The retirement permit South Africa
How would I qualify for permanent residency on this basis?
You would need to have access to either a pension, an irrevocable annuity or retirement account which affords an income of at least R37,000 a month for the rest of your life. Alternatively, your cash or a combination of assets must generate the equivalent amount (R37,000) per month. There is no age restriction to this category.
Can I work if issued with this category of permanent residence?
Individuals issued with permanent residency on this basis are eligible to conduct “retirement type work activity”. The Department of Home Affairs may authorise you to conduct work under certain terms and conditions they deem suitable.
Temporary Residency Option
Apply for a retirement visa if you’re looking to retire in South Africa on a temporary basis