US threatens to cut funding to South Africa

The United States has threatened to cut funding to South Africa, after it emerged that South Africa is among the countries in the United Nations that is most likely to vote against the US.

The US, through its USAID programme, provides funding for South African health services (related to diseases such as HIV/Aids and tuberculosis), basic education, and assistance for small and medium enterprises. In 2016, USAID’s total foreign assistance to South Africa amounted to US$459.7-million.
Continue reading…

Enjoyed this post? Share it!

 
 

The Wine production in South Africa is drying up in the water crisis

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.
Continue reading…

Enjoyed this post? Share it!

 
 

Financial emigration: SARS and small expatriate fish

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.

The South African Reserve Bank, SARS and even the globally agreed “common reporting standards” or “CRS” want to know your movements. Even Home Affairs have climbed on this bandwagon in respect of the White Paper released last year which recommends that all South Africans abroad must report themselves correctly, for good recordkeeping and for the authorities to know their whereabouts.
Continue reading…

Enjoyed this post? Share it!

 
 

What you need to know about Setting-up a business in Ireland

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.

Continue reading…

Enjoyed this post? Share it!

 
 

Notes on Financial emigration: SARS and small expatriate fish

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.
Continue reading…

Enjoyed this post? Share it!

 
 

The Rand stays strong, trades in a tight range

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.
Continue reading…

Enjoyed this post? Share it!

 
 

What is the best way to transfer money in 2018?

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 to both regular money transfers or large one-off payments.

Where do I find the best deal?
Continue reading…

Enjoyed this post? Share it!