Guys, there is nothing wrong with the SACAA license. The theory standards are higher than the JAA and the standard of training at the top flight schools equals or exceeds that of most JAR schools.
Many South African pilots are hired by airlines such as Cathay, Emirates, Etihad and Qatar, to name a few. PLUS, airlines in the EU are saturated with pilots and there is little growth or prospect for growth due to the state of the EU economy.
HOWEVER, African aviation is booming and there is going to be plenty of hiring taking place over the next few years.
If you still feel that you want to convert to JAR after you complete your SACAA Multi CPL at around half the cost of what a JAR school would have charged you, you will be well prepared and will be able to do so both easily and quickly. As for converting to FAA after the SACAA license, that is a walk in the park and will take you all of two weeks to do.