Clock ticking for South African tax amnesty

Clock ticking for South African tax amnestyLock icon

Taxpayers in South Africa have less than a month to come clean and regularise any undisclosed or unauthorised foreign assets or income before the country’s Special Voluntary Disclosure Programme (SVDP) ends on 31 August.

Published : 7, Aug 2017
Top destinations for sun-seeking British expats

Top destinations for sun-seeking British expats...Lock icon

Summer in the UK this year has been a brief affair, so it comes as no surprise that nearly two-thirds of British expats think about the weather when planning their moves abroad. But sunshine isn't the only factor prospective expats should consider.

Published : 4, Aug 2017
Liquidators label collapsed Louis Group as ‘worthless’

Liquidators label collapsed Louis Group as ‘worthless’...

Liquidators for collapsed Isle of Man-based property investment firm Louis Group have said that, following legal advice, they will not pursue claims against Louis Group IoM’s insurers, its parent company in South Africa or founder Alan Louis, reports local newspaper IOM Today.

Published : 31, Jul 2017
South African regulator bans adviser exam cheats

South African regulator bans adviser exam cheats...

South Africa’s Financial Services Board (FSB) has taken action against a large number of individuals who cheated or facilitated cheating on exams to become qualified financial planners.

Published : 28, Jul 2017
Hansard grows despite dip in Middle East & Africa activity

Hansard grows despite dip in Middle East & Africa...

Specialist long-term savings provider Hansard Global has continued to grow on a year-on-year basis despite a halt in new business expansion from the Middle East and Africa region in the fourth quarter.

International Adviser magazine goes digital

International Adviser magazine goes digital

After 12 years of printing monthly copies, International Adviser is going digital from September. This exciting development will allow us to shape our content differently as the markets around the world evolve.

DeVere CEO slams South African expat tax as discriminatory

DeVere CEO slams South African expat tax as discriminatory...Lock icon

South Africa’s decision to tax expats and overseas workers on their foreign income is totally unjust, highly discriminatory and achingly regressive, says deVere Group founder and chief executive Nigel Green.

Published : 25, Jul 2017
S Africa to scrap tax exemption for expats, overseas workers

S Africa to scrap tax exemption for expats, overseas...

South Africans living and working in no and low tax jurisdictions will no longer be exempt from paying tax on their overseas earnings from March 2019 under proposals from the country’s Revenue Services (Sars).

Published : 24, Jul 2017
OMI unveils offshore bond for Middle East and Africa

OMI unveils offshore bond for Middle East and...

Life insurer Old Mutual International (OMI) has launched an offshore bond for advisers in the Middle East and Africa as part of a revamp of its global offshore bond range.

Published : 24, Jul 2017
IoM’s collapsed Louis Group gets second director ban

IoM’s collapsed Louis Group gets second director...Lock icon

A second Isle of Man director of South Africa-headquartered Louis Group, which saw 700 investors lose at least £60m ($78m, €67.4m), has been disqualified as a director.

Published : 21, Jul 2017
Prudential enters Nigeria with landmark acquisition

Prudential enters Nigeria with landmark acquisition...

UK insurer Prudential is set to "redefine" the Nigerian life insurance industry after acquiring a majority stake in Zenith Life and forming exclusive bancassurance partnerships with Zenith Bank in Nigeria and Ghana.

Published : 13, Jul 2017
Most expensive global expat cities 2017

Most expensive global expat cities 2017Lock icon

Five Asian and three European cities were among the 10 most expensive places for expats to live, with the dubious honour of being the most expensive bestowed on the capital of Angola.

Published : 21, Jun 2017
Science beats psychology in advice, says S Africa’s PCH

Science beats psychology in advice, says S Africa’s...Lock icon

With South African clients focused on overseas investment opportunities, local wealth manager Private Client Holdings (PCH) uses investment science rather than psychometric testing to advise clients.

Published : 12, Jun 2017
Professionals are the future of South African advice

Professionals are the future of South African...

With game-changing regulation on the horizon, Kieron McRae, development and brand director at South African advice firm Carrick Wealth, talks about how the industry and can only thrive by becoming more professional and investing in training the next generation of advisers.

Published : 9, Jun 2017
Why a wealth tax in South Africa won’t work

Why a wealth tax in South Africa won’t work

In April, a committee set up to review South Africa's tax system unveiled plans to introduce a new wealth tax as the country struggles to deal with extreme income inequality and a dwindling tax base. Here we look at the reasons it’s unlikely to work.

Published : 8, Jun 2017
South Africa’s RDR to tighten independence rules for advisers

South Africa’s RDR to tighten independence rules...Lock icon

When South Africa’s Retail Distribution Review (RDR) is fully introduced, product suppliers to IFAs will be held much more accountable for customer outcomes, according to Caroline da Silva of the country’s main regulator, the Financial Services Board.

Published : 1, Jun 2017
South Africa's Investec to expand into life insurance

South Africa's Investec to expand into life insurance...

South Africa-headquartered asset manager Investec has announced it will expand into offering life insurance to its clients.

Published : 22, May 2017
South Africa’s Sanlam increases stake in Moroccan insurer

South Africa’s Sanlam increases stake in Moroccan...

South Africa's financial services group Sanlam and leading insurer Santam have increased their stake in Morocco’s SAHAM Finances for $329m (£254m, €298m).

Published : 18, May 2017
DeVere appeals South Africa court ruling on ex-manager payoff

DeVere appeals South Africa court ruling on ex-manager...Lock icon

DeVere Investments has appealed a court ruling that it must pay ZAR3.7m (£217,380, $280,535, €256,142) in outstanding commission, notice paid and an unpaid portion of a bonus to an area manager it fired.

Published : 16, May 2017
Ex-deVere South Africa manager wins court payout

Ex-deVere South Africa manager wins court payout...Lock icon

A sacked area manager of deVere Investments South Africa who faced off against group chief executive Nigel Green in court has been awarded a ZAR3.7m (£217,380, $276,020, €252,420) payout.

Published : 15, May 2017

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