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Thread: buying a business or investments

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    buying a business or investments

    hello people, actually im a foreigner in south africa, but lets say i have an amount of $50,000 which is about R350K - R370K, what would be the best advice if i want to invest all in south africa.? Help needed please and this is serious/

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    Platinum Member Chatmaster's Avatar
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    It probably depends on your current financial status so in other words how diverse is your financial portfolio already.

    If you do not have a diverse investment portfolio you will probably have to look at investing your money with less risk. Investing in a business especially in South Africa can be very risky and 350k is not a lot of money to start a business or buy an existing business with.

    If you are willing and able to deal with the financial risks then I would say there are plenty of opportunities in the country as it seems like the country is growing rapidly and will do so for some time to come.
    Last edited by Chatmaster; 27-Feb-08 at 08:32 AM.

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    Site Caretaker Dave A's Avatar
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    There was quite a good discussion on investment options here.
    The trouble with opportunity is it normally comes dressed up as work.

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    i did click on Dave's "discussion on investments options". there has been discussion on property investment. i've never been able to fathom this & am not sure if i asked this same thing in another forum. if one buys a flat for investment purposes and forks out money each month from his own pocket, as the rental received does not cover the levy+ interest on bond payments, can the investor then claim this loss against his taxable income? i've been told no & don't agree.

    if one reverses the situation where the rent received is higher than the expense (interest + levy etc ), this profit has to be declared for tax purposes. i know this to be true.

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    Site Caretaker Dave A's Avatar
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    Flaker, this might be a ring fencing issue. If someone doesn't clear up your question here, try asking again in the tax forum.
    If it is a ring fencing problem, the solution would be to have the property held in a company where taxable losses can be carried over and claimed back in subsequent financial years
    The trouble with opportunity is it normally comes dressed up as work.

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