In this Smart Money with Alishia Seckam interview, Discovery’s Harry Joffe and Jennifer Arendse unpack the benefits of offshore investing. Harry Joffe is the Head of Legal Services at Discovery and has worked at the company for 23 years.

He boasts extensive expertise in tax planning, insurance law, estate planning, and trusts.

Jennifer Arendse is the GM of Investment Marketing at Discovery.

She boasts extensive expertise in crafting results-focused strategies that align with the specific needs of each company she works with.

Arendse is a certified financial planner with an MBA from the Gordon Institute of Business Science (GIBS) and has nearly 20 years of experience in financial markets.

The interview begins with Arendse discussing why South Africans should consider offshore investing.

Arendse also unpacks which offshore investments offer the best risk-reward balance, emphasising that offshore investing should almost always be seen as a long-term game.

Joffe then explains what offshore endowment wrappers are and why they are so tax-efficient.

Arendse and Joffe expand on this by detailing what South Africans should look for when choosing the right offshore endowment wrapper product.

Arendse concludes the interview by emphasising the importance of working with a financial advisor when investing offshore.