There is no doubt that The Bahamas is beautiful. It is an archipelago of its own kind – home to 700 islands and oceanic wildlife seen nowhere else in the world; it is a distinctly cosmopolitan centre filled with a myriad of colours and life that is better experienced than described.

South Africa hopes to install an honorary consul for the Bahamas to further strengthen ties between the two countries. There is particular interest in the Freeport shipping sector with a view of possible utilisation for South Africa.

Since they established their diplomatic relations after the end of apartheid in 1994, South Africa and the Bahamas have been working towards stronger economic and cultural ties.

The adage "there is a big difference between a business idea and a business opportunity" is the basis for the Business Insights session at the Bahamas Financial Services Board's (BFSB) 2011 International Business & Finance Summit (IBFS).