n Without Prejudice - South African wealth abroad : financial law




In its first-world manifestation, South Africa is a high-tax jurisdiction with a fairly sophisticated tax system and exchange control. In its third-world manifestation it grapples with crime, corruption and poverty. This may explain the drive among South Africans to have not just personal but also financial safety by diversifying their investments out of South Africa. They are looking for wider markets, different currencies, different counter-parties, banks and investment media.


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