FOREIGN INVESTMENT
Immigration hurdles block Ramaphosa’s vision to lure capital
Cyril Ramaphosa’s first speech as the new president of the ANC left many South Africans hopeful and enthusiastic about the country’s future. Virtually all interested parties in the immigration industry are urging him to engage with our sector urgently to discover the hurdles blocking his ambition to make SA attractive for foreign investment. While existing legislation may provide a platform for reasonable immigration laws, the law is not applied in practice. SA loses substantial amounts of money annually due to lawsuits challenging incorrect Department of Home Affairs visa application rejections. Even worse, the country loses incalculable benefits due to the large number of would-be investors who are turned away over visa hurdles. Experienced businesspeople, attracted by the promise of operating in SA, regularly lose heart and take their investments elsewhere due to failed business visa applications; they take with them their foreign investment, skills and job creation potential. Ap...
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