SARS – LONDON

The Untouchables in a Gangster's Paradise? Is it reasonable or ethical to make use of companies that do not consider themselves to be held accountable, for their actions in any private or public enterprise? While Big Tech like Facebook, Twitter, Google, Youtube and Instagram has become seemingly untouchable, even from the US Supreme Court or Whitehouse, the same culture of supremacy, greed, lack of accountability, lack of transparency, and lack of responsibility seems to have created and sustained an environment in South Africa where IT negligence is acceptable, and lack of accountability is the norm, even when it comes to government institutions, contracts and tenders. Just a few of the institutions in South Africa that have had their systems breached just over the last few weeks include: Transnet, Department of Justice, SA Space Agency, African Bank to name but a few, so the situation in South Africa has really gotten serious, yet no one is talking about it, especially not…

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 …