Absa shines at Africa banking awards

South Africa's Absa was recognised as the "most innovative bank in Africa" at the African Banker Awards 2009, while Absa's Tanzanian subsidiary, the National Bank of Commerce, was named the "best local bank in Africa".

Another huge gem for Cullinan Mine

The celebrated Cullinan Mine may have given the world another major gemstone. At 507 carats, the diamond – found on South Africa's Heritage Day – is thought be to be among the top 20 biggest high-quality rough diamonds ever found.

Bumper export for Mercedes Benz

In a reassuring sign for South Africa's automotive industry, East London-based Mercedes Benz has shipped over 2 600 locally built C-Class cars to the United States – its largest consignment since November 2008.

Trade conditions improve in South Africa

Trade conditions improve

The South African Chamber of Commerce and Industry's Trade Activity Index has moved into positive territory for the first time since November 2007, while expectations for sales, inflation and employment have also improved, pointing to renewed optimism in the economy.

Durban: two airports for 2010

While the R7-billion international airport at La Mercy, north of Durban, will be open well in time for the 2010 Fifa World Cup, Durban International will continue to operate in order to accommodate the surge in passengers arriving for the tournament.

First ships dock at Port of Ngqura

The first commercial vessels have discharged their cargo at South Africa's new deepwater Port of Ngqura, which forms part of the Coega industrial development zone outside Port Elizabeth in the Eastern Cape province.

Govt 'committed to auto industry'

The government says it will continue to support South Africa's motor industry, while pushing for a shift in production to heavy vehicles and their components.

Investing in South Africa

New indices to spur Africa investment

With Africa increasingly seen as a key market of the future, Nedbank has launched three Africa indices to help investors tap into opportunities on the continent while containing the inherent risks.

Investor, look to South Africa: report

South Africa has been identified as a key emerging market for global investors, moving up to fourth position in a new survey conducted by the Economist Intelligence Unit for UK Trade & Investment, the British government's international business development agency.

BMW to invest R2.2bn in Rosslyn plant

BMW South Africa is to invest an additional R2.2-billion at its plant in Rosslyn outside Pretoria, in order to introduce the latest in vehicle and production technology and lift production capacity from 60 000 to 87 000 units a year.

'Telecoms city' on cards for Cape Town

Plans to establish a R1.5-billion "telecoms city" – targeting business process outsourcing and call centre operators – outside Cape Town has secured the support of the city government and local business-led organisations, as well as "substantial interest" from potential customers.

Investing in social responsibility

The JSE is set to start disseminating live values of its Socially Responsible Investment Index, as part of the exchange's vision to make socially responsible investing an accessible, mainstream investor activity.

Trade with South Africa

First ships dock at Port of Ngqura

The first commercial vessels have discharged their cargo at South Africa's new deepwater Port of Ngqura, which forms part of the Coega industrial development zone outside Port Elizabeth in the Eastern Cape province.

Zuma pushes South-South trade

African countries have begun exploring more trading opportunities with southern hemisphere countries, President Jacob Zuma said at a South Africa-Brazil business forum in Sao Paulo, calling for more collaborative projects between the two regional powerhouses.

Stanbank, Japan boost for Africa trade

Standard Bank has signed a US$150-million loan agreement with the Japan Bank for International Cooperation in order to boost trade finance in Africa. The deal will also serve as a platform for future cooperation across a range of different banking products and geographies.

China now SA's top trade partner

South African trade with Asia remains robust despite the global recession, with new data showing that China is now the country's number one export and import market.

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Trading Ecomomics

Inflation in U.S. Increased at Slower Pace

The cost of living in the U.S. rose at a slower pace in September, showing inflation will not be a threat as the economy emerges from the worst recession since the Great Depression.

European Consumer Prices Decline for Fourth Month

European consumer prices fell for a fourth month in September as energy prices dropped and companies cut jobs and reduced costs to weather the global economic slump.

China’s Export Decline Slows
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FX Solutions Australia is affiliated with FX Solutions, LLC – the U.S. based foreign exchange (Forex) broker and market maker. FX Solutions' Global Trading System platform (GTS) was built to be scalable and flexible, serving the needs of retail clients and institutional partners alike. Today, the same GTS platform used around the world by Forex traders has been enhanced to offer both Forex and Contracts for Difference (CFDs).

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European Company Formation

European Private Limited Company Formation Hassle-free online process Online Company Administration Services EU COmpany FOrmation Proposed EU legislation, called the European Private Company Statute, will allow you to form a European Private Company, also known as SPE. An SPE is formed through a set of company formation laws which are uniform throughout the European Union. This allows an SPE to have legal existence in all EU member states. This also allows you to transfer the domicile of your company from one EU member state to another. There are a number of benefits of forming an SPE: The minimum capital requirement for the SPE is €1 in order to facilitate start-ups. This provides flexibility to companies in setting suitable capital for their companies It (potentially) exists in all Member States It allows entrepreneurs to set up all their companies with the same management structure, regardless where they are located An SPE can have its registered address in any EU country Although the company formation regulations are uniform in all EU member states, the tax regulation may vary with the domiciled EU country. This allows your company to have a extensively flexible tax structure. It offers a European label that is easily recognisable throughout the EU Formations House can assist you in forming an SPE in any EU member state. Initially your company will be domiciled in the UK, and the company will operate totally like a UK company but when the statute is implemented (estimate timeframe July 2010) across Europe we can re-domicile your SPE to any EU member country where the statute has been implemented. This could greatly reduce your tax liability in the 2nd and 3rd years of operation. Many large companies are moving their HQ, as they are worried that the current spending by the government will lead to higher corporate taxes in later years. The best time to structure your business to take advantage of the re-domiciliation option is at the setup stage. If you feel your business will have a European focus, or you feel you may need to re-domicile your company to take advantage of lower tax rates of other European countries in the future than an SPE may be the ideal choice. Taking this option now does not in any way effect the current operation of you UK company it will operate just like a normal UK company with a LTD suffix and is subject to normal UK taxation.