Thousands of high net worth individuals are flooding out of South Africa, taking their skills, wealth, and business-building capabilities with them.
The country has been on a drive to attract major foreign investment, and it is paying off.
There are multiple ways for South Africans to gain secondary citizenship.
A survey conducted by online market research group InfoQuest shows that one in five working South Africans is either actively making inquiries about leaving the country or are already on their way out the door.
The looming threat of an additional ‘wealth tax’ in South Africa to fund a universal basic income grant will further erode the country’s tax base, as wealthy South Africans move to emigrate or offshore their assets to avoid higher taxes,…
© 2022, Instive. All rights reserved
