Strengthening Connections: Why the Isle of Man and South Africa Are Natural Partners in Global Business
As we prepare for this month to the next Mandeba Island in South Africa, it gives me reason to reflect on the long and lasting connection between South Africa and the Isle of Man. While separating through geographical regions, our two regions have long-term business relationships built on trust, shared values, and forward-looking approaches to international business. I also happen to be from Durban, South Africa, but since 2018 I have been proud to call the Isle of Man home.
For many South Africans, the Isle of Man is already a familiar name. It has long been a stable and well-regulated international business center that provides certainty in a changing world. But besides financial services, there is a broader story to tell – one that dates back a century.
The common history of enterprise and exploration
The connection between our two regions is nothing new. In the early 1900s, Manx engineers and miners traveled to South Africa to apply their expertise to the booming mining industry. Figures like Joseph Mylchreest of Diamond King helped shape the industry through their connections with Kimberley and later De Beers.
Recently, the new wave of South Africans has chosen the Isle of Man as their home, especially in Egma and banking. Attracted by the island’s stable regulatory environment and pro-business approach, many have achieved success here, contributing to one of the world’s most respected digital economies. These connections are deeply rooted in history, but have evolved with the times – what makes our relationship so strong.
Reduce and stabilize risks in a changing world
In uncertain times, stability is a valuable commodity. The Man Island provides a political and economically stable jurisdiction, with a sound legal framework and is known for its outstanding regulatory reputation. For South Africans, such as currency fluctuations, changing regulatory requirements and broader global uncertainty, it is crucial to have priority on maritime partners with long-term security.
By establishing international assets and businesses on the Isle of Man, South Africans can benefit from the kind jurisdiction of financial institutions and investors. This is not about avoiding responsibility, but about ensuring sustainability, resilience and growth in an increasingly complex global economy.
Build bridges, not just commercial transactions
The relationship between Isle of Man and South Africa is built on more than just financial transactions, it is built on relationships, trust and shared ambitions.
Our visit is an opportunity to interact directly with South African entrepreneurs, business owners, wealth managers, and legal and accounting professionals, answer their questions and provide practical insights on how the Human Island supports their global aspirations. Whether it’s discussing family wealth preservation, corporate structure, or the regulatory advantages of our jurisdiction, we are here to discuss solutions tailored to each customer’s needs.
Looking to the future: The future of collaboration
When we launch this Indaba, we are strengthening the role of the Human Island as a strategic partner for South African businesses and families. The world is growing, and so does our approach to international business. By working together, we can ensure that South African businesses and individuals have access to jurisdiction to support their ambitions.
Man Indaba Island Return to SA
Man Indaba Island is an annual roadshow, returning to South Africa in March, visiting six cities in nine days, bringing nine leading human companies, answering wealth managers, accountants, financial advisers, legal and tax professionals, business owners, compliance personnel, compliance personnel and anyone interested can play a stable jurisdiction in a stable jurisdiction. Can be www.iom-za.org.
Lyle Krause is an experienced client relationship professional with experience in marketing and advertising, telecommunications, IT and financial services.
Lyle decided to move to Isle Isle with his young family in 2018 and moved it to his home in 2018. The partnership with the ATLA Group gives him the opportunity to regularly connect with his network in South Africa, and will also travel to the region regularly in addition to being part of Man Indaba Island.
His passion for building, building and fostering long-standing relationships is where he is most accomplished and he looks forward to finding ways to connect his South African network with opportunities for existence on the Isle of Man.
Lyle Krause, Global Relations and Marketing Manager, ATLA Group
