Forex relief, strong rand a chance to go offshore.

Byline: Edward West

Forex relief, strong rand a chance to go offshore EDWARD WEST THE relaxation of foreign exchange controls announced by Finance Minister Pravin Gordhan and the stronger rand offer an opportunity for investors to diversify more of their funds offshore, say analysts.

BoE Private Clients head of investments Johan van Zyl said yesterday the announcement in the government's Medium Term Budget Policy Statement this week should be welcomed as it was important to promote a free flow of assets to hedge investments in a structured and balanced way.

Association for Savings and Investment South Africa CEO Leon Campher said the relaxation of exchange …