Johannesburg, Apr 13 (PTI) South Africa President Cyril Ramaphosa's decision to overhaul the work visa system on Thursday was lauded by Indian business conglomerates here, who said the move will create more employment and foster a slew of investments in the country.

The India Business Forum, which represents around 150 Indian companies in South Africa, have long bemoaned the delays in obtaining visas.

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Over the years, the Indian missions here have also held discussions with the South African government on this festering issue.

Ramaphosa announced an overhaul of the work visa system, part of his initiative of attracting Rand 2-trillion (USD 110 billion) in new investments over the next five years.

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Addressing the fifth SA Investment Conference at the Sandton Convention Centre, Ramaphosa said the government would streamline application requirements to reduce the time frames for obtaining a work visa.

“We will introduce a Trusted Employer Scheme for qualifying companies and establish a points-based system to provide more flexible pathways for skilled applicants, in line with global best practice,” Ramaphosa said.

“We will be expanding the e-visa system to include an additional 20 countries above the 14 that are currently eligible, and will extend it to cover new visa categories such as study, business and intra-company transfer visas,” he elaborated.

South African businesses have previously complained that the visa regime was an obstacle to attracting investments, including in the tourism industry.

Ramaphosa also announced the launch of a new investment drive through which he expects to garner investments to the tune of R2 trillion over the next five years.

In 2018, Ramaphosa announced a target of raising R1.2-trillion in five years in a drive to create jobs and drive economic growth.

He said so far, the government had attracted R1.14-trillion in investment pledges.

“South Africa continues to be an attractive investment destination despite a strained domestic and global economic climate,” Ramaphosa said, adding that there were many challenges caused by “years of under-investment, mismanagement and corruption in our electricity, rail and logistics sectors.”

“These reforms will enable us to attract skills and investment and create jobs while protecting and promoting the employment of South Africans,” he added.

Praveer Tripathi, President of the India Business Forum has lauded Ramaphosa's announcements.

“This is a very welcome step, although we would have preferred a visa on arrival,” he said.

“The President's call for investors to help create jobs and promote employment for South Africans is also something that most Indian companies who have been here for some time now fully support. Easing the visa regime will help accelerate this even further,” Tripathi added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)