Page 25 - SA Chamber UK Newsletter April 2024

thinking and well-regulated International finance centre, has become a prime location

for South African businesses looking to expand their global footprint. The Island
offers a favourable regulatory environment, advanced infrastructure, and a proactive

approach to international business, which are attractive to South African individuals
and companies possibly looking to diversify their investments and reach into UK and

European markets.

The relationship between the Isle of Man and South Africa is a longstanding and deep
one. More than 35 South African businesses already have operations in the Isle of Man,

and South Africans are the Isle of Man’s largest overseas population outside of the
British Isles, with over a thousand residents.

Finance Isle of Man has appointed its first-ever dedicated business representative in

South Africa, strengthening the economic relationship between the two jurisdictions; it
also supports the Isle of Man Indaba, a strategic partnership of locally based financial

service businesses that visit South Africa, on a biannual basis.

The sponsorship of the South African Chamber of Commerce UK Gala Dinner on
19 June by Finance Isle of Man aims to exemplify and reinforce these bonds. It serves

as a platform to highlight the Isle of Man’s commitment to supporting South Africa, its
businesses and to encourage further collaboration.

Through events like the Gala Dinner, both countries can explore new opportunities for
partnership, driving mutual growth and prosperity.

www.financeisleofman.com

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SA CHAMBER UK NEWSLETTER APRIL 2024