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 13 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 representations in Hamburg, Berlin, Seoul and Dubai, 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 and not limited to the most popular questions with regard to immigration to South Africa, kinds of permits and company set-up.
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 6th 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 Level 4 within the Black Economic Empowerment (BBBEE) framework.
Do not hesitate to ask us today about work permits, permanent residence permits, company set-up, all aspects of an immigration to South Africa as well as government grants, contract drafting and Last Wills and Testaments. We are only one email away!
Important Changes in the Law
Consumer Protection Act
Those rules and regulations pertaining to consumer rights were in the past regulated in bits and pieces in a variety of laws and are now combined in one single Act, the Consumer Protection Act. The new law has come into force and effect on 31 March 2011 and replaces all previous regulations in the Consumer Affairs Act of 1988 as well as the Trade Practices Act of 1976, the Sales and Service Matters Act of 1964, the Price Control Act of 1964 and the Merchandise Marks Act of 1941.
Company Law
The previous company law consisting of the Companies Act of 1973 and the Close Corporations Act of 1984 has been replaced by a new, single Companies Act, which came into force and effect on 1 May 2011. Previous types of corporate incorporation have been abolished, amongst it the Close Corporation, and replaced by a variety of new company types.
Corporate Governance
The existing, fragmented set of rules and regulations of corporate governance has been completely revamped based on the King III Report and came into force and effect well ahead of the new Companies Act already on 24 October 2010.
Immigration Law
The current immigration law, which in 2002 by means of enacting the Immigration Act replaced the old Aliens Control Act of 1991 is currently being amended to a large extent. Most of the conditions for existing permits as well as available kinds of permits will drastically change. After the public participation process is finalised it is expected that it will come into force and effect during the second quarter of 2012.
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