List of the Best Investments in South Africa
The best investments in South Africa for this year include fixed deposits, short-term certificates of deposit, government of South Africa treasury bills, RSA retail savings bonds, ETFs, unit trusts investments, and trading cards. The best rates of return you could find in South Africa are at African Bank, with a 10.50% rate per annum for a fixed deposit in a 60-month period. It’s also the best time to set up that much-needed emergency fund so you have a financial safety net, save for your dream, start a tax-free savings account, and invest in Johannesburg areas that offer an average asking price of under R1,000,000.
Best Investment Companies in South Africa
The best investment companies in South Africa are as follows
- AllanGray
- FirstRand
- Stanlib
- IP Global Momentum Equity
- Prudential Investment Managers
- MET Collective Investments
- East London IDZ
- Huge Group Ltd
- Coronation
- Investec
- iTransact Fund Managers
- CDI Capital
- AI Alliance
- Jarvie Group
- PocketOption
- XM
- Ditikeni Investment Company
- Baymont Wealth
- Personal Trust Pty Limited
- FBN Holdings
- IQ Option.
Best Investment Options in South Africa
The 5 best ways to invest money in South Africa are stocks, robo-advisors, index funds, cryptocurrency and fixed income investments. Stocks have the greatest variety of trading options and it’s easy and often free to open a stock trading account and start trading. Robo-advisors trade automatically based on an algorithm and invest your funds on your behalf. Index funds in South Africa offer one of the best risk/reward ratios for long-term investing and cryptocurrencies offer high-risk, high-reward investments. Fixed income investments include unit trust funds, which are flexible and immediately accessible, and government bonds, which are a safe and low-risk investment with low returns.
Best Tax Free Investments in South Africa
You can invest in a tax-free savings account (TFSA) in South Africa. The four most popular TFSAs are Standard Bank Tax-Free Call account, Old Mutual Tax Free Savings Account, Allan Gray Tax-Free Balanced Fund and Nedgroup Investments. Each of these TFSAs offer different fees and returns, so it is important to compare each in order to choose the best one for you. All TFSAs have a limit of R36,000 that can be invested in each tax year, and a lifetime limit of R500,000. Tax-free investments are a great way to invest as your investment returns are exempt from local income tax, dividends tax and capital gains tax.
