Demand has moved a lot more this year to offshore exposure, according to Brett Dugmore, head of structured solutions, South Africa at BNP Paribas, speaking on the product innovation panel at SRP Africa in The Maslow in Johannesburg on November 2. "From a derivatives perspective, what is different this year, is that investors have pushed much more for products that are genuine hard currency that externalise their cash," said Dugmore. "That is driven by political uncertainty." The demand is still

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