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South African investors putting money offshore are not just nervous about the rand’s prospects. They are also positive about the recovery prospects of some international jurisdictions and wish to diversify accordingly.
Andrew Newell, Head of Business Development at Cannon Asset Managers, explains the importance of understanding the source of investment returns and gives pointers on where to look in the future.
The South African economy is under strain: After growing by just 1.9% in 2013, it proceeded to shrink in the first quarter of 2014. Expectations are that the economy will grow by only 2% this year – and that’s if we’re lucky.
July marks Savings Month. Midway through the year, it’s the perfect opportunity to take a fresh look at your investments. Are you saving enough towards your goals for the future? And – equally important – are you investing optimally?
The strongest deterrent against FSP compliance missteps is or should be: