SA provides fertile ground for investment 01. Sep. 2018 Thursday
|
|
President Cyril Ramaphosa has assured potential investors that South Africa is working hard to provide a conducive environment for investors. “Government is working with urgency to guide the economy towards a more sustainable growth trajectory and to restore South Africa to investment grade status at all credit rating agencies,†said the President. He was speaking at a business seminar on opportunities in South Africa, on the margins of the United Nations General Assembly taking place in New York. The President also engaged in a roundtable discussion hosted by American businessman, Michael Bloomberg, on investment opportunities in South Africa. Addressing investors, the President told delegates that South Africa, in a bid to revive its economy, made new investments into the economy a central priority for government. To achieve this, President Ramaphosa outlined government’s ambitious investment drive to raise $100 billion in new investment over five years. “An important milestone in this initiative is an Investment Conference to be held in Johannesburg on 26 October. “The Investment Conference, which will involve domestic and international investors, provides a platform for would-be investors to seek out opportunities in the South African market,†said the President. Reflecting on investment relations with the United States, he highlighted that South Africa is the second largest destination of US investments in Sub-Saharan Africa after Mauritius. Total bilateral investment, comprising Foreign Direct Investment, portfolio and other investments, stood at approximately R2.2 trillion in 2016. Investments by US companies into South Africa accounted for about 22% of total inward investments from the world. There are over 800 US companies doing business in South Africa, accounting for 10% of Gross Domestic Product and employing over 220 000 people. “It is our intention, through this investment drive, to substantially expand the presence of US companies in South Africa. “Among other things, this requires that we improve the investment environment in the country and that we take decisive measures
| | to address the key structural challenges in our economy,†said President Ramaphosa. Invest SA As part of improving South Africa’s investment service to investors, the President highlighted that government established Invest SA to focus on investment promotion and facilitation. Invest SA brings together key government departments in a single location to provide specialist advisory services, fast track investment projects and reduce regulatory burdens for investors. Stimulus package President Ramaphosa also reiterated measures announced as part of government’s stimulus package to reignite the economy. These include; reprioritisation of public spending to support job creation, the establishment of an Infrastructure Fund, addressing urgent and pressing matters in education and health and investing in municipal social infrastructure improvement. Mining Charter On mining, President Ramaphosa told investors that government has finalised a new Mining Charter in consultation with the mining industry, labour, affected communities and other stakeholders. “This provides clarity on how we will balance the imperatives of growth, sustainability and transformation,†he said. Land reform Speaking on land, President Ramaphosa assured delegates that land reform will be undertaken in a manner that is consistent with the Constitution, enhances agricultural production and food security and promotes economic development. “For generations, black South Africans were denied opportunities to own assets, establish businesses, acquire skills and enter professions. “Nowhere was this more apparent than in the patterns of ownership and usage of land. The extreme concentration of ownership of land is one of the great impediments to the full realisation of our country’s potential,†said the President. The official programme for the UN General Assembly, which has seen world issues come under the spotlight, will wrap up today. �` SAnews.gov.za V.2492 |
|
More related News
|
|
| |
|
Critical Skills Visa 02. Oct. 2025 SA Migration | | More than 380k South Africans blocked from IDs lawyers challenge home affairs 26. Aug. 2025 News 24 |
One of the highlighted topics: Critical Skills Visa.
- Key Insight: Is your profession on the Critical Skills List? This visa is your fast track to working in South Afr... - This matter relates to critical skills visa and its broader implications. - Individuals are advised to seek professional guidance.
Is your profession on the Critical Skills List? This visa is your fast trac V.6139 Click here for full article | | One of the applicants, Phindile Mazibuko, became a victim of identity theft in 2012 when fraudulent transactions occurred, using her personal details.
-The Pretoria High Court found that the department of home affairs had violated constitutional rights without due process. -Only half of Lawyers for Human Rights` test group has been unblocked, while 385 000 identities remain blocked nationwide. -LHR appeals extension, urges affected people to seek help now.
Lawyers for Human Rights (LHR) are intensifying pressure on the department of home affairs over the national ID-blocking crisis, accusing the state of acting too slowly to unblock qualifying individuals despite a landmark court ruling.
In January last year, the Pretoria High Court found that the department`s practice of blocking IDs without due process was unlawful and unconstitutional. One of the applicants, Phindile Mazibuko, a Swati citizen and South African permanent resident since 1998, fell victim to identity theft in 2012 when fraudsters used her personal details.
V.6133 Click here for full article |
|
Airport Immigration Alert 25. Aug. 2025 SA Migration | | Airport Immigration Alert 25. Aug. 2025 SA Migration |
The Border Management Authority (BMA) has doubled its staff at Airports in South Africa , including immigration officers.
What does this mean for travelers? V.6128 Click here for full article | | The Border Management Authority (BMA) has doubled its staff at Airports in South Africa , including immigration officers.
What does this mean for travelers? V.6129 Click here for full article |
|
A New Zealand mother and her 6-year-old son released from US immigration custody after being detained for weeks 25. Aug. 2025 CNN | | High Court upholds corporate visa refusal: Implications for businesses 25. Aug. 2025 Biz Community |
A Washington state mother and her 6-year-old son have been released after spending more than three weeks in US immigration detention due to a brief trip to Canada and a small paperwork mistake, her attorney told CNN on Saturday.
Sarah Shaw, a New Zealand citizen who has lived legally in the US since she arrived in 2021, was detained at the Blaine, Washington, Customs and Border Protection checkpoint when returning home after dropping her two oldest children off at the Vancouver airport for a flight to visit their grandparents in New Zealand. Shaw, 33, chose the flight out of Vancouver because it was direct and she didn`t want her children to have to navigate a layover alone, her attorney Minda Thorward, told CNN.
V.6130 Click here for full article | | On 22 July 2025, the Gauteng High Court dismissed Sitrusrand Boerdery`s review of the Department of Employment and Labour`s refusal to issue a Working Conditions and Salary Benchmarking Certificate, an essential precondition for obtaining corporate visas under the Immigration Act.
Acting Judge Kekana AJ held that the Department`s decision was lawful, rational and procedurally fair. This judgment illustrates how businesses can - and must - structure their corporate visa applications to meet statutory requirements, and how legal practitioners should prepare robust review challenges when administrative authorities decline to recommend foreign-work permits.
V.6131 Click here for full article |
|
US faces 9.4bn dollars tourism loss from new 250dollars visa fee targeting African countries 25. Aug. 2025 businessinsider | | Airport Immigration Alert 21. Aug. 2025 SA Migration |
The United States could forfeit an estimated 9.4 billion dollars in visitor spending over the next three years following the introduction of a new 250 dollars `visa integrity fee,` according to industry groups, who warn the policy risks undermining tourism and costing thousands of jobs. The United Statesâ decision to introduce a 250 dollars `visa integrity fee` on international visitors has triggered sharp criticism from the global tourism industry, with officials warning that the measure could deter millions of travellers and cost the U.S. economy billions. The 250dollar `visa integrity fee,` part of the One Big Beautiful Bill Act signed on July 4, 2025, will take effect later this year. According to immigration law firm Envoy Global, it applies to all nonimmigrant visa holders which include students, tourists, temporary workers, and business visitors particularly from African countries. V.6132 Click here for full article | | The Border Management Authority (BMA) has doubled its staff at Airports in South Africa , including immigration officers.
What does this mean for travelers? V.6127 Click here for full article |
|
ARRESTED & UNDOCUMENTED: WHAT ARE YOUR OPTIONS? 20. Aug. 2025 SA Migration | | E-Hailing & Scooter Drivers in South Africa â` Why Being LEGAL is CRUCIAL! 20. Aug. 2025 SA Migration |
1. Right to Legal Representationâ¢You have the right to consult with a legal representative.â¢Contact an immigration practitioner, legal aid clinic, or attorney urgently.â¢Do not sign any documents without understanding them fully. 2. Section 34 of the Immigration Actâ¢You must be brought to court with 48 hours to confirm arrest but you can remain locked up very long as courts figure out what to do with you â¢If you`re found to be illegally in South Africa, you may be detained for up to 30 days (extendable by a magistrate) pending deportation.â¢BUT this cannot happen arbitrarily. You must be informed of your rights, and Home Affairs must follow due process.- becomes a nightmare , you could lose your job , business , place to stay V.6121 Click here for full article | | Driving for Bolt, Uber, Mr D, or Checkers Sixty60?If you`re undocumented, you`re risking more than just your income.The Risks if You`re Not Legal: - Vehicle impoundment - Heavy fines - Arrest & deportation - Permanent bans from working in SA V.6122 Click here for full article |
|