Africa
South Africa budget increases wealth tax
South Africa’s finance minister has announced an increase in estate duty from 20% to 25% for those with properties worth ZAR30m (£1.8m, $2.7m, €2.1m), a move a legal expert says will have a “significant effect” on the nation’s wealthy.
S Africa advisers want ‘cool heads to prevail’ post-Zuma
The resignation of South Africa’s embattled president Jacob Zuma is a positive step for the country’s economy, but advisers warn the change of guard does not guarantee success for the struggling nation.
Bitcoin to become ‘significant feature’ in modern day divorce
The rise of cryptocurrency, and in particular Bitcoin, means divorcing couples may use the currency to hide their wealth from one another, warns a family law expert.
The story of a young financial planner firm in South Africa
A volatile political landscape, constant regulatory upheaval and a recent economic downgrade to junk status are just some of the many challenges an adviser must overcome when setting up a new financial planning firm in South Africa.
Offshore specialist in Middle East and Africa expansion
Offshore financial services specialist Ocorian is to acquire ABAX, an integrated advisory, corporate and business services provider based in Mauritius.