Govt to Lure Economic Migrants
The Department of Home Affairs (DHA) plans to undertake a comprehensive review of the permit system to make it easier for foreign investors to live and work in South Africa.
DHA director-general, Mavuso Msimang, says discussions will be held with labour, business and other departments to develop a policy on economic migrants.
Msimang says that the department will look at the duration of the permits for foreign investors, who would not be interested in investing here if the period of their stay was limited, for example, to two years.
South Africa has a skills shortage, and business has called for the rules to be relaxed to attract more skilled migrants to the country.
To read the article titled, “Home affairs in move to lure skills to SA,” click here.
DHA director-general, Mavuso Msimang, says discussions will be held with labour, business and other departments to develop a policy on economic migrants.
Msimang says that the department will look at the duration of the permits for foreign investors, who would not be interested in investing here if the period of their stay was limited, for example, to two years.
South Africa has a skills shortage, and business has called for the rules to be relaxed to attract more skilled migrants to the country.
To read the article titled, “Home affairs in move to lure skills to SA,” click here.
Source:
<br /> Business Day
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That's right that Africa
By Marieta
That's right that Africa would engage to foreign investment because it will facilitate for the progress of their country. Local and foreign investments will be a major source of revenue which could be use to finance government project. Aside from that it will boost for employment in the community. The question of stocks vs. bonds – which to use? A mix is best. Stocks are higher return (average 12%) though higher risk. As you approach retirement, the balance should be shifted to stable investments, like bonds or FDIC backed CDs, or gold. A sound strategy for 401(k) funds allocation payments and investments will be credit towards retirement.