Stephen Grootes speaks to Warren Ingram,Certified Financial Planner at Galileo Capital, about whether South Africans should use their annual offshore allowance before it expires on 31 December. The South African Reserve Bank increased the Single Discretionary Allowance from R1 million to R2 million in April, allowing individuals to move more money offshore without exchange control approval. With unused allowances not carrying over into the new year, the question is whether investors should take advantage of the limit.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
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