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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

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Date & Weather

Date: 04.02.2012
Time: 18:17

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 (22nd Jul 2010): Interest Rates remain unchanged

News-Archive


Interest Rates remain unchanged - 22nd Jul 2010

The South African Reserve Bank's (Sarb's) monetary policy committee (MPC) has left the key repo rate unchanged on Thursday at 6.5%, with the prime lending rate steady at 10%.

The repo rate is the rate at which the central bank lends to other banks, while the prime lending rate is the benchmark rate at which banks lend to customers.

The decision to leave rates unchanged had been expected, according to a survey of 11 leading economists polled by I-Net Bridge.

Against expectations, there was a cut in March, but the MPC kept interest rates on hold in May. It said at the time inflation forecasts indicated a slightly improved outlook compared with that presented at the previous meeting, with lower projected inflation for 2010 and 2011.

Efficient Financial Holdings [JSE:EFF] economist Freddie Mitchell said concern about inflation prospects probably swayed the MPC to keep rates unchanged.

"She (Sarb governor Gill Marcus) made a lot of comment around the weakness in the global economy, that the growth potential is low and that consumer demand remains weak within the local market,"said Mitchell. "Cost push pressures, especially higher wage increases, was the main reason behind them keeping rates on hold."
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