September 2019

The demand for critically skilled foreigners has significantly increased considering its integral role within the economic growth within South Africa.

With the pending tax changes in South Africa, due to be enforced from 1st March 2020, the EU Second Passport scheme is an attractive and enticing proposal for South Africans. The turbulent future of South Africa is driving record numbers of South African in applying for Second EU Passports.

The number of South Africans leaving the country on a permanent basis has increased “exponentially” and many are opting for the island life in Mauritius, not only for its beauty, but certainly for greater financial and tax security.

South African Expat Exemption – Need for Greener Pastures

As many know by now, the exemption on foreign income for South African tax residents has been amended, and the amendment comes into effect on 1 March 2020. Due to the harshness of the amendment, many South Africans are looking into obtaining second passports or starting a life elsewhere. The United States (“the US”) has often been an option, for those seeking the so-called “American Dream”.

South Africa’s senior IT skills are increasingly leaving the country, but this creates a series of new opportunities for local companies and IT professionals, writes Mari-Lize van Reenen, Director at Information Dynamics.