However, in some cases, millions of rands are required from those wishing to join or establish local businesses.
"This is provided that, inter alia, such foreign national invests the prescribed minimum financial or capital contribution in such business, currently set at R5 million; that the investment complies with any relevant registration requirements set out in any law administered by the SA Revenue Service; and that the foreign national does not conduct work other than that related to the business in respect of which the visa has been issued,” said Tshisevhe.
However, “if a foreign national who is not an asylum seeker or refugee is in the country without the correct visa then he is not allowed to undertake any sort of work in South Africa, including trading in the informal sector”. “South Africans who are of the view that they are adversely affected by the trading of foreign nationals in the informal sector are strictly prohibited from engaging in illegal practices such as looting or attempting to remove foreign nationals who are trading in that sector,” he said, adding that the obligation to regulate the participation of foreigners in the informal sector still rested with the immigration office and the police.
City_Press We're too relaxed in mzanzi
City_Press FOKOL!
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:
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.
Ramaphosa says new administration will repair economy | IOL Business ReportThe president was on a charm offensive a day as pressure mounted on him to improve SA's competitiveness and turn state-owned entities around following last week's elections. busrep
Source: IOL - 🏆 46. / 51 Read more »
Ramaphosa says turnaround at Eskom will bear fruit soon | IOL Business ReportPresident Cyril Ramaphosa today told local and international investors that South Africa’s economy would be in ‘top gear’. busrep And let me guess.....he allegedly lied with a straight face and then laughed. busrep How can a company who supplies the majority of S A's with 220v be in debt of over R400 billion ......... BILLION Something not right there !! 🤢 busrep Fruit for who is the question? Won’t be us we will get another tarring increase.
Source: IOL - 🏆 46. / 51 Read more »
Ramaphosa says government is committed to speedy economic reforms | IOL Business ReportSouth Africa’s President Cyril Ramaphosa said on Wednesday that the African National Congress-led government will speed up economic reforms. busrep Investors will only take you seriously when they see some serious action being taken against corruption, but yet, those implicated in corruption still rule the roost. busrep So you will get all the comrades to give the money back they stole and have them prosecuted. Get the ANC publicly apologize for failing SA for the past 25 years
Source: IOL - 🏆 46. / 51 Read more »
Business Maverick: U.S. Readies New Tariffs as Trump Says He’ll Meet China’s XiThe U.S. prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade.
Source: dailymaverick - 🏆 3. / 84 Read more »
Elections boost business confidence | IOL Business ReportThe incoming administration is set to inherit improved business confidence after sentiment rose in April for the first time since January in anticipation of a more stable post-election policy environment. busrep busrep You are as gullible as the 30percenters
Source: IOL - 🏆 46. / 51 Read more »