I picked three random South African banks to check their fixed deposit rates. I was surprised how high the returns were, between 9% & 12% per annum.
I haven't thoroughly researched SA banks, their risk, foreigners opening deposits there, etc, but could be worth a little more research.
Welcome to Investec :: Cash Investment Rates
https://www.fnb.co.za/aboutus/rates/fixedDeposit.html
Bidvest Bank - Deposits and Investments
I haven't thoroughly researched SA banks, their risk, foreigners opening deposits there, etc, but could be worth a little more research.
Welcome to Investec :: Cash Investment Rates
https://www.fnb.co.za/aboutus/rates/fixedDeposit.html
Bidvest Bank - Deposits and Investments