Africa
Ex-boss of £6m S. African scam fund loses ban appeal
South Africa’s financial services regulator has dismissed an appeal to overturn the ban of the former boss of collapsed asset manager Interneuron, which swindled investors out of R100m (£5.9m, $7.4m, €6.9m).
DeVere Acuma admits not disclosing commission in S Africa
South African advisory firm deVere Acuma has confirmed that it did not disclose commission charges of nearly £65,000 ($81,114, €75,198) taken from a client’s portfolio over four years, reports local news feed Moneyweb.
Expats in South Africa facing ‘turmoil’ ahead of tax hikes
Wealthy expats living in South Africa are set to be hit hard by sweeping tax increases set to be announced in the country’s budget later this month.
deVere Group ‘under attack’ in S Africa, says CEO Green
deVere Group founder and chief executive Nigel Green has said that his financial advisory firm is “under attack in South Africa” following a series of alarming events aimed at discrediting the group.
South African IFA firm kicks off adviser internship programme
Cape Town-headquartered IFA firm Carrick Wealth has launched an internship programme for university graduates as part of the Carrick Development Academy (CDA) Graduate Programme.