What South African expats need to know about financial emigration and recession

With the South African economy currently in recession, lessening the effects of Rand volatility is a top priority for many people at the moment. Many expatriates have retirement funds and other assets in South Africa that they would like to withdraw and transfer offshore. This is known as the process of financial emigration. SAFFA.com had a look at the most common questions about this process below. What exactly is financial emigration? Financial emigration is the process of officially changing your status with the South African Reserve Bank (SARB) from a permanent resident, or resident living temporarily abroad, to that of a non-resident of South Africa. This means that you have permanently left South Africa and relocated abroad. The process of financial emigration is daunting and admin-heavy. The average turnaround time to complete the entire process is three months. We recommend using an experienced, certified South African financial emigration specialist to complete the …
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Weekend travel information for 10 August 2018

Here is our weekly travel update to help you get around London this weekend,11 and 12 August, and also the following week. Most of the network will be open with services running as normal, so you’ll be able to get wherever you need to go, but to ensure your journey goes smoothly please check if any of the following affect you.

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London Underground Bakerloo line On Sunday 12 August, there will be no service between Queen’s Park and Harrow & Wealdstone. This is due to Network Rail track work. Central line Trains will not stop at Bank station from 00:30 on Saturday 11 and all day Sunday 12 August. Enter and exit at Liverpool Street or St. Paul’s instead. This is due to platform engineering work. During Night Tube hours on Saturday 11 and Sunday 12 August (00:30 until 05:30), St. Paul’s st…
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Weekend travel information for 27 July 2018

Here is our weekly travel update to help you get around London this weekend, 28 and 29 July, and also the following week. Most of the network will be open with services running as normal, so you’ll be able to get wherever you need to go, but to ensure your journey goes smoothly please check if any of the following affect you. Prudential RideLondon The annual Prudential RideLondon weekend festival of cycling is taking place over the weekend. The routes will be closed to traffic. Road users are advised to avoid the affected areas wherever possible. Buses will be on diversion or stop short of their destinations. Tube and Rail will be the best way to get around during the weekend.

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On Saturday, the event route is in central London. Some roads will be closed from 05:00 until 19:30. On Sunday, t…
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Weekend travel information for 20 July 2018

Here is our weekly travel update to help you get around London this weekend, 21 and 22 July, and also the following week. Most of the network will be open with services running as normal, so you’ll be able to get wherever you need to go, but to ensure your journey goes smoothly please check if any of the following affect you. Kennington improvements Until mid-September, the Northern and Victoria lines, and some stations, are likely to be busier. Bank branch Northern line trains will not stop at Kennington while we carry out essential work to make it quicker and easier to change between branches, ready for the Northern Line Extension. London Underground Central line From 05:00 on Saturday 21 until 05:00 on Sunday 22 July, Central line trains will not stop at Bank station. This is due to platform engineering work. Circle line On Saturday 21 and Sunday 22 July, there will be no service on the entire line. This is due to line modernisation and signal te…
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Weekend travel information for 13 July 2018

Here is our weekly travel update to help you get around London this weekend, 14 and 15 July, and also the following week. Most of the network will be open with services running as normal, so you’ll be able to get wherever you need to go, but to ensure your journey goes smoothly please check if any of the following affect you. London Underground Central line From 00:45 on Saturday 14 and all day Sunday 15 July, Central line trains will not stop at Bank station. This includes Night Tube. For Bank, exit at St. Paul’s station. This is due to platform engineering work. Metropolitan line On Saturday 14 and Sunday 15 July, there will be no service between Aldgate and Wembley Park. This is due to ballast and track replacement work. London Overground On Saturday 14 and Sunday 15 July, there will be no service between Clapham Junction and Willesden Junction. This is due to Network Rail infrastructure work and Earls Court development work. Buses Bus users …
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Weekend travel information for 6 July 2018

Here is our weekly travel update to help you get around London this weekend, 7 and 8 July, and also the following week. If you are visiting Pride or watching England this weekend, most of the network will be open with services running as normal, so you’ll be able to get wherever you need to go, but to ensure your journey goes smoothly please check if any of the following affect you. Pride London From 08:00 until approximately 20:00 on Saturday 7 July, the following roads will be closed from Portland Place to Whitehall. From 08:00, Portland Place and Langham Place; from 09:00, Regent Street between Oxford Circus and Piccadilly Circus; from 10:00, Piccadilly, Shaftesbury Avenue, Regent Street St James, Whitehall, Horse Guards Avenue and Trafalgar Square and approaches including Charing Cross Road southbound, Strand westbound and Northumberland Avenue westbound; from 10:30, Oxford Street and Regent Street between Mortimer Street and Oxford Circus. From 06:00, Pall …
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Weekend travel information for 29 June 2018

Here is our weekly travel update to help you get around London this weekend, 30 June and 1 July, and also the following week. Most of the network will be open with services running as normal, so you’ll be able to get wherever you need to go, but to ensure your journey goes smoothly please check if any of the following affect you. Kennington improvements Until mid-September, the Northern and Victoria lines, and some stations, are likely to be busier. Bank branch Northern line trains will not stop at Kennington while we carry out essential work to make it quicker and easier to change between branches, ready for the Northern Line Extension. London Underground District line On Saturday 30 June, there will be no service between Aldgate East and Upminster. This is due to Line Modernisation work. On Sunday 1 July, there will be no service between Embankment and Upminster. This is due to Line Modernisation work. Hammersmith & City line On Saturday 30 June…
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New visa rules good news for South Africans looking for work in the UK

The UK Home Office has announced that it will henceforth no longer include doctors and nurses in the cap on the Tier 2 Visa cap. This is according to immigration consultants Breytenbachs, which notes that every month, since December 2017, the monthly quota for the Tier 2 Restricted Certificates of Sponsorship (CoS) was reached. “Many UK businesses that applied for Restricted Certificates of Sponsorship (CoS) to employ non-EU workers were not able to obtain the CoS they require,” it said. “When a CoS is not issued, the employing company subsequently has to wait for the next monthly round of allocations of the Restricted Certificates of Sponsorship. Furthermore, it is not only a waiting game, but they have to lodge a new CoS application for consideration each month to be considered,” it said. “The implication was a growing shortage of staff at the National Health Service (NHS) in the UK, as well as a negative impact on other sectors in the UK economy. Note, however, that cert…
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Weekend travel information for 22 June 2018

Here is our weekly travel update to help you get around London this weekend, 23 and 24 June, and also the following week. Most of the network will be open with services running as normal, so you’ll be able to get wherever you need to go, but to ensure your journey goes smoothly please check if any of the following affect you. London Underground Circle line From Saturday 23 to Sunday 24 June, there will be no service between Paddington and Hammersmith. This is due to Line Modernisation work. Hammersmith & City line From Saturday 23 to Sunday 24 June, there will be no service between Paddington and Hammersmith. This is due to Line Modernisation work. London Overground After 22:30 tonight, Thursday 21 June, there will be no service between Hackney Downs and Chingford. This is due to Network Rail track work. On Sunday 24 June, there will be no service between: • South Tottenham and Barking, due to Network Rail infrastructure work • Sydenham and C…
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Weekend travel information for 15 June 2018

Here is our weekly travel update to help you get around London this weekend, 16 and 17 June, and also the following week. Most of the network will be open with services running as normal, so you’ll be able to get wherever you need to go, but to ensure your journey goes smoothly please check if any of the following affect you. London Underground Central line From 05:00 on Saturday 16 until 05:00 on Sunday 17 June, trains will not stop at Bank station. This is due to platform engineering work. District line On Sunday 17 June, there will be no service between Turnham Green and Richmond. This is due to Network Rail track work. London Overground On Sunday 17 June, there will be no service between: • Willesden Junction and Richmond, due to Network Rail track work • Hackney Downs and Chingford until 08:00, due to Network Rail track work • Highbury & Islington and Shadwell after 21:15, due to Crossrail construction work • Surrey Quays and New Cross…
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