The volatility of the South African currency is perplexing for investors that desire to invest abroad. Currently, the rand is at 14.5 for each U.S. dollar, which appears to be a good time to invest outside of South Africa.
As Americans, we don’t have these challenges for the timing of currencies and redeploying our wealth. In most cases, we are quite comfortable investing in the safest economy in the world.
South Africa is a great place to amass wealth and with the accumulation of wealth comes your personal responsibility to protect it for you and your family. For many of you, this means investments abroad in areas like the U.S., Australia and the U.K. It takes a lot of research and vetting of people and areas before you can muster up enough courage to take action.