James Travers, technical manager at Guernsey
Finance, says that Guernsey is well placed to satisfy the ambitions
of the developing market for offshore investment being seen in
South Africa, with a cost-effective and practical funds
solution.
A new generation of investment managers in South Africa have
some lofty growth ambitions.
They have their sights set not only on the opportunity to
reinvest client money outside of the country following relaxation
of exchange controls – now up to R1 million a year or more in
certain cases – but also on capital from overseas
institutions and high net worth individuals into the country.
On the supply side, 2017 was a good year for South African
investment managers, many of whom now wish to market their track
records beyond their borders.
