A good place for gold- South Africa.docVIP

 PAGE \* MERGEFORMAT 7 A good place for gold: South Africa Rich in gold, diamonds and jewelry in South Africa, was once a European paradise for adventurers and investors, with the collapse of apartheid and the end of international sanctions, South Africa, the bright pearl of the African continent once again become a battleground States investors ‘New World’, economic experts predict that investment will go to South Africa to form the next decade in the international economy boom. In order to encourage foreign investment, the South African government has developed incentives and preferential policies for foreign investment, which includes: 1, the investment rate concessions The lawful currency of South Africa rand (Rand) divided into the financial rand (FR) and the commercial rand (CR), respectively, the two currencies with different exchange rates. The financial rand for foreign investment in South Africa, the currency used in the form of foreign investment in the exchange rate can be preferential; foreign investment income in South Africa in terms of commercial rand and the commercial rand exchange rate can be converted into any currency export. As the two kinds of large differences in currency exchange rates, foreign investors may derive substantial benefits. In mid-1991, for example, when two kinds of currency exchange rate difference of 16%, that is a convertible 0.3035 U.S. dollars the financial rand (l = 3.2945 U.S. dollars the financial rand), a commercial rand convertible 0. 3571 U.S. dollars (I U.S. dollar = 2.80 commercial rand). Second, regional industrial development incentives Government May 1, 1991 start ‘of the Regional Industrial Development Plan’, in order to encourage foreign investors to the industrial areas outside the intensive invest and build factories or to have been relocated to the region to be developed. 1. Basic set up factories in subsidies (in factories after l, 2-year period); The conditions for the application of this gr