With the South African economy currently in recession, lessening the effects of Rand volatility is a top priority for many people at the moment. Many expatriates have retirement funds and other assets in South Africa that they would like to withdraw and transfer offshore. This is known as the process of financial emigration. SAFFA.com had a look at the most common questions about this process below.
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What South African expats need to know about financial emigration and recession
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The Wine production in South Africa is drying up in the water crisis
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South Africa is set for a steep decline in wine production in 2018 as the country grapples with a water crisis ravaging Cape Town and surrounding areas, a Paris-based global organisation said Tuesday.
Africa’s top wine producer is set to produce 8.6 million hectolitres of wine this year, down 20.4 percent down from 2017, the International Organisation of Vine and Wine (OIV) said in a statement.
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What you need to know about Setting-up a business in Ireland
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Ireland promotes business growth and entrepreneurship with three different schemes for setting up your own business within its borders. If it has always been your dream to set up your business, then Ireland might be the place for you. The country is experiencing big economical growth and Ireland’s tax system has very good rates for businesses.
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Notes on Financial emigration: SARS and small expatriate fish
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Emigrating from South Africa is not as simple as packing up your bags, jumping on a plane and setting up shop somewhere else.
Unfortunately, there is still the issue of tax and no matter where you go, the taxman remains interested.
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The Rand stays strong, trades in a tight range
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The Rand has been buoyed by positive sentiment since last week’s Budget speech and rumours of a Cabinet reshuffle on the cards at the ANC National Executive Committee. Further support was expected during and after last night’s reshuffling of Malusi Gigaba and the reappointment of Nhlanhla Nene as Finance Minister. While the news has been..
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What is the best way to transfer money in 2018?
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When it comes to moving money back to South Africa, the costs can become substantial as well as complicated. The wide range of exchange rates and transfer fees available from different services only make the process even more confusing. Thankfully, there are ways to make the process both simpler and more cost-effective when it comes..
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What is the best way to transfer money in 2018?
Posted on Leave a comment
When it comes to moving money back to South Africa, the costs can become substantial as well as complicated. The wide range of exchange rates and transfer fees available from different services only make the process even more confusing. Thankfully, there are ways to make the process both simpler and more cost-effective when it comes..
Continue reading…