Investment influenced by bill change

Investment influenced by bill change

The EB5 Regional Center Program (EB5 RCP) has never really changed since its enactment in 1990 and was set at a minimum investment threshold of $500,000 for EB5 RCP and $1,000,000 for EB5 Direct Investments. Recent amendments will impact investments for existing and future investors. Leon Versfeld, Senior Immigration Attorney at Versfeld and Hugo Global Immigration Attorneys, explains:

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SACCUSA Chairman visits USA

SACCUSA Chairman visits USA

Chairman of SACCUSA’s Board, Mr Robert Gumede, visited the USA for talks with chamber president Mr Neil Diamond. Discussions focused on improving the flow of trade, investment, and tourism between our two countries and the SADC economic development region.

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Investment between USA and Africa on the agenda

Investment between USA and Africa on the agenda

The African continent is overflowing with potential, and the USA is looking at avenues to enable trade and stimulate the flow of investment between itself and Africa. During a recent exploration visit to, amongst others, Nigeria, Namibia, Kenya and South Africa, the State Department identified key focus areas of interest – the creative industry, digital economy, agriculture, and manufacturing.

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H-2A program in agricultural sector high on the agenda

H-2A program in agricultural sector high on the agenda

A delegation of SA Chamber USA met with the US Ambassador to South Africa, Dr Rueben E. Brigety II, at the US Embassy in Pretoria. The meeting focused on a wide range of commerce topics, with a particular emphasis on promoting direct foreign investment from the US to South Africa through the H-2A program in the agricultural sector.

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Official opening of Rand Merchant Bank (RMB)  office in New York a milestone occasion

Official opening of Rand Merchant Bank (RMB) office in New York a milestone occasion

The official opening of Rand Merchant Bank (RMB) office in New York on May 18, 2023, marked a significant milestone in strengthening financial ties between South Africa and the United States. The keynote speaker, South African Deputy Finance Minister Dr David Masondo, highlighted the crucial role of South African financial services in facilitating capital flows for Africa’s development.

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