A Rand investment yielding US$ returns
There is an investment available in South Africa where returns are paid in US dollars. This is totally legal and authorised by the South African Reserve Bank.
The investment is in stainless steel containers. These are manufactured in South Africa by Welfit Oddy (Pty) Ltd and hence the Rand investment. These containers are used for transporting high value liquids such as wines, spirits and non-alcoholic beverages.
Once manufactured (allow 60 days), the container is leased by Braid Logistics (UK) Ltd. A lease is signed and monies are paid out quarterly in arrears. These can be paid anywhere in the world or can be paid into your South African bank account at the ruling exchange rate. This income forms part of your taxable income.
The investment can be written off over 10 years for tax purposes.
The investment cost is around R360,000 and the annual income net of commissions and insurance is around $3600.
It can be bought by an individual or a company or a trust. Should you be interested in pursuing this, please contact Dave Broom who is both an introducer and an investor.
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