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South Africans: Save by investing abroad | Sable International

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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