TIKZN Joins Forces with South African Local Government
Two leading developmental organisations in KwaZulu-Natal (KZN) are partnering to help develop the significant investment potential of municipalities around KZN in a move that could result in billions of rands of investment inflow into the province and the creation of thousands of jobs.
Trade & Investment KwaZulu-Natal (TIKZN), a provincial public entity of the Department of Economic Development, Tourism and Environmental Affairs mandated to promote the province's investment and export potential, and, the South African Local Government Associateion (SALGA) will enter into a Memorandum of Understanding (MOU) to work together in positioning the KZN's municipalities as 'preferred investment destinations'. The signing of the MOU will result in the establishment of an investment promotion and facilitation structure chaired by SALGA which will involve TIKZN providing expert investment advice and helping identify, evaluate and facilitate municipal investment opportunities to all district municipalities and other stakeholders within the structure. The forum will look at key strategic projects for investment will help unblock structural and regulatory bottlenecks and red tape through TIKZN's policy advocacy function, thus promoting KZN's municipalities as investment friendly destinations. The MOU will be signed on Friday, 26 September 2014 by Mr Zamo Gwala, the CEO of TIKZN and the CEO of SALGA, Mr Sabelo Gwala. Ahead of Friday's signing ceremony, TIKZN's CEO, Mr Zamo Gwala, described the MOU as a groundbreaking collaboration that would assemble the range of expertise and resources required to promote investment at a municipal level.
"In responding to investors' needs such as providing infrastructure, incentives, aftercare support and approval of plans. TIKZN will co-operate with municipalities with the development of municipal investment and export strategies which are aligned to the provincial investment and export promotion strategies," said Gwala. He said the MOU would provide the platform for TIKZN to provide specific municipal investment support that would include marketing, import and export promotion, the establishment of twinning relationships with foreign municipalities, the development of incentive packages, access to research and capacity building through training and access to specialised seminars. SALGA's role will include helping fast track investment planning and implementation processes, facilitating the development of investment support infrastructure; lobbying and assisting municipalities in unlocking and making available land for development; the sharing of information particularly using case studies of successful investment practices, and, supporting the creation of an investor and business friendly environment. The MOU will be signed at 11am on Friday, September 26, 2014 at SALGA's KZN Provincial Members Assembly being held at Champagne Sports Resort, in the Central Drakensberg. All media are invited. For more information contact TIKZN's Unathi Makalima on 031 368 9661 / 076 062 3774 or email@example.com.TIKZN media mentions