The rise in remote work has given numerous South Africans the opportunity to sell their skills to international companies at rates that often takes the sting out of a weakening local currency. After all, why complain about the pound vs rand if you’re getting paid in the queen’s currency?
So once again, the government sees something that works well and decides to smother it with legislation. Whether they work remotely or not, economically active employees are crucial to the economy, and thousands of remote workers who earn in foreign currency have their earnings deposited into local bank accounts. These dollars and pounds inevitably find their way into the local economy, so it’s not as if the South African purse suffers.
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