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35 South African businesses moved to new safe haven

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          🞛 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.
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/ ]