Virtually all business activities are open to foreign investors. In a few sectors, however, ceilings have been placed on foreign shareholdings. Government representatives have taken the position that strategic industries such as electronics should be firmly rooted in South Africa and not controlled entirely, or even mainly, from abroad. Foreign equity holdings in newly established banks are limited to 15%.
For further information please contact: Werksmans Attorneys Werksmans Chambers, 22 Girton Road, Parktown, Johannesburg 2193 or P.O. Box 927, Johannesburg 2000 South Africa Enquiries: Mr Charles Butler Telephone 27 (011) 488-0000 Telefax 27 (011) 484-3100/3200 E-Mail Address email@example.com