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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It’s time to take your money out of South Africa
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Economist Dawie Roodt has advised South Africans to take their money out of the country amid looming downgrades which would send the economy into another recession. Speaking to IOL following the release of the auditor general’s report on the financial health of state-owned entities last week, Roodt said that the country is in dire straits…
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