Brenthurst Wealth investment strategist Magnus Heystek has provided an easy-to-use checklist to protect your money against the failing South African state.<\/p>\n\n\n\n
He provided this information in response to a speech from Free Market Foundation CEO David Ansara<\/a> where he discussed the failing state.<\/p>\n\n\n\n Although South Africa is not yet a failed state, he said the government is failing and has effectively run out of money.<\/p>\n\n\n\n Instead of admitting failure, the state continues to expand its scope and authority, hampering business in the country.<\/p>\n\n\n\n Ansara advised individuals, businesses, and communities to \u2018state-proof\u2019 themselves by becoming self-sufficient.<\/p>\n\n\n\n As a first step, he said individuals and businesses should pay as little tax as possible by using legally acceptable methods.<\/p>\n\n\n\n He also urged big businesses to stop supporting the government. Instead, people should support civil society organisations that are creating alternatives to the state.<\/p>\n\n\n\n Heystek agreed with Ansara\u2019s views but felt he could have gone further on some of his proposals to protect wealth.<\/p>\n\n\n\n \u201cAll wealthy South Africans should offshore as much of their wealth as possible \u2013 a financial get-off-the-grid-strategy \u2013 to protect their lifestyle in South Africa,\u201d he said.<\/p>\n\n\n\n He believes the best way to state-proof yourself and your family is to create structures in a place such as Mauritius by setting up trusts, companies, or foundations.<\/p>\n\n\n\n \u201cThe more you can break the hold the state has or could have over your financial affairs, the better,\u201d Heystek said.<\/p>\n\n\n\n Protect your money against the failing South African government<\/strong><\/p>\n\n\n\n Heystek provided a strategy to protect your wealth and state-proof it against the ANC government. The full version is available on Biznews<\/a>.<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n Heystek said this strategy will help protect your wealth and place you in a position to emigrate should South Africa become untenable and risky.<\/p>\n\n\n\n This article was first published by Daily Investor and reposted with permission. Read the original here<\/strong><\/a>.<\/em><\/p>\n\n\n\n\n
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