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Comments noted
Just some numbers to play around with for the Euro
1 Euro to the Rand was as follows on the respective dates

31/12/2012  11.1849
31/12/2013  14.3792
31/12/2014  13.9994
24/08/2015  15.3214
31/12/2015  18.8959

My argument still stands anybody who is receiving a pension based in Rand and is being remitted to a foreign country is more than likely to have suffered significantly in the foreign currency equivalent
The sadness is that this situation is not likely to change very much over the next year or two, but two events may reverse this considerably - that being Pravin Gordhan actually gets a grip on government spending (don't see this happening) February 28th could be an interesting date, and the other is that the ANC lose substantial voter support in the municipal elections. Though a coalition government is not really the answer and brings its own issues in terms of service delivery neglect

But as they say in the classics humans are all opinionated and it's only in marriage that at times one gets it right   

There are a number of matters which I am unhappy with:-
1) You are still permitted to commute 1/3 of your funds into cash - which I believe should not be allowed, in many cases these funds are used to settle debt - house car etc.. I have come across a single person who has commuted funds, paid off debt and then built up the commuted portion that they withdrew. So once again people have eroded their capital. Anybody who turns 50 and doesn't start to map out their route to retirement how they will fund their years in retirement will end up being hugely disappointed in retirement and would need to think of working just to keep the wolf from the door. Furthermore retirement isn't about the first 5 or 10 years but is all about the 20 - 30 years after retirement when inflation will massacre your pension. Those who want to retire and then emigrate to some or other country have yet another mountain to climb in terms of a deteriorating exchange rate - since 2010 the Rand has sunk about 50% to the dollar - thus your pension in a foreign currency would have halved
2) They have not changed the rules on Living Annuities - you still have to withdraw 2.5% per annum as a minimum - I wrote to Treasury and asked that they make provision for a zero withdrawn option on a LA - I don't want/need to live off my LA these funds I want to grow so that the 6% drawing I intend making when I get to 80 will supplement the loss on my pension due to the ravages of inflation

Further if people had behaved responsibly in their employed years, put away funds for their pensions we wouldn't have such massive amounts of funds being set aside for old age pensioners - harsh but its a reality, child grants I feel the same way   

An update. Have to find a cheaper country to go to due to the demise of the ZAR and is really hurting me now.
Decided on Cyprus. Although I have tax exemption here in Portugal for 10 years, Cyprus has a tax threshold of €29 500.00.
I will never get near that so will never pay tax.
Rental properties there are on average €100 cheaper than here in Portugal. A sea view 2 bed apartment goes for under R5k and it is furnished and has air-conditioner and under floor heating. The plus factor is that they drive on the same side of the road as SA.
http://www.horizonpropertyshop.com/search-results/page/2/?status=long-term-rentals-paphos&location=any&type=any&bedrooms=2&min-price=any&max-price=any&ref_number

Orca - surely hope you are not serious about moving to Cyprus- if you are serious then why not do the whole monty and settle in Lebanon (airy accommodation and furniture all bolted down) or even Syria where numerous residents are emigrating to Europe for a better life.

Seriously you took months to decide on the country that you ultimately chose, look at getting better returns on your SA investments and use these gains to partially offset your exchange losses
Hang in there - Orca - it is always darker before the dawn

Interesting thread this in the sense that the old adage "different strokes for different folks" I can't recall ever reinvesting dividends received on a given counter back into that same counter, other than some 20 years ago it was quite fashionable for a number of companies offering you an option to take your dividend in shares. However the companies soon learnt that it was a nightmare to control the share register and if a shareholder wished to sell out of a counter it was more difficult to sell odd lots rather than lots of 100's or 1000's.
I get about R 50,000 per annum in dividends and I use these funds to but additional shares or augment an existing holding of a particular counter. This methodology may not work for many, but it has worked for me, and, I have been involved in the JSE since 1967
So the reality is that you need to work out a play that suites your requirements - in my case dividend yields play little part in my particular investing strategy, I am more interested in capital growth over an extended period, the dividend is merely a bi product of that growth.
Further with dividends the first you know of when a dividend is going to be reduced or passed is when the sens comes out which is a bi annual event, so the share price could stagnate and it has an impact on the dividend, you have to then make a decision stay with the company and take the lesser dividend, and live with the stagnated price or sell out of the counter. It also seems that those companies which do reduce their dividends, it takes ages for them to get back to previous dividend payments so you could take strain on both fronts - lack of capital growth and slow or dismal dividend returns
Just my opinion on this matter

Read the article on CNN Money and then make your own decisions- article by Heather Long titled Stock market selloff: Just how bad is it?
Interesting stats as to how low the Dow, S & P 500 and Nasdaq have to still fall before it is termed a correction or bear market
China seems to be the problem, and unfortunately our unthinking government has hooked its wagon to them along with some rather dicey other BRICs countries who have all or are on the verge of being downgraded to junk status - so we will see further falls in our markets 

Patrick - are you running this competition next year again?

Order in for 200 CML <5100 and 500 ACL (pure RSI play) @ <300

So you would have picked up CML - what's your exit price?

So Pravin is back as Finance minister - lets see whether he heads off the dudu