Given the political and economic turbulence that has surrounded the democratisation of South Africa, it is unsurprising that so many South Africans have a desire for hard currencies and offshore solutions
Why do South Africans choose to invest abroad when South Africa is such a rich country, roughly twice the size of Texas, with natural resources including gold, uranium, gem diamonds and natural gas? With a population of around 45 million and irrigated land of 13,500 sqkm (compared to 1,080 sqkm in the UK) space is not a factor and neither is the variable but generally sub-tropical climate. As most would know or guess, South Africa is not all paradise. Mortality rates are much higher than western countries - and life expectancy is around 44 years compared to the UK's 78 years. But these is...
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