Super rich dump SA
07 March 2016 - 02:31
The super-rich are fleeing the country, taking their money with them and weakening an already overstretched tax base. Experts believe that the exodus will continue as taxes on the rich - including on their often hidden offshore assets - continue to be increased.New Wealth Management, which tracks the movement and ownership of high net-worth individuals, estimates that 950 dollar millionaires left South Africa last year, up from 600 in 2014.
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