A retired or financially independent person may apply for temporary residence in this category provided he/she complies with the requirements set out hereunder and which are coupled to a lifelong right to a pension or an irrevocable retirement annuity or prescribed minimum income off investment(s) or has the prescribed financial resources to qualify in the financial net worth category.
The monetary requirements are as follows:
- RETIRED PERSONS:A pension with a minimum value of ZAR 37 000.00 (Thirty Seven Thousand Rand) per month or an irrevocable retirement annuity delivering this amount or a combination of assets delivering this amount monthly. This amount is calculated per applicant in this category; or
- FINANCIAL NET WORTH:A prescribed minimum net worth consisting of an amount of ZAR 12 Million (Twelve Million Rand) coupled to a payment to the Director General in the amount of ZAR 120,000 (One Hundred and Twenty Thousand Rand).