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What is the definition of a plan B for a South African?

Individuals and families want to future-proof their tomorrow.

South Africans love their lifestyle and many don’t wish to relocate, but they are anxious and stressed with the current reality of South Africa. The depreciation of the rand reflects the political and economic uncertainty and disruption that citizens experience daily.

The list of growing issues threatens to drown any good intentions by the private sector or government as the political will and necessary leadership to ‘move in the right direction’ is lacking. After-dinner conversation is now dominated by talk of a ‘plan B’. But what is a plan B? Research indicates that it differs from family to family: 

  • I need to know my kids have a future
  • I need to know I will be able to afford retirement
  • I need to know that my property won’t be taken
  • I need to know that I will be able to travel
  • I need to know that the Eskom crisis will be resolved
  • I need to know that … the list is endless and everyone has different concerns. 

Broadly speaking, individuals and families want to future-proof their tomorrow. That means addressing a multitude of concerns. The good news is that this is possible if a plan B strategy is actioned. 

Any plan B must include two vital elements:

  1. The ‘right’ to live in a first-world country; and                   
  2. ‘Hard’ currency passive income.

Firstly, you need future planning to have your entrance assured in a first world country, by having either multiple permanent residency or citizenship rights put into place.

This is now commonly referred to as Golden PR or citizenship programmes, where all that’s required is an investment, usually in property, and police clearance. Such programmes don’t require language tests, educational requirements, work experience, a specific age range, medical test, or even an interview.

The properties invested in can be residential, commercial or student accommodation. 

The second vital element is hard currency passive income. Passive income, in a nutshell, is money that flows in regularly without requiring a substantial amount of effort to create it. The idea is that you make an upfront investment in time and/or money, but once the ball is rolling, there’s minimal maintenance required going forward. This is where rental income from property comes into its own. Simply “after food we all need shelter to survive”. This is a tax-friendly investment that is inflation-proof income, as rent rises over time. 

Property is one of the oldest asset classes and the least disrupted by mankind. Even when we get to Mars, the shape and form might change but we will need a property to survive. Thus property generates passive income.

In an emerging country like South Africa, with a crashing currency, passive income in hard currency is non-negotiable. If you want to preserve your wealth and retain your lifestyle in a country where [increasingly] more goods and services are imported, then only an income in hard currency will keep up. 

We are Quality Group SA and our purpose in uncertain and disruptive times is to protect families and preserve wealth and lifestyle standards. We do this through plan B programmes and hard currency passive income.

From February 12 to 21 we will be hosting countrywide seminars on this topic. Register your no-charge seat here.


Costas Souris

Quality Group SA

Do you have any questions you would like answered by registered financial planners?



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