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Migrants Fuel SA Economy, Not Drain It | Johannesburg News
Description
Sim Tshabalala, CEO of Standard Bank Group, delivered a bold defense of migration, using Brexit as a cautionary tale—not a model—for South Africa. As the country overhauls its immigration laws and introduces new visa streams for remote workers and entrepreneurs, Tshabalala argues migrants don’t steal jobs or depress wages; they’re vital economic engines who pay taxes, consume goods, rent homes, and start businesses. He highlights how migrants stimulate demand, reduce unemployment, and deepen regional trade. With big South African firms operating across Africa, the interconnectedness of economies underscores the need for smart migration policy. Former president Kgalema Motlanthe and MTN’s Mcebisi Jonas echo this, stressing that governance and economic stagnation—not migration—are the real roots of unrest, and that well-managed migration has long fueled South Africa’s growth.
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