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International Business and South Africa (Money Needs (More Investments…
International Business
and South Africa
Money Needs
More Investments Needed
South African Investment Info
As of 2015, an investment was partially defined as: "A holding, acquisition or merger by one enterprise with another enterprise outside the Republic to the extent that such holding, acquisition or merger with another enterprise outside the Republic, has an effect on an investment referred to above"
Investment is very rarely regulated, however, and there are currently very few laws watching over international investing
More Taxation
South African Tax Laws
Recently, and going into affect this March, a new legislative tax law was adapted for emigrating foreign workers, with new taxes being added to the revenue being made over seas: "The legislative amendment states that South African tax residents abroad will be required to pay tax to SARS of up to 45% of their foreign employment income"
Multi-Currency Differences
Goals and Purpose
Goals will be determined by customer needs by country
Changing Purposes based on country
South African Oriented Goals
Currently one of the largest issues in the country is a lack of education and availability for education, so a company dealing in business in the area could create a focus on providing classroom spaces in an effort to branch into the country in a positive way
Laws and Rules
Operates Under Different Tax Laws
Operates Under Different Regulations
South African Regulations
Recently, South Africa passed new regulations regarding international investments
Operates Under Different Standards
South African Government
The South African government is split into three tiers, each with their own regulations and laws, with all three working together and involved in international business practices
Where to Operate?
Multiple stations in-person based on largest global markets
Operates within differing countries with different cultural standards
South African Business Culture
Up until the current century, business ethics has been quiet and underwritten in the country, and as a result, business fraud hit an all-time high in the '90s
Multiple head quarters likely needed