35 South African businesses moved to new safe haven

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35 South African businesses moved to new safe haven

//business-finance.news-articles.net/content/202 .. -african-businesses-moved-to-new-safe-haven.html

Published in Business and Finance on Sunday, March 23rd 2025 at 2:00 GMT by BusinessTech
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Albertyn highlighted that over 35 South African-run businesses, including Nedbank, Standard Bank, and Derivco, operate in the Isle of Man or across both jurisdictions.

- Click to Lock Slider

The article from BusinessTech discusses how 35 South African businesses have relocated to a new safe haven in response to the country's ongoing issues with power outages, crime, and economic instability. This move is part of a broader trend where companies are seeking more stable environments to operate. The new location, described as a secure business park, offers reliable electricity, enhanced security measures, and a supportive business ecosystem. This shift not only aims to protect these businesses from the immediate threats but also to foster growth and sustainability in a more predictable setting. The article highlights the increasing appeal of such safe havens for businesses looking to mitigate risks associated with South Africa's current socio-economic challenges.

Read the Full BusinessTech Article at:
[ https://businesstech.co.za/news/business/817090/35-south-african-businesses-moved-to-new-safe-haven/ ]

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35 South African businesses moved to new safe haven