Great news for retirement savers as offshore limits increased to 45%

Following announcements in the recent Budget speech, the South African Reserve Bank (SARB) has confirmed that the offshore investment limits for all investment and product providers, including retirements funds, have been aligned and set at 45%, effective immediately.

This is very positive news for South African investors over the long term, especially for retirement fund members, as it represents a significant relaxation in exchange control regulations, which allows for greater diversification and flexibility to benefit from the global opportunity set. 

March 02 2022 By Earl Van Zyl - Allan Gray