Navigating the ins and outs of foreign currency allowances can seem like a daunting task, especially if you’re not familiar with the terminology and regulations. As a South African citizen over 18, you have access to two essential allowances: the…
Load shedding has become a daily struggle for many South Africans, but there’s a glimmer of hope on the horizon. Enter Section 12BA – a game-changing tax incentive that not only promises relief from the constant flicker of lights but…
In the intricate world of international finance, terms like “Nostro” and “Vostro” accounts might sound like arcane jargon, but they play a crucial role in shaping the smooth flow of global trade and currency exchange. Picture them as the backstage…
South Africa, with its diverse economy and investment opportunities, often attracts non-residents (foreign nationals) looking to invest in the country. It is crucial to understand the implications and proper treatment of non-residents introducing funds into South Africa indirectly, such as…
In the second part of our series on non-resident property ownership in South Africa, we will delve into the intricacies of Capital Gains Tax (CGT) and share valuable strategies for non-resident property sellers. When the time comes to sell your…
South Africa, with its breathtaking landscapes and thriving real estate market, is a dream destination for non-residents looking to invest in property. However, before you embark on your property ownership journey, it is crucial to understand the ins and outs…
Dealing with a deceased estate is never an easy task, and it becomes even more complex when it involves assets across borders. In this blog post, we will break down the intricacies of managing estates that span across borders, providing…
In recent years, the landscape of employment has undergone a significant transformation. The rise of remote work, accelerated by the COVID-19 pandemic, has blurred geographical boundaries, allowing employers from around the world to hire talented South African professionals. While this…
Firstly, what exactly does Counterparty Risk mean? Counterparty risk is the probability that the other party in an investment, credit, or trading transaction may not fulfil its part of the deal and may default on the contractual obligations. Simply stated…