South Africa is seeing massive capital flight right now: economist

The rand has and other international currencies have weakened in recent months due to the strength of the US/dollar, but this moderation is not surprising, says John Cairns, global markets strategist at Rand Merchant Bank.

South Africa is losing R55 billion in taxes a year: study

The Tax Justice Network (TJN) has published its annual tax justice report, showing countries are losing a total of $483 billion in tax a year to global tax abuse committed by multinational corporations and wealthy individuals.

Advisory group says South Africa’s middle-income status is coming to an end

South Africa’s political and economic decline is accelerating and the country risks becoming a lower-middle-income nation by 2028, a model developed by Eunomix Business & Economics  shows.

How many South Africans have moved to Portugal via its Golden Visa programme

Since the programme opened in 2012, Portugal’s Golden Visa (GVP) has been a popular choice for South Africans seeking offshore investment and European residency, says Andrew Rissik, a managing director at Sable International.

South African consumers are running out of money before the end of the month – and salaries are shrinking

New data published by financial services firm Sanlam shows that South African consumers are struggling to shake off the impact of the Covid-19 pandemic on their finances.

The South African billionaire climbing Australia’s rich list

Australian newspaper, the Financial Review, has published its list of the 200 richest people in the country, which includes South African-born businessman, Ivan Glasenberg.

Unions push for more wealth taxes in South Africa

South Africa’s largest trade federation Cosatu has called for the introduction of new wealth taxes in South Africa.

South Africans are buying apartments in Mauritius – here’s how much a residency-by-investment costs

With several airlines having resumed flights to Mauritius, Phase 4 in the Mont Choisy Golf & Beach Estate in Grand Baie is also set to take off as buyers begin flocking in to view the site, says Richard Haller, director of Pam Golding Properties Mauritius.

SARS signs heavy-hitter to go after wealthy taxpayers in South Africa

The South African Revenue Service (SARS) has appointed Natasha Singh, a chartered accountant with more than 20 years of experience, as the new director of its High Wealth Individual (HWI) Segment.

Here’s how much top CEOs are paid in South Africa – and why things are about to change

More than a third of the CEOs of South Africa’s largest listed companies did not receive a salary increase in 2020 as the Covid-19 pandemic hit, but 80% of JSE listed companies still managed to pay out bonuses to executives – even as workers in other parts of the economy experienced reduced working hours or were laid off.

What the Pandora Papers mean for taxpayers in South Africa

Nearly 12 million financial records known as the Pandora Papers were recently leaked and put into the public domain, revealing the offshore financial assets of many internationally recognised figures.

How much money you need to retire comfortably in South Africa, according to experts

The 2021 edition of the 10X Retirement Reality Report points to a deteriorating pension outlook for South Africans.