SA vs Offshore Investing: What's The Right Split?

South African investors are often split into two polar-opposite camps.

Camp one: “Take your money offshore. South Africa is not investable. We want to live here, but we don’t want to invest here.”

Camp two: “Stay invested locally. The JSE is cheap and full of opportunity. And hey, we even have Rassie.”

Both sides make good arguments. What’s our take? Let’s jump in!

Here’s the video where we break it all down in the MoneyMoves Studio.

Important disclaimer:

Perspective: SA on the Global Stage

In 2026, we have the amazing privilege of being global investors.

We can invest our money almost anywhere in the world - the US, Europe, Asia, the UK, and yes, even Kazakhstan.

So the question is:
Knowing that we can invest offshore, should we? 

Introducing: The Alien Test

Imagine you’re an alien looking down at Earth.

Say hi to Ingrid the alien 👽👇🙋‍♂️

Looking down, you’ll notice:

• Where people live

• Where economic activity happens

• Where the biggest companies are

• Global geopolitics

Now you zoom in to the bottom of Africa… And here you find a country called South Africa.

Beautiful country. Rainbow nation. Looks like a lekker place. People braai there. They’ve won four Rugby World Cups. So yes - we do invest in South Africa. There are great opportunities here, and we know the market well.

However, given that South Africa represents less than 1% of the world’s population and global economic activity, is it prudent to invest most - or all - of your money here?

The World Is a Big Place:

Let’s start with the Land of the Free: The United States

Most of the world’s economic activity (from a stock market perspective) sits in the United States. And within the US, the technology sector dominates by a wide margin.

Although these companies are listed in the US, their revenues come from all over the world. Think about the companies themselves:

• Nvidia: the GPU inside many of the computers and AI systems running today.

• Apple: Chances are you’re reading this on an iPhone.

• Microsoft: Excel and Word are part of daily life for millions of professionals.

• Google (Alphabet): The world’s default search engine (and now Gemini).

• Meta: WhatsApp, Instagram, Facebook.

The US market is still the largest and most dominant investment destination in the world. That said, investors are becoming increasingly cautious.

“Trump is so unpredictable”

“We’re in an AI bubble”

“The dollar is coming to an end”

So the question naturally follows: Is the US still the best place to invest?

If Not The US… Where Then?

There’s an abbreviation often used in investing: TINA - There Is No Alternative. If not the US… where then?

• The UK is not looking great.

• Europe is… okayyyy.

• China is always a 50/50 story.

Before you know it, you’re looking at Asia, India, and Africa. And now you’re playing a much more interesting game.

The US might not be perfect. But the rest of the world isn’t exactly screaming “pick me” either.

How Are We Playing It?

Up to about a year ago, our global equity allocation was roughly 85% in the US. We’ve reduced that to about 65%. The ex-America allocation is mostly in Asia.

Most of our clients are invested in our Unconstrained Fund - a global full-equity fund. The details:

• Allocation: Full equity exposure, worldwide allocation

• Benchmark: MSCI World

• Strategy: Built for long-term wealth creation

I don’t have a crystal ball. But so far, we’re doing pretty damn decent.

PS: Durbanville, we’re on our way!

Durbanville, we’re coming for you.  We’ve hosted this MoneyMoves Masterclass in Stellenbosch and Cape Town, and now we’re bringing it to your neighbourhood. We’ll unpack smart investing, crypto, gold, and what’s currently moving the market. 

📍 Venue: Aurora
📅 Date: Thursday 26 March
⏰ Time: 18:00 – 20:00

It’s a 45-minute talk, a 20-minute interactive Q&A, then snacks and proper conversation. Whether you’re a rookie investor or the local Warren Buffett, you’ll leave with clearer thinking and a stronger plan.

Topics on the table:

• Global Markets: Should you invest locally or internationally?

• Crypto Check-In: Pyramid scheme or new monetary system?

• Gold Rush: Why is the price skyrocketing (and will it keep going)?

Expect canapés better than any wedding you’ve ever attended, a glass of wine (or coffee, if that’s your vibe), and a crowd that makes money conversations feel normal.

For more info, visit the website via this link.

Registration is required due to limited seating. Please register via the Google Form, and we’ll confirm your seat via email.

Who Are We?😎

Paul Roux

Ingrid Kluckow

Our Full Offering🎖️

We have extended our value offering to five key pillars:

1. Investments

2. Insurance

3. Arbitrage

4. MoneyMoves

5. StockMaster (coming soon!)

Thank you for trusting us with your wealth. If you have any questions, want to review your portfolio, or just want to chat about what’s happening in the markets, feel free to reach out anytime.

Warm regards,
Paul & Ingrid