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Now is the time for South Africans to invest in UK property

Mar 07, 2018
Director of Forex and International Projects, Andrew Rissik, discusses how the Rand’s strength means that South Africans are in the best position in years to diversify their investments with an overseas property portfolio.
 
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“Thanks to Ramaphosa’s appointment, we are seeing rand exchange rates last seen in 2015. Although the UK pound has strengthened substantially against the USD making up most of its post-Brexit losses, this be due to USD weakness rather than Pound strength,” says Andrew Rissik, Managing Director of Sable International.

“From a South African point of view, this bodes very well for the UK investment arena as the current Rand strength offsets the negative effect of Pound strength for South African investors,” he says.


Read the full article on Property24.com

South Africa

Cape Town

Regent Square
Doncaster Road
Kenilworth 7708 +27 (0) 21 657 2120

Durban

201 The Annex
Ridgeside Office Park
Umhlanga +27 (0) 31 536 8843

United Kingdom

London

Castlewood House
77/91 New Oxford Street
WC1A 1DG +44 (0) 20 7759 7514

Croydon

5-7 Selsdon Road
South Croydon
CR2 6PU +44 (0) 20 7759 7581

Australia

Melbourne

9 Yarra Street
South Yarra
VIC 3141 +613 (0) 8651 4500

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 License issued by ASIC to deal in foreign exchange (1st Contact Group - AFS License number 335 126).

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