The reality is that an offshore investment should always be on your investment to-do list, and the main reason for this is diversification, both by asset class and currency.
The move comes as the coronavirus pandemic upends global markets, with the International Monetary Fund predicting sub-Saharan Africa’s economy will shrink by 1.6% this year, the worst on record.
The sector makes profits from other investments such as real estate, equities, and government securities.
The 2020 survey was conducted between February and April 2020 and yielded over 15,000 brand mentions and over 2,000 unique brands.
While SAFT funding is no longer available, the bank said it is considering additional relief measures in the form of financial and non-financial support, as well collaborating with other entities and government to enable support.