close menu

The Rand rollercoaster: Understanding South Africa's volatile currency | Sable International

Jun 21, 2016
Every day, more and more ink gets spilled – as financial experts debate the reasons for the Rand’s galling instability on the global currency market. Since October of last year, the Rand has depreciated by 35% against the US Dollar (the lowest point being 10th of January this year), before clawing back about 25% of this devaluation to trade at an exchange rate of roughly R14.20/$1 at the end of April 2016.

"Outside of property, investors are seeking tax-efficient solutions to house their financial assets, with the underlying assets invested in low cost, smart passive strategies. This shields them from income, capital and inheritance tax liabilities, predominantly via the UK."

– Andrew Rissik, Managing Director, Sable International Projects

Read the full article on Southern Vines

South Africa

Cape Town

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


25 Richefond Circle
Umhlanga 4320 +27 (0) 31 536 8843

United Kingdom


One Croydon
12-16 Addiscombe Road
Croydon CR0 0XT +44 (0) 20 7759 7514



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

We use cookies to provide the best website experience for you. Using this website means that you agree to this. How we use cookies.