Obstructionist home affairs officials bar entry of foreign investors
No matter how conducive new legislation is to immigration, its success will depend on how it is implemented
Recent news reports point to an ever-weakening economy, shocking unemployment levels and a worrying skills exodus. The taxpayer base is being eroded as the very South Africans qualified to build the economy leave the country in droves.
While SA loses skills, business capital and jobs as a result, other countries are gaining — partly thanks to their initiatives to offer “golden visas”, in which applicants must invest heavily in their destination country and are given residency or citizenship in return. These golden, or investor, visas, offered by more than 20 countries worldwide, require investments of R2m-R20m and are reported to have grossed more than €25bn in Europe alone during the past 10 years...