Only partially true: US importers will largely shift to suppliers that don’t have the tax, unless SA exporters can still undercut them. This means SA selling for less, and cutting costs. The only time it wouldn’t matter to SA exporters is if they have a ton of alternative buyers willing to pay...
Good of you! I do something similar - in SA you can give up to R150k/y tax free - rather than letting the state take it from your estate.
Best of luck spending. Enjoy it - one word of perhaps caution or perhaps comfort. I have a family member who had a heart attack and open heart surgery in...
Perhaps at the beginning. But the trade off is that you get paid a lot more, get to live in one the most desirable cities in the world, far less exposure to crime, have far more career opportunities, and eventually have other options than London proper if that’s what you want.
Because they now have money to travel and no longer have to think of an international holiday as wasting money, especially if it’s to visit family .
Also, places like Cape Town are genuinely nice holiday destinations, especially during northern hemisphere winter.
It’s back! When y’all moving to Johannesburg?
https://mybroadband.co.za/forum/threads/johannesburg-is-better-than-london-for-young-professionals.1342211/
"TWAK"?
That's true in most places. There's a reason why the cost of living is expensive: it's because nearly everyone wants to live there, especially professionals with money. For professionals, that's a huge advantage - career opportunities, social opportunities, travel, life experiences...
Most of the people I know who have become wealthy from owning specific stocks have done it entirely by accident due to working at the company, getting RSUs at the company, and not having the sense to diversify.
I’m expecting that my investment income will exceed my work income in the next year or two. Should be on track, unless the market crashes, or I get a massive increase (I would prefer the latter…).