Leaving South Africa physically is no longer enough to escape the reach of the South African Revenue Service (SARS). According to experts John-Paul Fraser and Vivian Cox from Tax Consulting South Africa, high-net-worth individuals who attempt a "silent exit"—relocating offshore without formally ending their tax residency—face significant financial risks. Tehillah Niselow spoke to Thomas Lobban MD at Ibex Consulting.

Leaving South Africa physically is no longer enough to escape the reach of the South African Revenue Service (SARS). According to experts John-Paul Fraser and Vivian Cox from Tax Consulting South Africa, high-net-worth individuals who attempt a "silent exit"&mdash;relocating offshore without formally ending their tax residency&mdash;face significant financial risks. Tehillah Niselow spoke to Thomas Lobban MD at Ibex Consulting.

POWER Business is on every week with Nosipho Radebe, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

POWER Business is on every week with Nosipho Radebe, offering a wrap-up of the day&rsquo;s business news, analysis of market trends and advice on all money-related matters. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

The POWER Business Show

POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Tehillah Niselow interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

POWER Business is on every weeknight, offering a wrap-up of the day&rsquo;s business news, analysis of market trends and advice on all money-related matters. Tehillah Niselow interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

POWER Business

SARS warning for wealthy taxpayers leaving South Africa

Global markets have shifted to a "risk-off" stance as investors await President Trump’s 8 p.m. ET Iran deal deadline, a geopolitical crossroads that has driven oil prices higher on supply fears while pulling S&P 500 futures lower. Amidst this volatility, gold remains a steady haven and the South African rand has weakened against the dollar; meanwhile, Eskom provided a rare signal of domestic fiscal stability by successfully redeeming its R38 billion ES26 bond after a 19-year market run. Tehillah Niselow spoke to Khumbulani Kunene, Investment Analyst at FNB Wealth and Investments.

Global markets have shifted to a "risk-off" stance as investors await President Trump&rsquo;s 8 p.m. ET Iran deal deadline, a geopolitical crossroads that has driven oil prices higher on supply fears while pulling S&amp;P 500 futures lower. Amidst this volatility, gold remains a steady haven and the South African rand has weakened against the dollar; meanwhile, Eskom provided a rare signal of domestic fiscal stability by successfully redeeming its R38 billion ES26 bond after a 19-year market run. Tehillah Niselow spoke to Khumbulani Kunene, Investment Analyst at FNB Wealth and Investments.

Market wrap 

Tehillah Niselow speaks to Jashwin Baijoo, Head of Strategic Engagement & Compliance at Tax Consulting SA

Tehillah Niselow speaks to Jashwin Baijoo, Head of Strategic Engagement &amp; Compliance at Tax Consulting SA

Sars Tax collection up 8.4 % last fiscal year, surpassing historic R2 trillion revenue mark 

Tehillah Niselow is in conversation with Grant Nader, Portfolio Manager at Benguela Global Fund Managers

Tehillah Niselow is in conversation with Grant Nader, Portfolio Manager at Benguela Global Fund Managers

SARS warning for wealthy taxpayers leaving South Africa

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