Email of the day (1)
Comment of the Day

November 02 2010

Commentary by David Fuller

Email of the day (1)

More on uranium:
"Re the uranium portion of today's comment, and the query from the UK National retired in SA, provided these funds are within the (current) R4m limit allowed for foreign investment and have been disclosed (in total) to the SARB and Tax authorities, your correspondent should be able to invest these funds anywhere in the world without specific SARB approval being required.

"In practice, I believe that many South Africans with funds abroad find that the use of trusts has several advantages, including the ability to make relatively easy changes to the investment portfolio."

David Fuller's view Many thanks for these informative comments volunteered in the spirit of Empowerment Through Knowledge.

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