MoneyMarketing

Offshore

22 Mar 2022

The grass isn’t always greener outside SA: why we like local more than offshore

We still favour select ‘SA Inc’ counters – companies that are geared to domestic economic activity – and we have a healthy allocation to South African banks.
11 Nov 2021

Back in business: Mauritius and Seychelles removed from lists of high-risk jurisdictions

By: Sovereign Trust SA The Indian Ocean islands of Seychelles and Mauritius were recently removed from two key global blacklists. The Seychelles was taken off from the European Union’s list of high-risk countries in early October, while Mauritius was removed from the Financial Action Task Force’s (FATF) grey list of countries under increased monitoring. This...
05 Nov 2021

Make the offshore investment journey as smooth as possible

There is a great deal of publicity regarding the importance of diversifying your investments offshore, and rightly so. Not only does it provide protection against political risk, economic risk and a weakening rand, but importantly, it also provides access to a greater investment opportunity set.
28 Sep 2021

How having a financial plan can help digital nomads

People are becoming digital nomads as a result of the pandemic, earning a living working online in various locations around the globe. Previously a privilege afforded to relatively few, 2020 ushered in a new era in which working remotely has become commonplace.

17 Sep 2021

Investing offshore - how much?

Local investors might think the grass is greener on the other side, due to the myriad of challenges our country faces. In recent months, however, we have seen some of the country’s largest and most reputable investment managers warm up to domestic assets, often citing that poor sentiment has created an opportunity too attractive to ignore.
09 Sep 2021

Celebrating 25 years of helping people on their investment journey to success

Momentum Wealth, one of the largest linked investment service providers (LISPs) in SA is proudly celebrating 25 years in the investment industry. “We started doing business as Momentum Administration Services (MAS) in September 1996,” says Hymne Landman, Head of Momentum Wealth.
11 Aug 2021

How offshore ETFs can add value to your investment portfolio

An exchange traded fund (ETF) is a type of security that tracks an index, sector, commodity, or any other asset. It offers cost-effective access to indices across various industries and geographies. Marc Krom, Regional Manager at Glacier International explains how ETFs – available on Glacier International’s platform – bring you into the realm of global investing.
29 Jun 2021

How offshore life wrappers can reduce foreign inheritance tax

If you own assets outside of South Africa, your estate may have foreign tax liability upon your death. These foreign estate taxes, also known as inheritance tax, can be avoided by holding certain investible assets (e.g. ETFs and shares) in an offshore life wrapper or policy.
15 Jun 2021

Access Bank’s SA division open for business

The official launch of Access Bank South Africa Limited took place on Monday, marking another step in engraving the bank into the continent’s history. Noting the enthusiasm of all parties leading up to the day, Access Bank CEO Herbert Wigwe says the SADC region represents the strongest economy on the African continent. “This means Access Bank SA is firmly seated in one of the principal geographical areas apart from Nigeria, in terms of the size of the economy, and unlocks the gateway to the entire Southern African region.”
09 Jun 2021

Appetite for offshore investing increasing

“We live in a global village and as such we’ve seen increased appetite from investors for moving money abroad,” Jeanette Marais, Momentum Investments CEO and Deputy CEO of Momentum Metropolitan, told the recent Momentum Investments Global Matters conference – an annual event aimed at equipping advisers with insights to enhance discussions about offshore investing.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za