Clearing up misconceptions around South African retirement savings and moving abroad
There has been much confusion in the expat community since the concept of formal emigration through the South African Reserve Bank was phased out, effective 01 March 2021. These changes seem to have raised more questions than they’ve answered, so we’ve put together...
Financial emigration from South Africa is cancelled – now what?
In an effort to simplify and modernise South Africa’s antiquated exchange control a number of changes were made that resulted in the process of formal emigration being phased out. Previously, South Africans who had permanently relocated abroad could have their...
Open a bank account in South Africa
Let’s talk about banking convenience for a bit. Picture this; you have painstakingly packed the boxes, closed your local accounts, said the tearful goodbyes, clutched your paperwork, and treaded hesitantly through airport security. A new life awaited you on the other...