South Africa
Analysis: South Africa’s commission conundrum continues
Upfront commission remains a burning issue in South Africa, as the nation’s financial advice sector awaits the regulator’s next move following the signing of the ‘Twin Peaks’ legislation into law.
Investment | 25 Oct 17
Momentum Wealth Intl expands fund range
Fund managers Fidelity, Gam, Henderson, JP Morgan, Morgan Stanley and Schroder have been added to Momentum Wealth International’s Select Fund Range.
Best Practice | 5 Oct 17
South Africa Best Practice Adviser Award winners revealed
The winners in South Africa for International Adviser’s Best Practice Adviser Awards 2017 series were revealed on 5 October at the Vineyard Hotel in Cape Town.
First million tax free, concedes South Africa
Plans to scrap a tax exemption on overseas earnings have been watered down by the South African Treasury and a tax-free allowance of ZAR1m (£57,143, $76,003, €63,904) introduced instead following pressure from expats and interest groups.
Issuing tax laws by press release perilous for South Africa
Introducing tax legislation by press release and putting changes into place with immediate effect puts South African taxpayers in an “impossible position”, a tax expert has warned.