When Offshore Assets and Local Wills Clash
Opening position As more South Africans hold assets offshore, estate planning has become more complicated. A person may have a South African will, an offshore will, foreign bank accounts, overseas investments or property in another jurisdiction. The risk is not simply that there are two wills. The risk is that the documents conflict, overlap or […]
Why Foreign Buyers Are Often Limited to a 50% Bond in South Africa
Opening position Foreign buyers are often attracted to South African property, but the financing process can be different from what they expect. One of the most common surprises is that banks may limit the bond available to a non-resident buyer. The practical rule often encountered is that the buyer may need to introduce a significant […]