More South Africans are bringing their offshore investments back into the country – what you need to know

Financial services firm FNB says it has seen an increase in a number of its private banking clients with offshore investments bringing them back into the country, as a result of cash-flow constraints brought about by the Covid-19 pandemic and a rocky economic climate.

The bank said that the common perception is that the process of bringing offshore funds back into the country is a complex one, however in most instances this can be done relatively quick and easily if the correct procedures are followed.

Similarly, applying the right protocols will also ensure that the funds can be invested…

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