Expat South Africa News

Latest 10 news items tagged South Africa

27 Jan at 3 PM 2015

Former Sky worker turned fighting for her life in Caribbean

Ex-Sky TV worker Kate Clayton is fighting for her life after being involved in a car crash on the island of Grand Cayman in the Caribbean. Thirty-year-old Clayton, who moved to the Caymans in December 2013 to become a diving instructor, has been left in a coma after suffering severe injuries when she lost control of her 4x4 Jeep Wrangler when driving home at night time, swerving off the road at a tight corner and crashing headfirst into a tree. She broke her neck and her pelvis in the accident and has also been left with serious back...
26 Jan at 2 PM 2015

Copenhagen and Bern lead the way in expat liveability index

Copenhagen and Bern are the easiest places for Europeans to relocate to, according to a new index by ECA International. The organisation, which advises firms on posting workers on foreign assignments, evaluated more than 450 locations across the world. Among the things it evaluated were: the lifestyle on offer in a city; the availability and cost of housing and utilities; the availability of health services; the climate; political tensions; the quality of air; personal safety; and infrastructure. ECA noted that that factors such as...
31 Dec at 10 AM 2014

Illegal expats in Oman to be offered amnesty

Expatriates in the Gulf state of Oman who have overstayed their working visas and are now in the country illegally are to be offered amnesty, a government spokesperson has revealed. The Ministry of Manpower’s head of media Talib Al Dhabari explained that the country wanted to regulate its labour market so was preparing to offer amnesty to overstaying expats or individuals who had been stuck in the Sultanate indefinitely in the near future. Al Dhabari noted that amnesty - which is expected to help thousands of workers from India,...
8 Dec at 6 PM 2014

Abu Dhabi expat murder not linked to terrorist group

The Emirati women facing charges for murdering US kindergarten teacher Ibolya Ryan in Abu Dhabi last week has no connections to any terrorist groups, an official security source has said. The woman, believed to be in her late thirties, is suspected of brutally murdering the nursery school teacher in the ladies toilets in the Boutik Mall on Reem Island. She is also suspected of leaving a homemade bomb outside the residence of an Egyptian-American doctor which police managed to defuse before it went off. However, Abu Dhabi state news...
6 Nov at 6 PM 2014

Hidden financial and legal hurdles cause most expat stress

A recently released survey warns that would-be expats seeking a new life overseas should watch out for hidden hurdles such as tax and currency issues or unfamiliar legalities. Up to 400,000 Brits emigrate every year, with most citing a more relaxed lifestyle as a major reason for their life-changing decision. However, the survey revealed that it’s not the most alien destinations as regards language and culture which cause the most stress – it’s mostly all-time favourite English-speaking countries such as Australia and the...
28 Oct at 6 PM 2014

US expat woes increase thanks to FATCA

A recent survey undertaken with a sample of US expats living in popular destinations revealed that almost three-quarters of respondents had considered voluntarily renouncing their citizenship to avoid the onerous FATCA requirements. The complications of endless form-filling, the threat of being barred from opening local bank accounts and the invasion of personal financial privacy have already resulted in an unprecedented number of US expat citizens giving up their passports. According to the survey, 73 per cent of respondents admitted...
14 Oct at 6 PM 2014

British banks closing accounts held by expats with no UK address

The recent move by British banks to close down long-standing current accounts owned by UK expats is causing major problems in overseas retirement destinations. A number of British banks, including Santander and Lloyds, have recently closed down the current bank accounts of expats living overseas, giving them little time to rearrange their finances and causing problems with pension payments, overseas withdrawals and purchases in the host country. The majority of destinations popular with UK expat retirees and those working on contract...
19 Sep at 6 PM 2014

EU court rules against Spanish inheritance tax discrimination

Expats with properties in Spain and holiday home owners are to benefit by an EU court ruling allowing them the same range of tax relief options as Spanish citizens. Discrimination against non-residents as regards tax liabilities has long been an issue amongst UK expat property owners who spend time in both countries. By the use of tax relief options, residents’ taxes can be cut to around zero, but the same options have not been granted to part-time expat residents owning holiday homes. The European Court of Justice stated that...
9 Sep at 6 PM 2014

Expat investors lose 50 million in Isle of Man Louis Group crash

The liquidators of a sector of the Isle of Man-based Louis Group have revealed that millions of pounds sterling are missing from the accounts of the disgraced financial firm. In yet another disastrous indication that the casino culture is alive and well in expat financial jurisdictions, the collapse of the company has resulted in losses to investors of at least £60 million. Just £10 million is left to be shared amongst the 700 people duped, many of whom are UK expats. Most investors put in between 10 and 30 thousand pounds...
5 Sep at 6 PM 2014

Expat and UK resident investors slate life companies over LMIM losses

As lawyers in the UK and Australia prepare court cases on behalf of victims of the largest financial scandal to hit Australia in decades, many are accusing life companies of a lack of due diligence. The failure of LMIM and its Managed Performance Fund (MPF) has devastated savers and investors in expat locations such as Hong Kong, the UAE, Thailand and the rest of Southeast Asia as well as many in the UK, Europe and Australia. Total losses are running at around AU$369 million, and investors have been warned to expect no more than five...