'It will revolutionise SA': Points-based and nomad visas coming in 30 days
South Africa plans to roll out a points-based system to issue work visas as well as permits for people who want to live in the nation while working remotely for organisations based elsewhere within 30 days.
"A person who is employed and paid in another country will now be able to move to sunny South Africa to spend all of their dollars, yen, euros, pounds or renminbi right here," he said in a speech. Nomad workers only need to register with the tax agency if they spend more than six months of the year in the country, he added.
Schreiber is a member of the Democratic Alliance, which finished second in May 29 elections that failed to produce an outright winner. He got one of six cabinet posts allocated to the party after President Cyril Ramaphosa set up a coalition government. The presidency and the country’s main business organisations have flagged the regime as a hurdle to economic growth that’s averaged less than 1% over the past decade — insufficient to cut a 33.5% unemployment rate, among the world’s highest.
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