Just finished my articles in auditing in 2021 - I did this exact thing as soon as I qualified. 40% more pay is the bottom end it’s more like 65-120% of pay comparable to South African salaries. It’s a no brainer for us. This pay doesn’t include over time pay which is handsome as well as performance bonuses which is also handsome to say the least . Money talks in commerce ladies and gentlemen.
South Africa has world-class professionals, and not world-class salaries. The brain drain is inevitable, the only thing we have going for us is that the cost of living is relatively cheap here especially for professionals in high-income brackets. The jackpot is if you work for an international firm, while living here. 😂😂😂😂
That's not necessarily true. I'm in that position, but I earn less because of the higher tax burden. Our taxes are some of the highest in the world, not in the %-age, but because the higher percentages start at much lower numbers. For example, earning exactly what I'm earning now in US, I'd pay about half the tax I currently pay.
@@alphaomega5721 Oh I see what you mean. Our Tax brackets are a bit ridiculous on the low end. I never realised how little Americans pay in those lower to medium income brackets. Maybe it's because our Tax paying population is very small relative to the population, and we have a lot of Social Programs. So they try to milk the tax payer as much as they can. And they don't bloody deliver on top of that. Let's not talk about Tax, it gets me worked up.
My young accountant neighbour and his wife have recently moved to Botswana. He told me he got better everything compared to South Africa.For starters the place is safe, the law there is tou on criminals.
Just finished my articles in auditing in 2021 - I did this exact thing as soon as I qualified. 40% more pay is the bottom end it’s more like 65-120% of pay comparable to South African salaries. It’s a no brainer for us. This pay doesn’t include over time pay which is handsome as well as performance bonuses which is also handsome to say the least . Money talks in commerce ladies and gentlemen.
And after one year working remote I’ve been offered a USA visa for 3-6 years.. hard to say no to.
Almost All my friends have left South Africa over he past 6 years .🌎🥺
South Africa has world-class professionals, and not world-class salaries. The brain drain is inevitable, the only thing we have going for us is that the cost of living is relatively cheap here especially for professionals in high-income brackets. The jackpot is if you work for an international firm, while living here. 😂😂😂😂
That's not necessarily true. I'm in that position, but I earn less because of the higher tax burden. Our taxes are some of the highest in the world, not in the %-age, but because the higher percentages start at much lower numbers. For example, earning exactly what I'm earning now in US, I'd pay about half the tax I currently pay.
@@alphaomega5721 Oh I see what you mean. Our Tax brackets are a bit ridiculous on the low end. I never realised how little Americans pay in those lower to medium income brackets. Maybe it's because our Tax paying population is very small relative to the population, and we have a lot of Social Programs. So they try to milk the tax payer as much as they can. And they don't bloody deliver on top of that. Let's not talk about Tax, it gets me worked up.
@@MosesMatsepane 5% of South Africans pay Income Tax.
There found out there is nothing left to count in SA🤣🤣🤣
My young accountant neighbour and his wife have recently moved to Botswana. He told me he got better everything compared to South Africa.For starters the place is safe, the law there is tou on criminals.
Here is a country vastly invested on skills belonging to industry 3.0, while it's economy is still embedded on industry 1.0 and 2.0
Well said. Overdeveloped professionals in an underdeveloped country.
They're following the money.
Yes brother
They went to go do book balancing to see if the Covid nrs are adding up.
Meet Stupid !!!
@@truth-Hurts375 Hi stupid👋😀 how you today?
its not just accountants - every profession after july no reason to stay as we know the policy now
yup
Who thought the news reader is will smith for one moment
I did !!
Artificial Intelligence (AI) will soon make Accountancy redundant as a profession
Never I guess ... Some things in accounting are impossible to put into AI hey
Maybe bookkeeping yes but the more complex accounting that requires professional judgement, I don't think so!