6 best safest investments in south africa moneytoday
Here are 6 of the safest investments in South Africa, in no particular order:
- Fixed Deposit Accounts: Fixed deposit accounts offered by banks such as Absa, FNB, and Standard Bank are considered one of the safest investments in South Africa. They offer a fixed interest rate for a specific period, usually ranging from 1 to 5 years.
Return: 6.5% to 8.5% per annum
Risk: Very low to low
- Government Bonds: Government bonds are issued by the South African government to raise funds for various projects. They offer a fixed interest rate and are considered a low-risk investment.
Return: 8% to 12% per annum
Risk: Very low
- Money Market Funds: Money market funds invest in low-risk, short-term debt instruments such as commercial paper and treasury bills. They offer liquidity and a relatively low return.
Return: 5% to 7% per annum
Risk: Very low
- Unit Trusts: Unit trusts are a type of collective investment scheme that pools money from many investors to invest in a diversified portfolio of assets. They offer a relatively low-risk option with a potential for long-term growth.
Return: 8% to 12% per annum
Risk: Low to moderate
- National Savings Certificates: National Savings Certificates are a type of savings instrument offered by the South African government. They offer a fixed interest rate and are considered a low-risk investment.
Return: 6.5% per annum
Risk: Very low
- Term Deposits: Term deposits are offered by banks and other financial institutions. They offer a fixed interest rate for a specific period, usually ranging from 1 to 5 years.
Return: 6.5% to 8.5% per annum
Risk: Very low to low
Please note that the returns mentioned above are approximate and may vary depending on the specific investment product and market conditions. It's always important to do your own research and consider your own financial goals and risk tolerance before investing.