Tank containers to increase wealth offshore

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For individuals who wish to expand their offshore portfolios above and beyond government’s R4-million allowance, tank containers still remain the only viable, sure, unlimited and legal means to increase their wealth offshore, with the endorsement of the South African Reserve Bank, reports Port Elizabeth-based tank container investment management company Premier Tank Solutions’ (PTS’s) James Paynter.

“The company has continued to adapt to change in market conditions and legislation, despite the resulting challenges and the vastly changed environment in which PTS first entered tank investment management, in 1993. Today, the company is still positioned as the only manager to offer a distinctively structured product with exclusive benefits,” he says. PTS provides investors with a means of supplementing their foreign investment 
allowance and externalising their rand wealth over five to seven years.

Further, it is a structure that has few 
unknowns and variables, with a known capital cost, a dollar income stream and costs providing a known return over a known 
period, with known end-of-lease terms, adds Paynter.

“When PTS entered the market 17 years ago, tank containers were the only legal means South African residents had to invest offshore, as it was fully endorsed by government, owing to the benefits that it provided the South African economy,” he explains.

Government foresaw the advantages of tank container investment as the establishment of manufacturers of the highest-quality high-spec product in compliance with international standards to attract investors, the provision of valuable skilled and semiskilled employment, the ultimate beneficiation of raw materials (stainless steel, high-grade carbon steel, aluminium, paint), valuable foreign-earned income for the country and a legal means for South Africans to invest offshore and earn foreign income without the authorities losing control of the asset.

 

Read more about container manufacturer on www.shipping-container-housing.com