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Have a look at our Doing business in South Africa publication for an overview of the legal issues relevant to foreign investors wishing to establish or acquire a business in South Africa. South Africa has highly sophisticated financial, mining, commercial, and industrial sectors which compete with the best throughout the world and attract considerable interest of overseas investors. These sectors operate against a background of political and economic stability that encourages investment. South Africa has…
Have a look at our Doing business in South Africa publication for an overview of the legal issues relevant to foreign investors wishing to establish or acquire a business in South Africa. South Africa has highly sophisticated financial, mining, commercial, and industrial sectors which compete with the best throughout the world and attract considerable interest of overseas investors. These sectors operate against a background of political and economic stability that encourages investment. South Africa has…
India’s cabinet has approved an increase of the Foreign Direct Investment (FDI) limit for insurance from 26% to 49%. Insurance companies will still have to be locally controlled. Investment up to 26% will be automatically allowed, and investment between 26% and 49% will have to be approved by the Foreign Investment Promotion Board. The FDI limit for pension funds is also set to go up to 49%. The change in the FDI cap, contained…