• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

RM

Young expats want to return

Aug 16 2011 14:08

Related Articles

Many expats want to come home

Australia still safer, says SA expat after murders

 
Johannesburg - Extreme weather, political protests, financial upheavals and declining job opportunities across Europe and the US are prompting a return by many South African expatriates, property group Chas Everitt International said on Tuesday.

"Even before the street violence that hit London recently, we were receiving several calls and internet enquiries a month from expats planning to return to South Africa and starting to look for homes here," managing director Berry Everitt said.

The group was also receiving enquiries from South Africans finishing up work contracts abroad and preparing to come back, he said.

Concerns

Concerns about unrealistic and unwieldy immigration processes, the nationalisation of assets and rising taxes were also deterrents for expats thinking of coming back to South Africa.

He said many of the expats they spoke to did not discount the crime rate and "serious weaknesses in the education and health systems" either, especially if they had families.

The most interest was coming from younger people without these ties, and the prevailing attitude among them seemed to be that there were major problems all over the world.

He said the younger people would rather be where they had a supportive network of family and friends and could "face any difficulties in a familiar cultural and financial framework".

However, for some the motivation was purely financial, Everrit said.

"(They) are trading on the fact that many South African companies are currently prepared to offer excellent packages to skilled expats who will work in South Africa - even if they only stay long enough to train a local replacement."

Everitt said the properties most favoured by expats contemplating a return were 'lock-up-and-go' homes in estates and security complexes, priced at between R850 000 and R1.2m.



corruption  |  health

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
206 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

Exciting new luxury SUV arrives in SA!
WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...