Financial Emigration: Requirements and Misconceptions

By SAPeople Contributor 24-05-19 16:41

There is a lot of misinformation circling in the South African expatriate community about the amended expatriate tax law taking effect on 1 March 2020 and the process of Financial Emigration… writes Melanie Browne. We often have clients approach us where they have been subjected to scaremongering or solicited by “one-man” bands promoting their own […]

British PM Theresa May Announces Resignation

By SAPeople 24-05-19 11:44

As predicted, British Prime Minister Theresa May has announced today – Friday 24 May 2019 – that she will step down as leader of the Conservative party on 7 June, triggering a contest that will bring a new leader to power who is likely to push for a more decisive Brexit divorce deal. In an […]

South Africa’s Central Bank Leaves Repo Rate Unchanged at 6.75 %

By Reuters 24-05-19 00:09

South Africa’s central bank kept its benchmark repo rate unchanged at 6.75 % on Thursday, saying while the medium-term inflation forecast had moderated, economic growth was set to contract in the first quarter and continue to weaken. “Recent monthly inflation outcomes have remained around the mid-point of the inflation target range, in part due to […]

New Dawn: Cyril Ramaphosa Unanimously Elected as South Africa’s President

By SAPeople 23-05-19 16:43

CAPE TOWN – It’s official. South African lawmakers on Wednesday elected Cyril Matamela Ramaphosa as SA’s president in the first sitting of parliament since the ruling African National Congress (ANC) won a majority of parliamentary seats in the election earlier this month. Ramaphosa, who is also the leader of the ANC, was elected unopposed by […]

South African Deputy President Will NOT Be Sworn-In As MP Today

By Reuters 22-05-19 09:45

CAPE TOWN – South Africa’s deputy president, David Mabuza, will not be sworn in as a lawmaker on Wednesday after requesting a postponement to address allegations he brought the ruling African National Congress (ANC) into disrepute, President Cyril Ramaphosa said. Ramaphosa, who is also the leader of the ANC, is due to be elected on […]

Egypt Forces Kills 12 Suspects After Bus Carrying South African Tourists Bombed

By Reuters 20-05-19 17:51

CAIRO – Egyptian security forces have killed 12 suspected Islamist militants in Cairo, the Interior Ministry said on Monday, a day after an explosion targeting a tourist bus – carrying South African passengers – injured at least 12 of those on board. A rudimentary device containing nails and pieces of metal detonated on the perimeter […]

Zuma’s Lawyers Tell South African Court He’s Being Treated Unfairly

By Reuters 20-05-19 15:41

JOHANNESBURG – Jacob Zuma’s lawyers argued on Monday that the former South African president had been treated unfairly by prosecutors in his bid to have revived corruption charges set aside because he is unpopular in the country at large. Zuma has applied for a permanent stay of prosecution from 16 charges of fraud, racketeering and […]

How South African Govt Officials Spend Public Money on Extravagant Cars

By SAPeople 18-05-19 18:12

A Deputy Minister of Co-operative Governance and Traditional Affairs apparently wasn’t happy with the list of cars that Treasury negotiated bulk discounts on. So he asked Treasury for permission to purchase a Volvo XC90D4, at a cost of R1,118,352 to the public purse. The reason for the request was “National Treasury Transversal Contract RT57-2016/2017 does […]

South Africa’s President Ramaphosa Appoints Head of Anti-Corruption Unit

By Reuters 18-05-19 12:04

JOHANNESBURG – South African President Cyril Ramaphosa followed up his election pledge to tackle corruption by appointing a veteran lawyer to lead a newly formed anti-corruption unit, his office said on Friday. Ramaphosa has promised to root out corruption, cited by ratings agencies and investors as a major obstacle to economic reforms needed to turn […]

South African Unemployment Rises, in Challenge for Ramaphosa

By SAPeople 14-05-19 12:38

PRETORIA – South Africa’s unemployment rate inched up to 27.6% in the first quarter, official data showed on Tuesday, underscoring the scale of the economic challenge faced by President Cyril Ramaphosa after his ANC party won re-election. Ramaphosa is trying to revive the South African economy after a decade of slow growth and rising joblessness. […]

South African Government Instructs Athletics Body to Appeal Semenya Decision

By Reuters 13-05-19 18:38

The South African government said on Monday it was “instructing” the country’s athletics governing body to appeal against the Court of Arbitration for Sport decision on female eligibility that directly affects their Olympic champion Caster Semenya. Yet Athletics South Africa (ASA) maintained silence on the matter with sources telling Reuters they were still considering their […]

Ramaphosa’s Economic Reforms in Focus as ANC Adjusts to Smaller Majority

By Reuters 13-05-19 18:34

Boosting South African growth and overhauling bloated power firm Eskom are post-election priorities for the African National Congress, but a reduced majority may force President Cyril Ramaphosa to compromise on those and other economic reforms. Ramaphosa took office in February 2018 with a pledge to revive a sclerotic economy and attract foreign investors. But as […]

Loadshedding Hits Zimbabwe, Affecting Mines and Industry

By Reuters 13-05-19 11:47

HARARA – Zimbabwe has started rolling power cuts lasting up to eight hours that will also hit mines, a schedule from the state power utility showed on Monday, after reduced output at both the largest hydro plant and ageing coal-fired generators. The power cuts will add to mounting public anger against President Emmerson Mnangagwa’s government […]

WATCH Trevor Noah Shocks the US with Julius Malema and Lady Gugu

By SAPeople 17-12-20 01:41

This week US (and international) audiences of Trevor Noah’s The Daily Show were treated to more South African news than usual. There was the Caster Semenya decision (watch Trevor’s reaction here) and the SA National Elections. In one video, Trevor exposed Americans to the anti-immigration sentiment in South Africa. Sharing footage from South Africa, Trevor […]

DA Wins the Vote of South Africans Abroad

By SAPeople 11-05-19 10:50

South African expats voted overwhelmingly for the Democratic Alliance (DA), with the party scooping a 74.45% victory in the ‘out of country’ category. South Africans living or travelling abroad voted on 27 April 2019, some driving overnight or flying long distances to cast their vote. According to the IEC there were only 19,882 votes cast […]

SA Provincial Election Results: EFF and IFP Displace DA in Some Areas

By SAPeople 17-12-20 01:32

Whilst the African National Congress (ANC) remains the leader in all provinces except the Western Cape, the Democratic Alliance (DA) has lost some ground as the official opposition across the country… with the EFF stepping into that position in a few provinces, and the IFP doubling its popularity to become KwaZulu-Natal’s new official opposition party. […]

SA Election Results: South Africa Has a Clear Winner

By SAPeople 11-05-19 07:55

Vote counting in the 2019 South African National and Provincial Elections has reached the final stages with the Independent Electoral Commission’s (IEC) vote capturing process at 99.81%, shortly after 07h40. According to the leader board at the commission’s national Results Operation Centre (ROC) in Pretoria, not only was the vote capturing process at 99.81% but […]

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