One of the obvious results of endemic corruption and chronic mismanagement, is that investors start to withdraw and tax revenues start drying up. Local and international lenders are wary of providing new funds to a government that is simply sinking away into further debt. The ANC is thus looking at forcing local pension funds (which are subject to exchange controls) to invest in government debt (bonds issued by state companies like Eskom). Similarly, they now want SA local banks to invest in inefficient coal mines.

https://www.businesslive.co.za/bd/national/2019-05-06-anc-wants-to-force-banks-to-invest-in-new-coal-mines/

How can we help?

Financial Emigration from South Africa is not a difficult process. You simply need to have all the detail ready and in the correct order. Next you need to know where to submit and who to deal with at each institution from the SA Reserve Bank, SARS, banks and insurance companies. At Expatri8 we empower you to do-it-yourself for a fraction of the price charged by other service providers. Identity theft is a real risk nowadays and therefore doing it yourself means you do not have to share your sensitive personal information with a middleman. Contact us today for a non-obligatory quote.