Investors can now make an investment using foreign currency – and there’s no need to have an offshore bank account or complete copious paperwork. This is made possible by Shyft, a forex payment app that makes offshore investing so much easier.
Now, investors simply need to transfer their investment in rands from their South African bank account onto Shyft, convert it to the required currency (US dollars, Austrialian dollars, euros or pound sterling) and make the forex payment into the offshore investment.
Learn more and download the Shyft app
Watch a video and download the FAQ document
Glacier Financial Solutions (Pty) Ltd and Sanlam Life Insurance Ltd are licensed financial services providers.
Glacier International is a division of Sanlam Life Insurance Limited, a licensed life insurer, financial services and registered credit provider (NCRCP43).
The Glacier Offshore Investment Plan is a flexible, discretionary savings vehicle which offers investors the opportunity to invest offshore, accessing different markets and currencies. It is administered by Glacier Financial Solutions (Pty) Ltd.
The Global Life Plan is an offshore endowment policy issued via Sanlam Life Bermuda branch.
Shyft operates under the license of the Standard Bank of South Africa Limited, an authorised Financial Services Provider (FSP number 11287).