How the skills exodus is impacting SA

eNCA's Aviwe Mtila takes a closer look. #DStv403

JOHANNESBURG - There have been claims that middle-income South Africans are leaving the country in droves.

There are some indicators that people are emigrating due to concerns around safety, lack of opportunities and the state of politics. 

WATCH: South Africa losing critical skills

FNB Property Economist Siphamandla Mkhwanazi says of all houses sold in South Africa, it's estimated that 13.5 percent of those are from people who are leaving the country.

That figure, which is from the second quarter of this year, has actually doubled over the last two years.

"We are definitely seeing an increase in the middle class specifically of people disposing of their houses to emigrate" 

"Not every concern about the country and its economy is translating to outright emigration."

WATCH: South African engineers leaving the country: SAICE

Global Market research group, New World Health, estimates around 300 high net worth individuals have been leaving South Africa every year for the last decade.

But there's increasing evidence that middle-income earners are also looking for greener pastures.

Analysts warn that while South Africa has unique economic challenges, countries the world over are facing global headwinds.

With property prices, down experts are encouraging buyers to cash in while it's still affordable.

Source
eNCA