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South Africa announces digital nomad visa amid praise and criticism

10:52 AM | 4 Apr, 2024
South Africa announces digital nomad visa amid praise and criticism

CAPE TOWN - Digital nomad visas are becoming increasingly popular across the globe as South Africa has also promulgated digital nomad visa regulations.

With the fresh move, South Africa is marking a significant milestone in the country's efforts to attract remote workers though the development has drawn mixed reactions. 

While the government sought public feedback on the draft regulations published in February, the final regulations remain unchanged, prompting some to say that public opinion was not considered. Interestingly, the law was promulgated even before the deadline for public comments expired.

Some South Africans view the digital nomad visa as an opportunity to enhance the country's tech industry by attracting foreign talent. On the other hand, concerns have been raised about potential consequences such as increased living costs, inequality, and tax evasion.

Industry experts have also criticized the move by stating that the government has not clarified key aspects of the visa including salary requirements and eligibility for freelancers.

Moreover, the implementation of the digital nomad visa faces legislative hurdles, including amendments to existing laws such as the Income Tax Act.

The country's Copyright Bill might also pose a challenge to the launch of visas as it could discourage nomads from developing proprietary software in South Africa.

It bears mentioning that recently New Zealand also announced that it was exploring the possibility of introducing the digital nomad visa to attract remote workers - a move that has been hailed by freelancers.

*As soon as the information regarding the conditions of the digital nomad visa of South Africa is announced and confirmed, readers will be apprised of the developments.

Daily Pakistan Global Web Desk

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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