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Best returns as SA heads for junk status? Currencies, Cape property – investment expert | Sable International

Sep 27, 2016
As South Africa braces for a possible downgrade to junk status by ratings agencies, investors should reassess their asset allocations.
That’s the message from Andrew Rissik, MD at Sable Forex, who says that while investors appreciate South Africa’s high money market rates now, this situation could change fast. South Africa could easily tighten the exchange control screws, he says, so if you are planning on diversifying your assets globally, seriously consider acting sooner rather than later to move as much cash offshore as possible. But if international assets are not for you, explore adding a Cape Town property to your portfolio. Residential bricks-and-mortar in the Mother City have been producing double-digit returns, elevating residential real estate in the city on the tip of Africa into the league of the world’s best-performing markets, Rissik reminds investors. 

Read the full article on Biznews.

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Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services Licence issued by ASIC to deal in foreign exchange (1st Contact Group - AFS Licence number 335 126).

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