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We are looking urgently for German speaking Call Center Agents for the wider area of Cape Town! The necessary Work Permit can be organised at the same time.

IBN Offshore

BVI Offshore Company (IBC)
The law on the British Virgin Islands is familiar to most lawyers who deal with offshore matters, like IBN Offshore.
Flexible legislation allows the operation of the company to be almost totally dependent on the requirements of the client
A BVI only takes three business days to incorporate and they are exempt from all taxes.

A wide-range of applications are possible, including: investment, property holding, financial management, trading and copyrighting and/or licensing. Unlike many other jurisdictions, there are no public disclosure requirements, nor any minimum capitalization regulations, nor any prohibitive license fees pertaining to trust and trustee companies for application in private-label trust company, unit and mutual fund situations like it is necessary e.g. for the PCC of Mauritius.

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News Highlight
19th Jan 2012

Interest Rate remains unchanged!

The South African Reserve Bank left its repo rate unchanged at 5.5% on Thursday as expected, with concerns about a slowing economy off-setting the pressures from inflation, which is likely to stay outside its target band for longer than previously expected.

At its first policy meeting of 2012, the bank raised its inflation forecast, saying it expected inflation to be outside its 3-6% target range throughout 2012, with the recent depreciation of the rand being the main ...[MORE]

>> IBN News-Archive

Exchange Rates

EUR: 10.03
USD: 7.62
GBP: 12.05
CHF: 8.32
AUD: 8.14
Click a graph to view the detailed version.
Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 04.02.2012
Time: 18:01

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 13 kn
Sunrise: 05:43
Sunset: 20:15

Johannesburg:

Temp.: 19 °C / 66 °F
Wind: VRB / 3 kn
Sunrise: 05:19
Sunset: 19:22
IBN News (5th Feb 2009): Drastic drop in Interest Rates

News-Archive


Drastic drop in Interest Rates - 5th Feb 2009

Today the South African Reserve Bank broke with it's tradition of changing interest rates in half percent steps with reducing the repo rate by 1.0%. Thus the prime lending rate dropped from 15% to 14%. The reason for this drastic step can be seen in the positive outlook for a further drop in inflation (currently 9.5%), fuelled by the fear of an accelerating decline in economic growth from currently 4.3%. According to internal discussions Tito Mboweni had even suggested a 2% cut, which leaves hope for another 1% drop in the prime lending rate in April.
Click here to view the complete News-Archive.