Try GOLD - Free

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.

MORE STORIES FROM Personal Finance

Personal Finance

Personal Finance

Still chasing 3%

SOUTH AFRICA'S headline consumer price inflation rose slightly to 3.4% year-on-year (YoY) in September, from 3.3% YoY in August, while the monthly change in the consumer price index (CPI) registered 0.2%.

time to read

3 mins

November 2025

Personal Finance

Personal Finance

When laws governing marriage collide

Black Coffee and Enhle ruling sends a clear message: customary and civil marriages are of equal legal standing

time to read

4 mins

November 2025

Personal Finance

Personal Finance

The rand's journey against the dollar in 2025

Unpacking the undervaluation, and economic implications

time to read

1 mins

November 2025

Personal Finance

Personal Finance

Tokeni- sation of traditional securities

A strategic evolution in market infrastructure

time to read

3 mins

November 2025

Personal Finance

Personal Finance

The debt trap, and how to get out of it

There are institutions which can help if you're in debt

time to read

3 mins

November 2025

Personal Finance

Personal Finance

10 steps to start trading

TO START anything in life, no matter what it is or how long it may seem, you need to take the first step.

time to read

1 mins

November 2025

Personal Finance

Personal Finance

Optimism returns to SA's housing market

Rate cuts are starting to have an impact

time to read

4 mins

November 2025

Personal Finance

Personal Finance

Premises, people, and privacy L

3 key threats facing businesses today

time to read

3 mins

November 2025

Personal Finance

Personal Finance

The maths behind gambling

YOUR FRIENDS who gamble may brag about their “wins,” but here’s the truth … no matter what type of gambling, in the long run, the gambler always loses.

time to read

3 mins

November 2025

Personal Finance

Busting the accounting jargon

FINANCIAL STATEMENTS are the cornerstone of corporate reporting and decision-making, and are often the first section that one turns to when looking at a company's annual report.

time to read

3 mins

November 2025

Translate

Share

-
+

Change font size