Mauritius-based AfrAsia Bank granted license in boost to SA expansion

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Mauritius-based AfrAsia Bank granted license in boost to SA expansion
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High net-worth individuals financial service provider, AfrAsiaBank been granted a license by fscasouthafrica that will allow it to provide advisory and discretionary products in South Africa. Moneyweb HNI NtandoThukwana

AfrAsia Bank, which offers offshore investing and other financial services to high net-worth individuals has been granted a license by the Financial Sector Conduct Authority that will allow it to provide advisory and discretionary products in South Africa.

South Africa’s private wealth plunges Currently the bank’s offering to South African clients, which it has been rendering since 2009 when it established its Johannesburg representative office, includes corporate and financial institution loans, trade finance and treasury, foreign exchange, money market, current and savings accounts, and structured products.

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