VDT VS ESKOM

The soccer match between VDT and Eskom was highly anticipated since the beginning of the year and the atmosphere was tense as both teams wanted to end the season on a high note. Both teams had ample support and everybody was looking forward to the match. The match was very tight and Eskom only managed to clinch the game in the dying minutes. Regardless of the loss, it was a very enjoyable game of football where new friendships were made. This game will definitely become a regular fixture between the two teams.
January 19, 2015
Navigating financial emigration

Navigating financial emigration

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.

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