Government to overhaul visa regulations to boost investment | City Press

  • 📰 City_Press
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Government to overhaul visa regulations to boost investment

President Cyril Ramaphosa shaking hands with Trade, Industry and Competition Minister Ebrahim Patel at the 5th South African Investment ConferenceGovernment plans to overhaul the work visa regime to boost investment and attract required skills into the country.

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. We will introduce new visa categories for remote workers and start-ups to attract dynamic entrepreneurs and promote spending in our economy.

Speaking at the fifth SA Investment Conference, President Cyril Ramaphosa said reforms would include streamlining application requirements to reduce the time for getting a work visa.In her newsletter earlier this month, Business Leadership SA chief executive Busisiwe Mavuso decried the chaos created by the visa system. She said this was a serious impediment to the economy.

"Some 56 000 foreigners working or intending to work in South Africa were facing the cancellation of their visas at the end of March, purely because home affairs has been unable to process their applications. They were given a last-minute reprieve – two days before the deadline – extending the validity of their existing status until the end of the year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ANCisCORRUPT VoetsekANC

We have enough skills in the country. The problem is that there are no jobs, our economy is not creating jobs

Heee heee! CyrilRamaphosa o busy neh? Overhaul working visa for what and why exactly? To benefit who

Cril selling our country wtchout

2 weeks late for April fools joke!

👀

We have skills in the country already but no jobs

Patel is dealing with Rama straight,,, cooking numbers …those numbers for investment are cooked 🤣

maggsnaidu it’s your the_dti friend shaking the hand of our CyrilRamaphosa 💖 - He is telling the potential investors, his annual line… he is gonna overhaul the work visa problems 🙈🙈🤦🏻‍♂️🤦🏻‍♂️🤷🏻

Haven’t we heard this before?

WHO IS DR Nandipha Magudumana? A Timeline Of When She Met Thabo Bester Till Now... ThaboBester DrNandiphaMagudumana G4SinParliament | Hyde Park | Good Doctor | Rosemary

No matter how much SA chases foreigners the main source of investment is domestic. Nothing will stop investment more than the neo-apartheid laws the ANC passed recently. They will increase the brain drain & who invests in a country where their children are discriminated against?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netball SA boss Molokwane questions why corporate companies shun the sport | City PressOutspoken Netball SA president Cecilia Molokwane has expressed her disappointment that sponsors continue to look the other way when it comes to sponsoring netball, and called on corporate South Africa to invest its money in women’s sports. Really not that hard to work out why
Source: City_Press - 🏆 7. / 72 Read more »