The hidden benefit is that, as a UK-based investment, the retirement home could also be used as back-up plan for those South Africans worried about the political future of South Africa and are thinking of living out their final years in the United Kingdom.
Last year a record 15 million people around the world entered the green card lottery, looking for the quick entry path to permanent residence in the US, and there are only 50,000 cards available.
Capitec Bank has announced its 2017 pricing. The fees on remote banking will remain unchanged, while the fees for branch transactions will increase marginally and largely simplified to a set R5.00 per transaction. The changes come into effect on 1 March 2017.
With government needing to raise an extra R28 billion in taxes, it is a foregone conclusion that taxes will go up. The only questions are, which taxes will go up, and by how much?
Post the transaction, new shareholder Infinitus will hold 76% of Bridge FM (GrAM) equity, with management and staff retaining the remaining 24% interest.
