Easy alternative to physically emigrating is investing overseas, says economist

Every skilled professional coming to South Africa, eight are leaving, and the number of black professionals leaving is on the rise, according to a study by Enterprise Observatory of South Africa.

Chief Economist from the Efficient Group, Dawie Roodt talks to Kieno Kammies about South Africans leaving.

Roodt says people do this in a number of ways. Some only move their money out of the country and others physically emigrate to another country.

Roodt provides financial advice to people considering leaving.

So there are many ways of emigrating, but what I have picked up over the last couple of years, is that emigrating is sort-of a standard option. It's not an unusual thing as we saw in the past. It's something that people consider all the time.

Dawie Roodt, Chief Economist - The Efficient Group

He says people considering emigration as a back-up option, position themselves in such a way to make this a possibility.

It's all about managing investment risk, he says.

Business people learn to manage their risks in South Africa and can yield high returns.

In South Africa, you can get a return of nearly 9% on the bond market, while in the United States you get less than 2%.

Dawie Roodt, Chief Economist - The Efficient Group

The reason for this large difference is due to perceived risks in South Africa, explains Roodt.

And he says he does not only deal with the very wealthy and a wide range of people are diversifying their portfolios offshore.

Anyone can take money out of South Africa and they do. It has become so easy to take money out - an individual can take out up to R11 million annually.

Dawie Roodt, Chief Economist - The Efficient Group

Listen to Roodt's insights below:


This article first appeared on CapeTalk : Easy alternative to physically emigrating is investing overseas, says economist


Recommended

by NEWSROOM AI
Read More
Working abroad? New rules are coming! You're probably breaking the existing ones

Working abroad? New rules are coming! You're probably breaking the existing ones

Bruce Whitfield interviews Warren Ingram, a Personal Financial Advisor and Executive Director at Galileo Capital.

[LISTEN] What are the factors driving emigration?

[LISTEN] What are the factors driving emigration?

Emigration specialist Craig Smith says countries like New Zealend and Australia have become an option for more South Africans.

Business in Africa: South African immigration numbers hit record high

Business in Africa: South African immigration numbers hit record high

Refilwe Moloto says reports suggest that there has been an increase in South African immigrants to the UK in recent times.

South Africans expected to break emigration record this year

South Africans expected to break emigration record this year

Experts say they have seen a 22% increase in South Africans interested in relocating to the UK over the past two years.

ADvTECH blames emigration for muted growth in student numbers

ADvTECH blames emigration for muted growth in student numbers

The Money Show’s Bruce Whitfield interviews ADvTECH CEO Roy Douglas.

South Africans looking to emigrate increasing - expert

South Africans looking to emigrate increasing - expert

Inquiries about emigration shot up by 250% per day after Zuma announced his latest Cabinet reshuffle say immigration experts.

ANC loses 3 metros/Brexit/Trump… how these unexpected events will impact in 2017

ANC loses 3 metros/Brexit/Trump… how these unexpected events will impact in 2017

Personal finance guru Warren Ingram discusses this and answers listeners’ questions on emigration and Tax Free Savings Accounts.

South Africans set sights abroad - migration consultants

South Africans set sights abroad - migration consultants

There is a growing number of South Africans exploring their options about leaving the country, some citing the current political climate.

Popular articles
[WATCH] 'Fourth industrial revolution' braai has social media talking

[WATCH] 'Fourth industrial revolution' braai has social media talking

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Pre-school class erupts as boy returns from RWC, goes viral

[WATCH] Pre-school class erupts as boy returns from RWC, goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

We’ll shut you down! – unions to SAA ('overstaffed by any measure globally’)

We’ll shut you down! – unions to SAA ('overstaffed by any measure globally’)

The money-pit airline is fighting for its life. Bruce Whitfield interviews Theto Mahlakoana, a senior political reporter at EWN.

'KZN ideal tornado climate, but no evidence it's consequence of climate change'

'KZN ideal tornado climate, but no evidence it's consequence of climate change'

Wits University's Global Institute climate modeller professor Francois Engelbrecht explains why a storm hit the area on Tuesday.

KFC couple asks for time as they deliberate on wedding plans

KFC couple asks for time as they deliberate on wedding plans

The man who proposed at KFC says the outpouring of love and support has left him and his partner speechless.

[WATCH] Gay teen fights back against school bully as teachers do nothing

[WATCH] Gay teen fights back against school bully as teachers do nothing

Khabazela shares tweets and Facebook posts that have gone viral.

Farmer heartbroken as he watches animals die, says drought relief would help

Farmer heartbroken as he watches animals die, says drought relief would help

A Limpopo farmer and a Wits academic discuss the water crisis in South Africa that is affecting the agricultural industry.

[VIDEO] Family saved from being hit by speeding SUV goes viral

[VIDEO] Family saved from being hit by speeding SUV goes viral

Khabazela shares tweets and Facebook posts that have gone viral.