South African investors can now further diversify investments internationally, following an increase...
South African investors can now further diversify investments internationally, following an increase in the personal offshore allowance from R750,000 (£69,300) to R2m announced in the budget last month by finance minister Trevor Manuel. Peter Lucas, global investment strategist at Ashburton, said: "We recommend that investors, wherever they may be based, should diversify their investments internationally to effectively manage their risk return ratio. "There is no magic formula in terms of the mix of domestic and offshore investment that suits all. Every investor's needs are different ...
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