Cost of Owning & Buying a Yacht in South Africa (2023 Examples)

In South Africa, yacht prices can vary greatly, with the lowest-priced boats starting at $6,800 and reaching up to $18,000,000 for the most luxurious, opulent superyachts and megayachts. The average overall yacht value in the country is around $446,000. In this article, we will explore the costs associated with owning and buying a yacht in South Africa, along with examples.

A used 30-foot sailing yacht in good condition costs around $20,000 to $30,000, and ownership costs are around $30,000 to $60,000 per year. A new 40-foot motor yacht with basic amenities costs around $300,000 to $400,000, with a cost of ownership of around $60,000 to $140,000 per year.

A new 60-foot luxury yacht with high-end amenities costs around $1.5 million to $2 million, and the cost of owning this yacht in South Africa ranges from around $250,000 to $500,000 per year. You'll get our breakdown of the costs below.

  • Financing options include specialized marine finance companies, bank financing, and financing options through yacht dealerships.
  • If you consider second-hand yachts, you may have to research the yacht's history and maintenance records, and seek professional advice during the buying process.
  • Popular yacht brands in South Africa include Leopard Catamarans, Beneteau Yachts, and Sunseeker Yachts.

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Cost of buying a yacht, ongoing costs of owning a yacht, financing options for yachts, second-hand yachts, yacht brands in south africa.

In this section, we'll discuss the initial purchase price, importation costs, and value-added tax when you buy a yacht in South Africa, which has a rich maritime history and is home to some of the world's most beautiful and diverse coastlines. From the rugged Atlantic coast to the warm Indian Ocean, South Africa offers a unique and stunning yachting experience that is hard to beat.

One interesting fact about buying and owning a yacht in South Africa is that the country has a well-developed yachting industry, with many marinas, yacht clubs, and service providers available to cater to yacht owners' needs. The country also hosts several world-class yachting events, such as the Cape2Rio yacht race , which attracts yachts from around the world.

Lastly, owning a yacht in South Africa can provide access to some of the world's best wildlife and nature reserves, such as the Kruger National Park, the Garden Route, and the Cape Winelands . Yacht owners can combine their love for yachting with exploring and experiencing the country's diverse and beautiful landscapes

Initial purchase price

This will vary greatly depending on factors such as the size, age, brand, and location of the yacht. Here's a table estimating the purchase prices for different yacht sizes and whether they're new or used.

Purchase Price of New Yacht Purchase Price of Used Yacht
$20,400 to $68,000 $6,800 to $34,000
$68,000 to $340,000 $34,000 to $204,000
$340,000 to $3,400,000 $204,000 to $2,040,000

Importation costs

If you're planning on purchasing a yacht from outside South Africa, you'll need to consider the importation costs. This includes shipping, insurance, and any applicable duties or fees . Shipping costs will depend on the distance and mode of transportation, while insurance will be based on the yacht's value and the route it will travel. You should also check South Africa's import duty rates and calculate any potential fees you may incur.

Shipping Costs Import Duty Rates VAT Customs Clearance Fees Brokerage Fees
$2,000 - $10,000 0% - 25% 15% $500 - $1,000 $500 - $1,000
$5,000 - $20,000 0% - 25% 15% $1,000 - $2,000 $1,000 - $2,000
$10,000 - $50,000 0% - 45% 15% $2,000 - $5,000 $2,000 - $5,000

Value Added Tax

All yachts imported into South Africa are subject to VAT, which is currently set at 15% of the value of the yacht . This tax is payable at the time of importation. This tax applies to both the purchase price and any importation costs, including shipping and insurance fees. To calculate the total cost of buying a yacht, you'll need to add the VAT to the initial purchase price and importation expenses.

Luxury yachts may cost $1 to $50 million to buy and its annual maintenance cost can range from $142,000 to $2,140,000.

yacht prices south africa

When you own a yacht in South Africa, there are several recurring expenses to keep in mind. We will cover four main categories: maintenance and repairs, insurance, berthing or mooring fees, and fuel . It's essential to have a realistic idea of these costs to fully enjoy your yacht ownership experience.

Maintenance and Repair Insurance Berthing Fees Fuel
$500 - $5,000 $68 - $1,020 $500 to $2,000 per month $1,750 to $3,500
$1,700 - $34,000 $340 - $5,100 $500 to $2,000 per month $7,000 to $14,000
$10,200 - $204,000 $2,040 - $30,600 $500 to $2,000 per month $70,000 to $140,000

Maintenance and repairs

Taking care of your yacht is crucial for keeping it in the best possible condition. Regular maintenance and repairs include tasks like cleaning, painting, fixing sails, or servicing engines . On average, you can expect to spend roughly 5% to 10% of the purchase price on maintenance and repairs.

Yacht insurance is another essential ongoing cost to protect your investment. Depending on factors like the size and value of your yacht, the navigation area, and the type of coverage, insurance premiums can vary significantly. In general, yacht insurance costs around 1% to 3% of the purchase price .

yacht prices south africa

Berthing or mooring fees

Where you store your yacht when it's not in use also adds to the ownership costs. Berthing or mooring fees can differ based on the size of your yacht, the location, and the facilities offered at the marina. In South Africa, expect to pay between $500 to $2,000 per month for a berth. Generally, the more popular or upmarket the marina, the higher the fees.

Lastly, fuel is a significant ongoing cost, particularly for motor yachts. While sailing yachts consume less fuel, they still need some for maneuvering and powering their onboard systems. The price of fuel can fluctuate , making this expense somewhat unpredictable. Consider monitoring fuel prices in your area and devising a strategic plan to manage your consumption.

Additional costs of ownership

Additionally, there may be other costs associated with owning a yacht in South Africa, such as taxes, licenses, and crew expenses.

Taxes Licenses Crew expenses
$1,500 - $6,800 $500 - $2,000 $50,000 - $75,000 per year
$7,000 - $34,000 $1,000 - $3,000 $75,000 - $100,000 per year
$40,800 - $204,000 $2,000 - $5,000 $100,000 - $150,000 per year

Taxes : Several taxes may apply to yacht ownership, such as value-added tax (VAT), import duties, and annual property taxes . We've already mentioned the VAT rate and import duty rates. Annual property taxes can vary depending on the location and value of the yacht, but typically range from around $500 to $2,000 per year.

Licenses : Yacht owners in South Africa are required to have certain licenses and certifications, such as a skipper's license, a radio license, and a safety certificate .

Crew expenses : If you plan to hire a crew to operate and maintain your yacht, there will be additional expenses to consider, such as salaries, benefits, and training costs . The cost of hiring a crew can vary widely depending on the size and type of yacht, the number of crew members required, as well as their experience level and qualifications required.

yacht prices south africa

One popular option for yacht financing is working with a specialized marine finance company , such as Cullinan Holdings. They are well-versed in yacht financing and can guide you through the process.

Another route is bank financing . Many banks offer financing for yachts , and if you have an existing relationship with a financial institution, it might be easier to secure a loan. However, it's essential to compare interest rates, repayment terms, and other factors, as these can vary between banks. Keep in mind that lenders may require a down payment, which is typically around 20% of the yacht's purchase price.

Additionally, you can explore financing options through yacht dealerships . These dealers often work in partnership with various lending institutions, simplifying the application process. Check if the dealership offers promotional rates or special incentives that might make owning a yacht more affordable for you.

When comparing financing options, consider factors like the interest rate, loan term (which can reach up to 20 years), and other associated fees . Keep your budget and financial goals in mind while evaluating your options to find the best fit for your situation.

yacht prices south africa

If you consider purchasing a second-hand yacht, it can be a more economical option that still provides the luxury and enjoyment of a brand-new vessel.

Firstly, it's essential to thoroughly research the yacht's history and maintenance records . This will give you a better understanding of the vessel's condition, any potential issues, and how well it has been cared for over the years. A well-maintained yacht can still offer exceptional performance and comfort, even if it's not brand new.

As you examine potential second-hand yachts, take note of any upgrades that have been made or might be necessary in the near future. Some yachts may have had recent updates to their systems or components, which can be a valuable selling point. On the other hand, if a yacht requires significant upgrades, this can impact the overall cost and your enjoyment of the vessel.

Don't forget to seek professional advice during the buying process . Engaging with an experienced yacht broker can make the process smoother and provide valuable insights. Their knowledge of the market and local conditions in South Africa can help you find the perfect second-hand yacht that suits your needs and budget.

Finally, when you're ready to make an offer on a yacht, it's crucial to have it professionally surveyed . This will provide a detailed inspection of the vessel's condition, from its hull to its mechanical systems, ensuring you're making an informed decision.

The cost to buy a yacht in Egypt can range from $31,900 to $6,380,000.

Leopard Catamarans are known for their reliability, sleek design, and high-quality performance. With a variety of models and sizes to choose from, there's something for everyone. For instance, you can find a 40-foot Leopard Catamaran for sale in South Africa within a price range of around $400,000 to $600,000.

Beneteau Yachts is another popular brand, offering both sailing and motor yachts that are perfect for South African waters. The Beneteau Oceanis range, which comprises comfortable cruising sailboats, can also be found in the South African yacht listings. Prices may vary depending on age and model, but you can expect to spend between $150,000 and $500,000 on a Beneteau yacht.

For luxury motor yacht enthusiasts, Sunseeker Yachts creates stylish and sophisticated vessels with cutting-edge technology and design. A Sunseeker for sale in South Africa could cost anywhere from $1 million to over $10 million, depending on the model and year.

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Launch Year: 2007 Hull material: GRP Engine(s): 2 x 200hp Evinrude ETEC

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Catamaran yachts in south africa.

South Africa, a land known for its breathtaking landscapes and diverse wildlife, also holds a secret allure for sailing enthusiasts and luxury yacht seekers. The azure waters that caress its shores serve as the perfect canvas for a thrilling maritime experience.

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In recent years, the demand for catamaran yachts in South Africa has surged, transforming the coastline into a haven for yacht enthusiasts and adventurers alike.

In this article, we will explore the world of catamaran yachts, delving into the vibrant market of luxury yachts for sale in South Africa, new builds, and the charm of small yachts that are capturing the hearts of many.

Catamaran Yachts for Sale in South Africa

The coastal regions of South Africa offer a plethora of options for those seeking to buy catamaran yachts. Enthusiasts can choose from an array of models, each crafted with precision and elegance.

These catamarans, with their dual-hull design, offer stability, speed, and ample space for luxurious amenities, making them an ideal choice for sailing aficionados.

Luxury Yacht for Sale in South Africa

For those with a taste for opulence, South Africa’s luxury yacht market presents an enticing array of choices. These yachts redefine extravagance, featuring state-of-the-art interiors, world-class amenities, and impeccable craftsmanship.

Owning a luxury yacht in South Africa means indulging in the epitome of comfort while exploring the picturesque coastline and its hidden gems.

New Build Yacht for Sale

The allure of setting sail on a brand-new yacht is irresistible. South Africa’s yacht builders are renowned for their expertise in crafting new build yachts that cater to the unique desires of their clients.

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These yachts are not merely vessels; they are a testament to innovation, combining cutting-edge technology with timeless design.

The Charm of Small Yachts

While larger yachts exude grandeur, small yachts have a charm of their own. Compact and nimble, these vessels offer an intimate sailing experience.

They are perfect for couples or small groups, allowing for secluded anchorages in serene bays and access to secluded spots unreachable by larger vessels.

Small yachts provide a genuine connection with the sea, allowing sailors to bask in the tranquility of the open water.

Yacht Boat Builders: Master Craftsmanship on South African Shores

South Africa boasts a lineage of skilled yacht builders, revered for their mastery in transforming raw materials into magnificent seafaring vessels.

These builders combine traditional craftsmanship with modern techniques, ensuring that each yacht they produce is a masterpiece.

Their dedication to perfection and passion for the art of yacht building shine through in every detail, making South Africa a hub for yacht enthusiasts and connoisseurs alike.

Yacht Price in South Africa: Balancing Luxury and Budget

The allure of owning a yacht is often tempered by budgetary constraints. In South Africa, the yacht market offers a diverse range of options, ensuring that there is a yacht for every budget.

yacht boat

From affordable small yachts to luxurious catamarans, buyers can find vessels that align with their financial plans without compromising on quality or comfort. This affordability, coupled with the country’s stunning sailing destinations, makes South Africa an ideal choice for prospective yacht owners.

South Africa’s catamaran yachts market is not merely about buying a vessel; it’s about embarking on a journey of luxury, adventure, and discovery.

Whether you are in search of a catamaran yacht for sale, a luxury yacht, a new build, or a small yacht, South Africa offers a diverse array of options. With its skilled yacht builders, competitive yacht prices, and the enchanting allure of its coastline, South Africa beckons sailing enthusiasts to set sail on a voyage of a lifetime.

So, come aboard and let the winds of the South African coast carry you into the heart of maritime splendor.

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South Africa

Boats for Sale in South Africa

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Showing 1 - 15 of 15 results

Cape Town, (South Africa)

OFFERED BY:

The Multihull Company

EMBARK ON A VOYAGE Antifouling over epoxy based osmosis barrier Closed cell PVC foam core, vacuum bonded for stiffness, strength and minimal weight Forward water tight compartments with horizont...

Jacobs Brothers Southwell 51

Cape Town, Western Cape (South Africa)

Ocean Independence

A beautiful and ready to cruise 51 Southwell built by the well proven aluminum boat builders Jacob Brothers. Due to owners personal reasons the decision has been made to sell t...

st francis 50 MK II

$1,646,554 *

Calibra International Boat Sales

General Info Grace - Space- Pace defines the new St Francis 50 MK II. This new catamaran was designed around its fast, sea-kindly proven predecessor which on its debut won the 'Cruising W...

Nutshell 26

Cape Town (South Africa)

When I first heard about this ambitious project I was not particularity enamoured as I just could not get my head around a 26ft sailing catamaran (capable of being transported in a single 40ft ...

Cape town (South Africa)

The ATOMIC 22 is a well-built, well thought out and extremely capable vessel. This is a vessel I would be most comfortable with beach launching and running through the surf. She can be comfo...

st francis 46

Eastern Cape (South Africa)

In the world of the cruising catamaran, the St Francis marine boat yard should not require an introduction as they are the quintessential example of this class of vessel. Their motto is simply,...

Aventure 430

Western Cape (South Africa)

The Aventure 430 was designed as an adventure cruiser that is equally comfortable as an entertainment platform, sports fisher or long-range cruiser. She has recently been through a significant ...

These boat details are subject to contract. When viewing the Admiral 40, under sail, it is immediately apparent that she has a proud bow with plenty of buoyancy up front. This is a most as...

st francis 50

Ocean 62'.

Denison Yacht Sales

62' Ocean Renegade 2025 Introducing the remarkable R6-the evolution of the beloved R5. With the desire for a larger platform in the R-series, the R6 emerges as a unique and distinct...

Dual Flyer 400 Day Sailor

If you are looking for a high performance lightweight 39.5ft sailing catamaran to enjoy sailing in subtropical climates, the Dual Flyer 400 will certainly tick a significant number of boxes. In...

The Knysna Yacht Company was established in the early 2000’s and over the years the yard has continued to remain true to its original goal. Knysna sailing catamarans are built for self-suffi...

Stand Up Boat (SUB) 14

Unhindered, independent fun is what the SUB 14 is all about. This little vessel is surprisingly capable and stable. She can be moved around on her trailer, launched and retrieved with the gr...

Ocean 54'

54' Ocean Renegade 2025 One of the key advancements of the MKII is the increased hull volume, allowing for a touch more luxury and convenience. However, the innovation doesn't stop ...

Knysna (South Africa)

Just Catamarans

ORDER A NEW KNYSNA 550 WITH JUST CATAMARANS Luxurious and accommodating, the exclusive Knysna 550 is superior craftsmanship at its finest. The added flybridge provides a commanding vantage po...

* Price displayed is based on today's currency conversion rate of the listed sales price.

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Israel strikes kill at least 11 in gaza, tanks push further into rafah.

Two Israeli air strikes targeting aid supplies killed at least 11 Palestinians in Gaza on Monday, medics said, as Israeli tanks pushed deeper into Rafah in the south and fought their way back into areas in the north they had already subdued months ago.

Aftermath of a Russian missile attack in Pokrovsk

Ukraine-Russia war latest: Moscow vows to retaliate against US after missile attack on Crimea

The Russian defence ministry has claimed Ukraine used US-provided weapons in a strike on Crimea yesterday that killed at least four people and injured 151 more. Meanwhile, EU accession talks with Ukraine are approaching, in a political blow for Vladimir Putin.

Monday 24 June 2024 22:39, UK

  • Russia vows revenge against US after attack on Crimea | Washington hits back at 'ridiculous' claims
  • At least eight dead in fire near Moscow | Watch smoke billow from building
  • North Korea warns US over 'new world war'
  • Ukraine inches closer to EU dream
  • Big picture: What you need to know this week
  • Analysis : Blaming Ukraine for Dagestan attack fits Russia's wider narrative
  • Listen to the Daily above and tap here to follow wherever you get your podcasts

That's all of our live coverage on the conflict for now. 

We'll bring you any major developments overnight, and we'll be back with our regular updates in the morning. 

The US is expected to announce it is sending an additional $150m (£118m) in munitions to Ukraine.

According to a US official, who spoke to the Associated Press on the condition of anonymity, the package includes anti-armour weapons, small arms, grenades and artillery rounds, among other support.  

The upcoming shipment is also expected to include munitions for the High Mobility Artillery Rocket Systems, or HIMARS. 

That system is capable of firing the longer-range missiles from the Army Tactical Missile System, or ATACMS, which Russia has said would prompt retaliation and risk escalating the conflict.

The package is expected to be announced tomorrow.

On day 850 of the Ukraine war, we take a closer look at how Ukrainian servicemen in the Donetsk region are taking the fight to Russian troops near by.

The images below show Mykhailo, Ihor and Oleh of the 33rd Separate Mechanised Brigade preparing and loading a self-propelled howitzer before firing towards Russian troops.

The first day of mourning has taken place in Russia's North Caucasus republic of Dagestan after attacks that the authorities say killed 20 people.

Gunmen opened fire on two Orthodox churches, a synagogue and a police post in the attacks in the cities of Makhachkala and Derbent yesterday.

Russia's national anti-terrorist committee described the attacks - in a predominantly Muslim region with a history of armed insurgency - as terrorist acts.

The attack is the deadliest in Russia since March, when gunmen opened fire at a concert in suburban Moscow, killing 145 people.

The affiliate of the Islamic State group in Afghanistan that claimed responsibility for March's raid quickly praised the attack in Dagestan, saying it was conducted by "brothers in the Caucasus who showed that they are still strong".

The Washington-based Institute for the Study of War argued that the Islamic State group's North Caucasus branch, Vilayat Kavkaz, was likely to have been behind the attack, describing it as "complex and co-ordinated".

Russian claims that the US was behind yesterday's strikes in Crimea are "ridiculous" and "hyperbolic", according to a spokesperson for the US state department.

Officials say four people died and around 150 more were injured in the attack as missile debris fell on a beach in Sevastopol in occupied Crimea.

Russia's defence ministry said the missiles used by Ukraine were US-supplied ATACMS missiles, and claimed US specialists programmed them.

Kremlin spokesperson Dmitry Peskov told reporters in Moscow earlier today that the "involvement of the United States, the direct involvement, as a result of which Russian civilians are killed, cannot be without consequences".

During a US state department briefing, spokesperson Matthew Miller was asked about Russia's claims, which he said were unfounded and wrong.

"I don't have any assessment of the underlying attack, including who was responsible for it. But you have seen Russia make ridiculous claims about responsibility in the past," he said.

"You might recall after the terror attack in Moscow in March, they blamed the US despite the US warning them about the attack.

"It's not unusual for Moscow to make ridiculous, hyperbolic claims about responsibility that aren't born out of facts."

Mr Miller had previously been asked about the strikes in Crimea, to which he said the US laments any civilian casualties in the ongoing war.

On providing weapons to Ukraine, Mr Miller added: "We provide weapons to Ukraine so that it can defend its sovereign territory against armed aggression, including in Crimea, which, of course, is part of Ukraine. 

"Russia could stop this war today and end the suffering caused by the war Russia launched if it ended its occupation of sovereign Ukrainian territory and stopped launching attacks on civilians."

We reported earlier on a fire at a former Russian electronics research institute near Moscow that has killed at least eight people.

We've now got video of the scene - with people visible leaning out of windows as smoke engulfs the building.

It is not yet clear what caused the fire to start. 

By Ian King , business presenter

The EU today launched its 14th package of sanctions against Russia - this time targeting Vladimir Putin's liquefied natural gas exports (LNG) for the first time.

The measure is the latest attempt by the bloc to deny Mr Putin's regime of money as his war on Ukraine drags into its 29th month.

No EU bans on Russian gas yet

The sanctions, which will kick in after a nine-month transition period, fall short of an outright ban on Russian LNG shipments.

This partly reflects the fact that EU members are themselves still allowed to buy LNG from Moscow - even though the bloc has set a target of phasing out Russian fossil fuels by 2027.

The EU followed the lead of the United States and the UK in banning Russian oil imports, with one or two limited exceptions, in 2022 after Russia attacked Ukraine.

What latest sanctions do

The key measure in the package, signed off late last week in the face of opposition from Germany and Hungary, is a ban on trans-shipments off EU ports of Russian LNG - essentially preventing the commodity from being sold to third countries via EU ports.

Part of the package also targets specific vessels - including an initial 27 oil tankers - that are used to get around the price cap slapped on Russian oil by the G7 countries.

Read the full story here ...

A video appearing to show a wounded Russian soldier being shot dead by another shows the "brutal culture" of Moscow's armed forces, according to a US-based thinktank.

Footage shared widely on social media over the weekend shows a Russian soldier injured by a drone strike, motioning to another soldier for help.

Instead, the other soldier kills him with a gunshot fired at point-blank range.

He does this instead of attempting to check the soldier's injury, attempting treatment, taking his identification tags or attempting a casualty evacuation, the Institute for the Study of War (ISW) says.

"The attempted or deliberate killing of a fellow soldier is unprofessional, and ISW has observed instances of Russian fragging (the deliberate killing of supervisors) and other anecdotes demonstrative of a callous disregard for the lives of Russia’s own soldiers throughout the war thus far, both within Russia and amongst Russian troops on the battlefield," it says in its latest assessment.

"Fragging is generally indicative of extremely poor discipline amongst troops, a disconnect between tactical level commanders and their subordinates, as well as a blatant disregard for human life."

Sky News has not verified the authenticity of the video.

A fire at a former Russian electronics research institute near Moscow has killed at least eight people, state news agency TASS reports.

Two people jumped to their death from the top floors of the eight-storey building - in the town of Fryazino - which was engulfed by flames.

Regional governor Andrey Vorobyov said a 34-year-old man was in serious condition in hospital, while two firefighters were also being treated for injuries from the fire. 

More than 100 firefighters are at the scene. Local emergency services said the man was the only person rescued from the blaze.

The building creates components for fighter jets, nuclear launch munitions, air defences and guided munitions. 

Gunmen opened fire on two Orthodox churches, a synagogue and a police post in two cities in the Russian region of Dagestan yesterday.

Dagestan's governor, Sergei Melikov, tried to link the attacks with the ongoing Russian invasion of Ukraine.

The US-based Institute for the Study of War has suggested it is likely the work of Islamic State's Northern Caucasus branch, Wilayat Kavkaz, but there is no confirmation of that.

Watch the video below to find out what we know so far...

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  1. The Spectrum of Yacht Prices #mrbeast #beast

  2. Just bought a yacht in South Africa?

  3. Africa's Billionaires Luxury Mobility

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  6. How yachts are done in AFRICA #travel #traveller #worldtraveller #worldtravel

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    Part of the package also targets specific vessels - including an initial 27 oil tankers - that are used to get around the price cap slapped on Russian oil by the G7 countries. Read the full story ...