Pressing aggressively offshore has not always worked out for JSE-listed companies in search of rand hedge status.

For every Naspers, Remgro (see Richemont and British American Tobacco), Aspen and SA Breweries, investors can also count a good number of costly offshore forays — Woolworths, Truworths, Mediclinic, Ascendis and Famous Brands, to name a few. Gaming group Sun International has just finalised the sale of its Latin American investments...

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