August 17, 2015: Written by International Credit Review
The popularity of virtual currencies, including the SNG Global Dollar virtual currency, sngglobaldollar.blogspot.com, is growing exponentially worldwide hence it is regarded as the global currency of the future and national governments are accordingly quickly responding to this phenomenon to attract vital Foreign Direct Investments to their respective local economies.
This is clearly evident from a statement made by the South African Ministry of Trade and Industry saying they “seriously welcome” the proposed 400 million USD Foreign Direct Investment by Business Development Partners International in the South African economy over the next 5 years, particularly following the consortium’s successes in Spain, India, Brazil and other developing economies.
Business Development Partners International is a consortium of seven leading independent international venture capital firms who has joined forces to take full advantage of high risk – high return business development projects across the globe, which is otherwise too risky to undertake by an individual venture capital firm from a risk management point of view.
“We are extremely excited about investing in the South African economy regardless of the current challenges of power generation and corruption. We have been assured by the South African Government that these two challenges in particular has the full attention of the SA Government, and we have been provided with evidence clearly indicating the progress they have made in this regard” says the spokesperson for BDPI.
“We also firmly believe the current economic climate will provide BDPI with the best business investment opportunities available as well as that a strong presence in the South African economy will provide BDPI with an excellent strategic gateway to the entire economy of the African Continent.”
The primary investment focus of BDPI will be to invest in existing South African companies having exponential growth potential as well as the investment in fixed properties.
“We believe our business experience will be an additional benefit to our investments in existing companies, which will as a matter of course create thousands of permanent and temporary jobs for the South African economy.”
Individual Business Development Partners International consortium members are appeared to be advised by PriceWaterhouseCoopers and KPMG on this matter, since fifty percent of BDPI’s investment capital will be made in the USD currency while the remaining fifty percent will be in the SNG Global Dollar virtual currency.
The investment strategy of BDPI mainly entails the exchange of SNG Global Dollar Certificates for a shareholding in existing businesses and fixed property holding companies, while they would then recapitalize the businesses with USD currency.
According to the BDPI spokesperson the significant advantage of investing in SNG Global Dollar virtual currency, as appose to normal currencies, are that the value of BDPI acquisitions in existing companies immediately increase with an astonishing 50 to 300 percent.
“Hence, the substantial investment in the SNG Global Dollar virtual currency was one of the main objectives of Business Development Partners International over the past three years”.
Business Development Partners International claims the decision to choose South Africa as its next investment destination is as a result of the SNG Global Dollar being very popular among wealthy South Africans and business owners following the aggressive marketing campaign of One Vision Investments in that country.
One Vision Investments claim they have sold and traded more than a thousand SNG Global Dollar Certificates worth $100 000 each to South Africans over the past two years alone.
The Summit Network Group international business chamber has confirmed the continued high demand for SNG Global Dollar Certificates worldwide is the direct motivation behind the SNG Global Dollar Virtual Currency Financial System’s issuing of new SNG Global Dollar Certificates worth $5 Billion on Monday September 7th, 2015, which will then be followed by another issuing worth $100 Billion on Monday January 4th, 2016 and yet another issuing worth $50 Billion on Monday September 5th, 2016 and a final issuing worth $50 Billion on Monday January 9th, 2017.
The South African Reserve Bank has referred us to its “Position Paper on Virtual Currencies” [position Paper 02/2014 – Date issued: December 3rd, 2014 – File ref. no: 18/5/2-2014 which is available on the SARB website] when we requested an official response on the legal status of virtual currencies in South Africa.
The South African Reserve Bank “Position Paper on Virtual Currencies” [position Paper 02/2014 – Date issued: December 3rd, 2014 – File ref. no: 18/5/2-2014 which is available on the SARB website] inter alia indicates that virtual currencies are legal in South Africa, likewise to most countries in the world.
The Summit Network Group international business chamber is also worldwide applauded by financial regulators and law enforcement agencies for the SNG Global Dollar Virtual Currency Financial System’s support and full compliance with international laws that aims to combat money laundering and financial fraud, which is significant as it ultimately assures the public that SNG Global Dollar Certificates are not a Ponzi scheme or an investment fraud scheme of sorts.
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