A Fin24 reader currently living in the UK wants to know if he should reinvest his matured investment fund back into SA or move the funds to the UK. He writes:My R1.3m investment matured in June , I’m living in the UK at the moment. Do I reinvest in SA, or move the funds to the UK? That income could be transferred into a Blocked Rand bank account (non-resident bank account). A Blocked Rand bank account is a vehicle via which capital transfers out of South Africa flow for exchange-control purposes.

Source: News 24 July 15, 2020 05:01 UTC