With the repo rating having more than doubled in less than 2 years, the amount you can hold in an interest-yielding bank or money market account before being subject to income tax at your marginal tax rate has reduced materially. Paul Hutchinson, Sales Manager at Ninety One, considers alternati.
There’s a lot to be downbeat about in South Africa – you can take your pick from load-shedding, political uncertainty, poor economic growth and the collapse of many state-owned enterprises – to name a few. While you can’t wish away the steady stream of bad news, what you can do is avoid getting.