As South Africa struggles to free itself from the grip of the Covid-19 pandemic, some of the country’s high-net-worth individuals have been looking for ways to move abroad
According to international law firm Harvey Law Group, there has been a rapid increase in enquiries from South Africans about emigration, particularly in the second quarter of this year, to countries including Canada, the UK and Australia.
He added that there were a number of reasons people in higher income brackets wanted to leave South Africa, but the most prominent ones related to crime and security, more business opportunities, better education for their children and a better quality of life. He estimates that at least 25 000 South Africans emigrate per year, while the UN estimates that the number of South African-born people residing outside the country has increased from 330 000 in 1990 to well over 1 million this year.
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