AGL 40.01 Decreased By ▼ -0.02 (-0.05%)
AIRLINK 128.10 Increased By ▲ 0.40 (0.31%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.57 Decreased By ▼ -0.03 (-0.65%)
DCL 8.80 Increased By ▲ 0.01 (0.11%)
DFML 41.80 Increased By ▲ 0.22 (0.53%)
DGKC 86.00 Increased By ▲ 0.21 (0.24%)
FCCL 32.68 Increased By ▲ 0.19 (0.58%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.15 Increased By ▲ 0.60 (5.69%)
HUBC 110.99 Increased By ▲ 0.22 (0.2%)
HUMNL 14.91 Decreased By ▼ -0.16 (-1.06%)
KEL 4.90 Increased By ▲ 0.02 (0.41%)
KOSM 7.43 Decreased By ▼ -0.02 (-0.27%)
MLCF 40.30 Decreased By ▼ -0.22 (-0.54%)
NBP 61.75 Increased By ▲ 0.70 (1.15%)
OGDC 194.98 Increased By ▲ 0.11 (0.06%)
PAEL 27.45 Decreased By ▼ -0.06 (-0.22%)
PIBTL 7.84 Increased By ▲ 0.03 (0.38%)
PPL 153.50 Increased By ▲ 0.97 (0.64%)
PRL 26.87 Increased By ▲ 0.29 (1.09%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 84.10 Decreased By ▼ -0.04 (-0.05%)
TELE 8.02 Increased By ▲ 0.06 (0.75%)
TOMCL 36.94 Increased By ▲ 0.34 (0.93%)
TPLP 8.75 Increased By ▲ 0.09 (1.04%)
TREET 17.38 Decreased By ▼ -0.28 (-1.59%)
TRG 58.90 Increased By ▲ 0.28 (0.48%)
UNITY 26.84 Decreased By ▼ -0.02 (-0.07%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,644 Increased By 452.5 (0.48%)
KSE30 29,391 Increased By 189.5 (0.65%)

South Africa on Tuesday announced visa reforms aimed at luring investment and tourists to help lift the continent's most advanced economy out of recession. Home Affairs Minister Malusi Gigaba unveiled a raft of regulations allowing frequent visitors and foreign business travellers to have long-term multiple-entry visas of up to 10 years.
The rules will take effect from next month. "Changes to our visa architecture have the potential to boost tourism and make business travel more conducive," Gigaba told reporters. "We are simplifying visa requirements for countries such as China and India." Applicants from those two countries will be able to have a 10-year visa processed within five days.
"This arrangement is meant to attract business people and prospective investors," he said. Anti-trafficking rules requiring parents to travel with birth certificates of their children will be simplified, he added. Tourism contributes 10 percent of South Africa's total Gross Domestic Product (GDP).
Visa reforms are part of an economic stimulus plan announced by President Cyril Ramaphosa on Friday to boost investor confidence after South Africa entered a recession in the second quarter of this year. The plan also includes large-scale infrastructural development. Data showing that South Africa had slipped into recession dealt a blow to Ramaphosa who came to office in February ahead of elections next year.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.