South Africa’s Finance Minister recently announced that the Foreign Investment Allowance ("FIA") that a private individual may remit offshore has increased from R2 million to R4 million.
This relaxation has arrived at an opportune time, as the Rand is currently trading at attractive levels. Now is the time to diversify due to the volatility in the markets and Credo is here to assist by offering a number of investment solutions suited for the South African investor.
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