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Date & Weather

Date: 10.03.2010
Time: 18:14

Capetown:

Temp.: 19 °C / 66 °F

Wind: S / 17 kn

Sunrise: 06:16
Sunset: 19:36

Johannesburg:

Temp.: 24 °C / 75 °F

Wind: S / 6 kn

Sunrise: 05:42
Sunset: 18:52

IBN Network

German South African Chamber of Commerce & Industry

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News Highlight
21st Feb 2010

Budget Speech 2010 without any Surprises

On 17 February the new Minister of Finance, Pravin Gordhan, delivered his first budget speech. Due to the recent recession and the reduction in revenue (R 69bn) the new budget has to be financed by increasing state debts slightly. Thus the government will be able to increase the budgets for crime fighting, education and more importantly the increasing of service delivery throughout administrations and municipalities (R 1.1 Trillion over 3 years!).

With focus on education and job ...[MORE]

>> IBN News-Archive

Exchange Rates

Click a graph to view the detailed version.

Rates are compliment of the ECB and will be updated once a day on weekdays only.

24.02.2010: Economic Growth: 3.2 % +++ Inflation Rate: 6.2 % +++ Prime Lending Rate: 10.5 % +++ Rand Prognosis: stronger +++ Interest Prognosis: dropping +++ Unemployment Rate: 24.3 % ||

About Us

IBN Consulting & Immigration offers integrated, comprehensive, multi-sector assistance and practical advice for any business activity in Southern Africa. Efficiency, integrity and transparency compliment the international experience of many years.

For more than 10 years IBN is among one of the leading consultancy agencies concerning corporate and private investments in Southern Africa. With its offices in Cape Town, Johannesburg and Stellenbosch as well as a branches in Hamburg and Dubai for offshore solutions, IBN with its team of legal advisors, business economists and business bankers is a competent partner for international companies and private persons in terms of legal, economic and financial aspects.

Since 1997 IBN is the publisher of the book "Investing in South Africa - Opportunities and Risks in the 21st century" which will shortly be released in the 5th edition, author of the Austrian foreign trade publication "AWO Fachreport" and various leaflets which can be obtained at the IBN library. The company is not only licensed as a Financial Service Provider but it is also rated with a Level 4 within the Black Economic Empowerment framework.