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South Africans: Save by investing abroad

Oct 20, 2015
Wealthy South African investors should move assets abroad to beat inflation, financial fees and a weak rand hobbled by a commodity slump, according to Mike Abbott, head of London-based Sable Wealth Ltd.

Investors should consider alternatives when the Johannesburg equity market accounts for less than 1 percent of global stock value, said Abbott, a South African who moved to London in 2001 and has 100 million pounds ($155 million) under management. The local stock market is “a problematic mix” of high values, low yields and marked volatility, he said.

Read the full article on Moneyweb.

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

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