He said people should ensure they are safe<\/strong>. This may involve living in a security estate and avoiding risky situations.<\/p>\n\n\n\n They must also have the skills and technology required to participate in the advanced global economy<\/strong>.<\/p>\n\n\n\n Turning to wealth, Roodt advised South Africans to have a diversified portfolio, with a large portion invested abroad.<\/strong><\/p>\n\n\n\n Apart from protecting your wealth against political and economic problems in South Africa, there are also more investment opportunities in international markets.<\/p>\n\n\n\n \u201cMake sure you use the correct structures when moving money abroad. Get a good advisor to assist you,\u201d he said.<\/p>\n\n\n\n One of the reasons Roodt feels that it is unnecessary to leave South Africa is because it is possible to work for global companies from anywhere.<\/p>\n\n\n\n He said one of his friends works for a bank in Kenya, although he has not set foot in the country.<\/p>\n\n\n\n \u201cEconomies today are not as physical as they used to be. This makes it possible to stay in South Africa and work in the global economy,\u201d he said.<\/p>\n\n\n\n Roodt previously also advised South Africans to pay as little tax as possible without breaking the law.<\/p>\n\n\n\n He explained that taxpayers should object to the government\u2019s overspending by using legal means to pay as little tax as possible.<\/p>\n\n\n\n \u201cI encourage people not to break any laws but to make use of every possible loophole to pay as little tax as possible in South Africa,\u201d he said.<\/p>\n\n\n\n \u201cOne rand in your pocket is worth much more than one rand in the pocket of the civil servants,\u201d Roodt previously told delegates at the Tax Indaba.<\/p>\n\n\n\n However, he warned against a tax revolt or stopping to pay taxes altogether, as it would have severe consequences for the country.<\/p>\n\n\n\n \u201cOnce people stop paying taxes, including municipal levies, getting them to start paying taxes again \u2013 even under a new government \u2013 is difficult,\u201d he said.<\/p>\n\n\n\n \u201cOf course, you have to pay your taxes, but nothing more.\u201d<\/p>\n\n\n\n This article was first published by Daily Investor and reproduced with permission. Read the original here<\/a>.<\/em><\/p>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2023\/08\/Dawie-Roodt-1.jpg\")
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