Ian Matthews, Head of Business Development at Bravura
President Cyril Ramaphosa activated the controversial Protection of Investment Act, by publication of a notice in the Government Gazette, on Friday 13 July. The Act was signed into law by former President Jacob Zuma in 2015, and foreign investors were waiting on tenterhooks as to the commencement date of the law. The law was controversial from the start, with foreign entities complaining it will reduce their protection in SA, and may make them disinclined to invest. (more…)
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