Streaming issues? Report here
Lester Kieviet 2019 1500 BW 2
Tonight with Lester Kiewit
20:00 - 22:00
volume_up
volume_mute

Up Next: The Aubrey Masango Show
See full line-up
Tonight with Lester Kiewit
20:00 - 22:00
Home
arrow_forward
Business
arrow_forward
Lifestyle

Retire2SA aims to attract 1000 international retirees

15 January 2020 9:13 AM
Tags:
Western Cape
Tourism
Alan Winde
Brand SA
Job creation
Franschhoek
Immigration
Retirement
Wesgro
Langebaan
Personal finance
Foreign Direct Investment
Refilwe Moloto
Property
emigration
fdi
Gordon’s Bay
Retire2SA
Jill Wilmans
"Why not retire in the Western Cape? There couldn’t be a more beautiful place!" says Retire2SA cofounder Jill Wilmans.

South Africa is a wildly popular tourist destination, but it doesn’t attract huge numbers of foreign retirees.

The country doesn’t feature on any of the major retirement destination indices, despite its low cost of living.

Retire2SA – endorsed by Western Cape Premier Alan Winde and Wesgro - is a new company that will promote South Africa as a “holistic and globally competitive” retirement destination for foreigners.

Retire 2 SA has five “keys” it promotes:

  • Residency

  • Health care

  • Property

  • Finance

  • Lifestyle

All these five keys; the Western Cape offers them in droves!

Refilwe Moloto, presenter - CapeTalk

The company researched the potential benefits to locals of attracting more retiring foreigners to our shores.

These include:

  • Increased Foreign Direct Investment (FDI)

  • Increased job creation

  • Positive impact on “Brand SA”

  • Skills transfers

  • Boost to the local economy

The same research shows that foreign retirees typically will buy housing worth more than R2.5 million – currently a stagnant sector in the South African housing market.

Retire2SA launches in April 2020 with these goals:

  • Get 1000 international retirees to our shores

  • Increase FDI by R2 billion

  • Create 5000 jobs

  • 100 small businesses/service providers to assist this market.

Refilwe Moloto interviewed Retire2SA cofounder Jill Wilmans.

Why not retire in the Western Cape? There couldn’t be a more beautiful place!

Jill Wilmans, cofounder - Retire2SA

[International] Retirees… are looking at smaller communities out towards Langebaan, Gordon’s Bay, Franschhoek. These are not areas with massive congestion…

Jill Wilmans, cofounder - Retire2SA

Research shows that the average international retiree in South Africa spends between R65 000 and R75 000 per month. And they’re spending that at the local shops…

Jill Wilmans, cofounder - Retire2SA

The advantages of 1000 retirees… to local communities outside of the main CBD areas that’ll get a massive boost… three jobs are created for every tourist staying for two weeks. If you stay for 52 weeks, it multiplies the jobs created…

Jill Wilmans, cofounder - Retire2SA

For more detail, listen to the interview in the audio below.

Subscribe to our Business Wrap Newsletter


15 January 2020 9:13 AM
Tags:
Western Cape
Tourism
Alan Winde
Brand SA
Job creation
Franschhoek
Immigration
Retirement
Wesgro
Langebaan
Personal finance
Foreign Direct Investment
Refilwe Moloto
Property
emigration
fdi
Gordon’s Bay
Retire2SA
Jill Wilmans

More from Business

small-business-cjpg

Positioning your business for success

23 January 2020 8:25 PM

Positioning your business for success - what does this phrase even mean?

Share this:
Read More arrow_forward

invest.JPG

This is how you should invest your money for the next decade

23 January 2020 7:57 PM

Personal Finance - Tips on how to invest your money.

Share this:
Read More arrow_forward

Bruce and CNN business ed Richard Quest in Davos, 2020

#WEF2020: Bruce Whitfield live from Davos

23 January 2020 7:07 PM

CNN business editor Richard Quest pulled no punches about South Africa when Bruce Whitfield interviewed him in Davos earlier.

Share this:
Read More arrow_forward

Vitality Air

People are buying tinned air for R330 per can. We’re not kidding

23 January 2020 2:32 PM

Vitality Air (from Canada) bottles air in the Swiss Alps then sells it for $23 a can. It’s like The Lorax (Dr Seuss), but real.

Share this:
Read More arrow_forward

eskom-logojfif

I've been asked to speak for Eskom, not spin for them - Sikonathi Mantshantsha

23 January 2020 12:31 PM

Incoming spokesman Sikonathi Mantshantsha says he'll continue contributing to the people of SA through his appointment at Eskom.

Share this:
Read More arrow_forward

Mahindra KUV100

Cheapest new car in South Africa: 'Well-built and a lot of car for the price'

23 January 2020 11:55 AM

The Mahindra KUV100 is the most affordable new car in South Africa. Motoring journalist Ciro de Siena took it for a drive.

Share this:
Read More arrow_forward

130520WindFarm.jpg

'Approval of Boulders Wind Farm equal to placing 45 turbines on Table Mountain'

23 January 2020 11:52 AM

Peter Pickford says go-ahead for West Coast project a classic example of govt rushing a development, not considering consequences.

Share this:
Read More arrow_forward

191119-andre-de-ruyter-edjpg

New Eskom CEO says he doesn't want forced retrenchments

23 January 2020 10:53 AM

CEO André de Ruyter sat down with Business Insider SA and says 'significant changes' are coming at the beleaguered power utility.

Share this:
Read More arrow_forward

children-diversity-multiracial-friendships-kids-smiling-school-creche-class123rf

'Act as if you love your children above all else'

23 January 2020 10:48 AM

For the first time, the World Economic Forum ranks the climate crisis as the main risk the world will be facing this decade.

Share this:
Read More arrow_forward

insurance-policyjpg

When insurance claims go wrong

22 January 2020 8:52 PM

Be mindful of what you're disclosing at the time you take out a policy.

Share this:
Read More arrow_forward

More from Lifestyle

feed-kakapo-project-noordhoeked-facebookjpg

Wire whale trash-eater could be rolled out on more Cape beaches

23 January 2020 3:54 PM

Environmental activist Karoline Hanks reports back on the success of the Kakapo Project in Noordhoek and her other initiatives.

Share this:
Read More arrow_forward

Vitality Air

People are buying tinned air for R330 per can. We’re not kidding

23 January 2020 2:32 PM

Vitality Air (from Canada) bottles air in the Swiss Alps then sells it for $23 a can. It’s like The Lorax (Dr Seuss), but real.

Share this:
Read More arrow_forward

brooks-and-maya-spector-facebookjpg

I'm lucky to have parents who always supported my creativity - Maya Spector

23 January 2020 1:14 PM

The Cape Town musician and her US foreign policy expert father Brooks Spector join Kieno Kammies in studio.

Share this:
Read More arrow_forward

Mahindra KUV100

Cheapest new car in South Africa: 'Well-built and a lot of car for the price'

23 January 2020 11:55 AM

The Mahindra KUV100 is the most affordable new car in South Africa. Motoring journalist Ciro de Siena took it for a drive.

Share this:
Read More arrow_forward

Man woman male female bathroom toilet pee restroom

Gender-neutral bathrooms are coming! Would you use them?

22 January 2020 1:27 PM

We must do away with separate toilets for men and women, argues Bonginkosi Madikizela (DA leader in the Western Cape).

Share this:
Read More arrow_forward

stress-black-man-papers-laptop-work-tax-fees-money-finance-woes-businessjpg123rf

Trend: Higher salary hikes at bottom (rather than top) end of companies - survey

22 January 2020 8:17 AM

The report says the average salary increase in the country over the last year was 6.2%, reports P-E Corporate Services.

Share this:
Read More arrow_forward

rental-agreement-contract-landlord-tenant-lease-homeowners-couple-house-property

How to get rid of non-paying tenants without much of a hassle

21 January 2020 2:13 PM

Dodgy tenants who don’t pay – a perennial headache for landlords. Kieno Kammies interviews credit bureau TPN’s Michelle Dickens.

Share this:
Read More arrow_forward

Pills pharmaceuticals medicine health

Don't make codeine a prescription drug says pharmacy association

21 January 2020 2:01 PM

ICPA agrees codeine does need to be better controlled because of potential abuse but the prescription route is not the solution.

Share this:
Read More arrow_forward

doctorjpg

Your expensive medical aid is woefully inadequate, but cheap gap cover helps

21 January 2020 1:16 PM

Despite the huge expense, few medical aids cover members in full when they're hospitalised, leaving them with massive shortfalls.

Share this:
Read More arrow_forward

Children river rafting adventure 123rflifestyle 123rf

Legal tips and questions to check before signing your child's indemnity form

21 January 2020 7:59 AM

Senior Associate at Webber Wentzel Justin Malherbe explains the scope of indemnity forms and what to look for in the fine print.

Share this:
Read More arrow_forward