South Africans need banking & investing beyond borders
04 September 2014
Since the lifting of exchange controls over a decade ago, an increasing number of South Africa’s high net worth individuals have been placing an increasing proportion of their wealth offshore – but this hasn't been without its challenges. These clients have been unable to consolidate their financial affairs – be it banking, financing or investments – particularly in different jurisdictions. The end result is multiple accounts, investment managers and bankers along with diverse and time intensive correspondence to manage.