Currency volatility and tax hurdles are among pitfalls of investing offshore

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Rand-denominated options such as dual-listed or rand hedge companies on the JSE are the simplest vehicles

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Investing offshore is an essential ingredient in any wealthy individual’s overall portfolio — in tumultuous times it is crucial to have a diversified investment portfolio to hedge against risk.

Investing offshore has been a hot topic for South Africans for many reasons — to protect wealth from domestic political or economic risk, to gain access to markets and opportunities unavailable locally, or to diversify across multiple geographic locations and currencies. Many South Africans prefer to invest directly offshore by owning hard currency assets. In this case, CGT will be paid only on the hard currency asset price movement .

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