Africa
EU announces first blacklist sanctions
The EU Commission has sent a “wake-up call” to those on its blacklist for non-cooperative tax jurisdictions, announcing its first sanctions to counter their “aggressive tax practices”.
Dismay at South Africa’s 17% adviser exam pass rate
Only 17% of South Africa’s financial planning students managed to pass the Financial Planning Institute’s (FPI) professional competency examination (PCE) in February, a figure that has caused shock for universities and students throughout the country.
New investment rules to stir up South Africa offshore market
The South African treasury has upped the allowance for domestic funds to be invested internationally in a bid to prise open the offshore market, but will domestic investors be getting on board?
PEOPLE MOVES: Investec, NN IP and Heartwood
NN IP chooses its lead portfolio manager of emerging market debt, Investec hires its UK institutional sales director from Goldman Sachs and Heartwood makes a raft appointments to its investment team.
South Africa’s tax chief suspended
In a bid to boost investor confidence, South Africa’s new president Cyril Ramaphosa has suspended the head of the tax service after he refused to resign.