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The Tax and Investment Desk of Centurion Plus Launches

Maurice Info Search The long-awaited African Continental Free Trade Area (AfCFTA) is finally operational, wherein trading commenced on the 1st of January 2021. This marks a celebrated milestone for intra-Africa trade. The AfCFTA eliminates tariffs on 90 per cent of goods produced on the continent, tackles non-tariff barriers to trade and guarantees the free movement of persons. It consolidates a market of 1.2 billion people and a combined Gross Domestic Product (GDP) of $2.5 trillion. While the private sector in Africa has been grappling with dealing with the effects caused by the COVID-19 pandemic, the AfCFTA provides for key benefits such as open borders, improved contracts, and better structured value chains. The private sector being a key stakeholder and a major beneficiary of the AfCFTA has a lot that it can benefit from the AfCFTA.

The long-anticipated relaxation of the South African Exchange Control Rules relating to loop structures and investments (By Chido Pamela Mafongoya)

Content provided by Last updated: 28/01 - 14:40 The long-anticipated relaxation of the South African Exchange Control Rules relating to “loop” structures and investment was released on the 4 th of January 2021 by the South African Reserve Bank under Exchange Control Circular No. 1/2021. The “loop” structure and investments restriction were lifted to promote inward investments into South Africa, subject to the normal criteria applying to inward investments and reporting to the Financial Surveillance Department (FinSurv). What is a “loop” structure? In simple terms a “loop” structure are generally created by a South African resident individual, trust or company transferring authorized or unauthorized funds from South Africa to, for example, set up a foreign trust or foreign company. The foreign trust or company would then directly or indirectly (via another offshore entity) invest the authorized o

Investegate |African Energy Chmbr Announcements | African Energy Chmbr: African Energy Chamber: A Few Thoughts

  A Few Thoughts for this Generation of Africans in 2021: Be Bold and Cut Out Entitlement, No One Owes Us Anything.     In 2021 most opportunities in the energy sector and in business in general will go to those who show up and negotiate better deals and get involved in making African resources work for us. Forget handouts, foreign aid and government handouts.   As I wrote in the second edition of Billions at Play: The Future of African Energy and Doing Deals, in 2021, young African dealmakers, negotiators and lawyers will have to embrace a new mindset to win. They will have to mobilize their resources and advocate for important principles of personal responsibility, smaller government, lower taxes, free markets, personal liberty, and the rule of law.

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