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Department of Economic Development Print E-mail
Not only South Africa's economic hub, Joburg is also an urban forest with over 10-million trees

Overview

Presentation
Visual overview of the Department of Economic Development
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[Powerpoint, 4.2Mb]

THE City's department of economic development is the command centre for economic growth, engaging with all role players to create an enabling environment for accelerated, shared and sustainable growth. 

Vision

The department’s vision is “a city economy that plays a role as the key economic hub on the continent, and a national economic-growth leader, by ensuring sustainable shared growth that benefits all”.

Its mission, in terms of the City’s Growth and Development Strategy, is “to actively intervene in the city’s economy to shape conditions for accelerated local economic growth that is sustainable and ensures that the benefits and opportunities are equitably spread to all its citizens”.

Mission

The department’s core values are:department of economic development is the command centre for economic growth, engaging with all role-players to create an enabling environment for accelerated, shared and sustainable growth. 

Structure of the department
There are 10 units within the department:

The department is the command centre for economic growth in the City, engaging proactively with all role players to create the enabling environment for accelerated, shared and sustainable growth. It is working towards achieving a nine percent economic growth by 2014, and it is envisaged that this will enable the rest of the country’s economy to grow by at least six percent, to attain Asgi-SA’s objectives.

Value statement

The department's core values are:

  • Vigorously promoting equal access to economic opportunities
  • Participatory decision making where key decisions affecting stakeholders are largely taken by consensus
  • High level of professionalism amongst staff
  • Strict adherence to the South African government Batho Pele principles
  • Running a cohesive and efficient administration
  • Serving as a role model for other departments and stakeholders in terms of its commitment to service delivery

 

 


 

Investment Fast-tracking Committee

The Investment Fast -Tracking Committee (IFTC)’s role is to facilitate large scale investment projects in order to simplify and expedite City processes for implementation, for both foreign and domestic investment projects, through coordinated effort by relevant stakeholders. The objectives of the IFTC is to reduce turnaround times, thereby reducing the cost of business, and allow ease of doing business to enhance the investment environment in order to attract investment and create jobs.

This one stop shop, central point facility is made up of the City of Joburg departments and MOE’s chaired by the Executive Director of Economic Development Department. Relevant city departments or MOE’s pertinent to the issues raised by the investor are invited to be part of the meetings to resolve the challenges or constraints and come up with requisite interventions. Therefore the IFTC serves as a platform through which the City facilitates and fast tracks issues brought forward by investors by working together with other City departments to resolve matters pertaining to large investments in the City.

The IFTC’s multi-pronged approach is supported by the Department of Planning and Rates and Taxes (Property Unit), the Department of Environment and Infrastructure Services (EISD)’s environment directorate as well as City entities including the Joburg Property Company, Joburg Water, City Power, the Joburg Development Agency and the Joburg Road Agency. Many of these challenges are not exclusive to the City itself and require intervention from all spheres of government for example the facilitation of incentives from the Department of Trade and Industry and Home Affairs for work permits applications etc. which are also coordinated by IFTC.

The Investment Fast-Tracking Committee (IFTC) aims to facilitate large-scale investment projects and create jobs by reducing turnaround times and facilitating ease of doing business to enhance the investment environment. It works to reduce bureaucratic red tape by assessing applications for referral to relevant departments and municipal-owned entities, and co-ordinating approval processes. Investors need to fulfil certain criteria including being in compliance with by-laws, municipal policies and relevant legislation. Projects that qualify for the programme are investments of more R1 billion or which create 5,000 jobs, or industrial investments of R200-million for fixed investment or which create 1,000 direct jobs.

Preference is given to investments in priority, or economically depressed areas. For support to be continued, implementation must be at least 50% progressed within two years of fast-tracking.

The IFTC is made up of City of Johannesburg departments and municipal-owned entities. It is chaired by the Executive Director of the Economic Development Department. 


 Key Functions Of The IFTC

  • To play a strategic Investment facilitation role to assist in investment project implementation by reducing bureaucratic red tape;

  • Assess applications for investment projects for referral to relevant department or MOE for implementation;

  • Coordination of municipal approval processes to expedite implementation of approved projects and make necessary follow ups.

  • Reducing delays in the complexities in the approvals required for primary resources (land, power, water etc., multiplicity of approvals, disproportionate level of details sought with applications etc.)

  • High level monitoring of approvals within the City’s regulatory and policy framework and reducing ground level hassles.

Criteria For The Fast-Tracking Programme

  • A criteria for fast-track decision-making and processing of all large and job intensive investments into the City (not area specific) has been agreed upon and to qualify the investors will satisfy the following:
    All inward investments over R1 billion or 5,000 jobs to be created or;

  • Industrial investments of R200m for fixed investment or 1,000 direct jobs;

  • Preference to be given to investments in priority, or economically depressed areas;

  • For support to be continued, implementation process must be at least 50% progressed within two years of fast-tracking;

  • Be in compliance with by-laws, COJ policies and relevant legislation.  


Want to invest in Joburg?

Economic Development Strategy for the City of Johannesburg

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