Contact
BEE | Phatshoane Henney Group

Phatshoane Henney Group Transformation Report 2020/21

It is our privilege to present this fourth Group Transformation Report for the periods 2020/21. Despite the challenges to the legal industry over the past two years, largely due to the impact of the Covid-19 pandemic, the contributions of our member firms to transformation over the preceding two years, have on the whole managed to eschew the trend with member firms demonstrating an impressive commitment to transformation despite their own pandemic challenges.

The Group’s long-held commitment to transformation has ensured that transformation is seen not only as an economic commitment susceptible to a firm’s financial position, but is embraced as a social imperative able to weather the onslaught of events like the pandemic.

With Group member firms spending nearly R500 million on BEE and transformation during 2020 and 2021, this Group Transformation Report for the periods 2020 and 2021, confirms the substantial progress being made across the Group in advancing transformation and shows how the Group sets the standard for transformation in the legal industry.

We invite you to have a look at the Group Transformation Report for 2020/21 by either downloading the document above, or clicking on the link to view it as e-book.

March 10, 2022
Navigating financial emigration

Navigating financial emigration

by | Apr 16, 2025 | , , , ,

In recent years, South Africa has seen a notable rise in financial emigration. This shift comes with significant tax implications, as individuals who cease to be tax residents must navigate complex regulations and financial considerations. Understanding these implications is crucial for anyone considering this move. Financial emigration refers to the formal process by which South African taxpayers alter their tax residency status, change their status with the South African Reserve Bank (SARB) for exchange control purposes and relocate their financial assets to other countries. This often involves transferring wealth, investments, and retirement funds offshore. The South African Revenue Services now mainly oversees this process, allowing individuals to terminate their tax residency in South Africa while effectively transferring their finances overseas.

Sign up to our newsletter

Pin It on Pinterest