Try GOLD - Free
SEMIGRATION AFTER 60
Personal Finance
|April 2022
Where are South Africa’s retirees headed?
‘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.
This story is from the April 2022 edition of Personal Finance.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM 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%.
3 mins
November 2025
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
4 mins
November 2025
Personal Finance
The rand's journey against the dollar in 2025
Unpacking the undervaluation, and economic implications
1 mins
November 2025
Personal Finance
Tokeni- sation of traditional securities
A strategic evolution in market infrastructure
3 mins
November 2025
Personal Finance
The debt trap, and how to get out of it
There are institutions which can help if you're in debt
3 mins
November 2025
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.
1 mins
November 2025
Personal Finance
Optimism returns to SA's housing market
Rate cuts are starting to have an impact
4 mins
November 2025
Personal Finance
Premises, people, and privacy L
3 key threats facing businesses today
3 mins
November 2025
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.
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.
3 mins
November 2025
Translate
Change font size
