SEMIGRATION AFTER 60
Personal Finance|April 2022
Where are South Africa’s retirees headed?
- GUS VAN DER SPEK
SEMIGRATION AFTER 60

‘SEMIGRATION’—THE act of moving from one part of the country to another in search of a better life—has seen a rapid uptick in South Africans of all ages, but has become particularly popular with retirees. While many believe that individuals who can afford to emigrate are leaving South Africa in droves due to the turbulent economic situation, the reality is that most wealthy retirees would rather spend their Golden Years in the country they’ve called home for decades.

However, while the majority of retirees are choosing to stay in South Africa, there is a significant trend of this demographic leaving Gauteng and the province’s major cities in search of a quieter life in the countryside or small coastal towns. The one exception to this is the popularity of Cape Town as a retiree semigration destination—which, despite being a major city, still offers retirees the relaxed lifestyle they are searching for.

The factors driving semigration

The COVID-19 pandemic has been a significant driver of the semigration trend, as many people were able to work remotely and no longer needed to be close to their offices in major city centres. For retirees, however, the decision to semigrate is often influenced by lifestyle considerations.

Popular semigration destinations also boast lower crime levels, more affordable property prices, and a higher quality of life due to the outdoor activities and natural beauty on offer.

この蚘事は Personal Finance の April 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Personal Finance の April 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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