Publications
Partners
Cape Town - Investments in assets such as boats could be considered as part of a well-balanced investment portfolio, according to Daniel Snyman, regional sales manager (Africa, Mauritius & Seychelles) of The Moorings Private Sales and Moorings & Sunsail Charter Yacht Ownership.
"These yachts are not only a low risk asset-based investment, but also a feasible alternative for both South African as well as foreign investors as they foster hard currency returns," he said.
Global yacht charter companies such as The Moorings – with over 40 years of existence – offer yacht ownership programmes that pay a 9% per annum guaranteed income for five years plus usage.
“Our owners enjoy this guaranteed income regardless of charter activity, as well as zero operating expenses, worry-free maintenance and extensive use of their yachts and sister ships worldwide,” said Snyman.
According to BUC’s Used Boat Price Guide boats retain up to 80% of their capital value. It’s also a legal option for investors to externalise wealth and own a tangible movable asset that can be placed in a charter market.
The Moorings has pooled its expertise with South African boat builders Robertson and Caine to design a line of cruising catamarans, a serious competitor in the international catamaran market.
Investors should “treat boat buying with care” said Snyman. “Buy a boat that is made by a renowned boat builder, and always choose a good design to make sure you can sell the boat quickly when you need to.”
Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers. Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.
