The Budget 2023/24 last week contained one very frank, but also deeply worrying, acknowledgement on how frustrated government and foreign investors have become with the South African Home Affairs.
Will President Ramaphosa’s SONA announcement on reforms to attract foreign talent really benefit South African critical skills employers? “We certainly welcome these initiatives as a win for organisations that are desperate to acquire scarce skills that are not available locally,” says Marisa Jacobs, Managing Director at Xpatweb.
In the midst of growing international restrictions on foreign property investors, South Africa remains a welcoming haven to these buyers.