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.
Sable International is a group of companies that specialising in providing financial and immigration solutions to international citizens.