The South African economy, like most of the world, is currently experiencing a slump.  However, South Africa feels the effects of global economic pressure a lot faster than first-world economies that have stronger currencies and markets.  This has many South African residents wanting to grow their investments making use of offshore opportunities to realise better…

Losing a loved one or relative is complicated in and of itself, but additional complications come into play when you inherit and are not in the estate’s country. The South African law around this has also changed since March 2021, when the Taxation Laws Amendment Act came into effect and terminated what was once known…

Many South Africans who come into some money, find themselves diversifying their investments, which often includes moving money offshore. While Hollywood movies may have villainized offshore funds with tax-evasion efforts, moving money is not only legal when done right, but it is also highly beneficial to the investor. Besides diversifying, there are many benefits to…

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What Reserve Bank costs are involved in moving money out of South Africa?      An increasing number of South Africans are moving their hard-earned money out of the country due to the current economic climate. Banks and brokers are offering their services to make the process smoother – some at an additional cost.     Moving money offshore can be done in one of two ways, through the bank or through a trusted broker.      Banks offer…

The Effect of Repo Rates on International Money Transfers  Repo rates influence international money transfers and are determined by the South African Reserve Bank (SARB).   What are repo rates? This is the rate at which the SARB lends money to South African banks  to avoid any shortfall. The SARB adjusts and sets the limit to…