on investment opportunities<br />
and assist investment and trade opportunities from<br />
the same offices. The <strong>Eastern</strong> <strong>Cape</strong> team is committed<br />
and qualified to assist and guide you from concept to<br />
investment phase.<br />
During the last quarter of 2022/23, the EC OSS<br />
provided advisory and facilitation services to more than<br />
17 prospective clients. ■<br />
Contact details<br />
For investment advisory, information and facilitation services please visit the EC One Stop Shop<br />
Website: www.investeasterncape.co.za<br />
Alternatively contact us on<br />
Email: info@investeasterncape.co.za<br />
Call: +27(0) 87131 1450
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