South Africa Risks Losing Business Investment Over Visa ‘Chaos’

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 82 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 50%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

European companies warn that a lack of skilled workers endangers expansion plans and jobs in a country where a third of people are unemployed.

Philippine Policy Rate Has Reached the Peak, Finance Chief SaysChinese Brokerages Surge on Report of Support for Merger DealsThe Bond Trade of 2024 in Emerging Markets May Beckon in TurkeyAsian Banks’ Loan Outlook May Be Weighed by Weak DemandAsia Stocks Set for Bullish Tailwind from US Rally: Markets WrapMorgan Stanley Says Oil at $110 Could Prompt RBI to Hike AgainE-Commerce Startup Udaan to Trim Costs Ahead of 2025 IPOSouth Korea Stocks Jump as Nation Reimposes Ban on Short-SellingWomen less...

“We are experiencing these kind of issues,” said Klaus Eckstein, senior representative for Bayer AG, the German multinational pharmaceuticals group, in the region. It runs manufacturing plants and research and development facilities in South Africa. “We are looking to expand. This is not helping anyone. It’s not helping South Africa. It’s not helping the business,” he added.

In October the Department of Home Affairs took a step toward implementing the recommendations by asking companies that want to secure work permits for senior executives and technicians to take part in a pilot of a trusted employer program, that would prioritize their applications. If implemented fully, the changes could streamline the process. But progress has been slowed by political infighting in the Ramaphosa government and a crumbling civil service.

It is not just the number of requirements that is baffling companies. There is a “total lack of consistency in the handling of the applications: one person might get his or her visa in the foreign mission in 10 days, others will have to wait for over a year,” said the European Union Chamber of Commerce and Industry of Southern Africa. “In one family, the application of the spouse is accepted, but the main applicant does not get his or her visa, with no reason given.

“What is encouraging is the acknowledgement'' of the problem and the recommendations laid out in the Ramaphosa report, she said, before adding that she is wary of delays. “If this is not done we are looking at a situation that is going to get worse and worse to the point of catastrophe.”

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 83. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Bond Market Has Fighting Chance to Avoid Historic Losing Streak(Bloomberg) -- A prospect that might have seemed unthinkable just a couple short weeks ago is coming into view for bond traders: The potential for US...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

U.S. business wants Africa trade certainty, Biden official saysExplore stories from Atlantic Canada.
Bron: SaltWire Network - 🏆 45. / 63 Lees verder »