By: Sovereign Trust SA The Indian Ocean islands of Seychelles and Mauritius were recently removed from two key global blacklists. The Seychelles was taken off from the European Union’s list of high-risk countries in early October, while Mauritius was removed from the Financial Action Task Force’s (FATF) grey list of countries under increased monitoring. This...
There is a great deal of publicity regarding the importance of diversifying your investments offshore, and rightly so. Not only does it provide protection against political risk, economic risk and a weakening rand, but importantly, it also provides access to a greater investment opportunity set.
People are becoming digital nomads as a result of the pandemic, earning a living working online in various locations around the globe. Previously a privilege afforded to relatively few, 2020 ushered in a new era in which working remotely has become commonplace.
Local investors might think the grass is greener on the other side, due to the myriad of challenges our country faces. In recent months, however, we have seen some of the country’s largest and most reputable investment managers warm up to domestic assets, often citing that poor sentiment has created an opportunity too attractive to ignore.
Momentum Wealth, one of the largest linked investment service providers (LISPs) in SA is proudly celebrating 25 years in the investment industry. “We started doing business as Momentum Administration Services (MAS) in September 1996,” says Hymne Landman, Head of Momentum Wealth.
An exchange traded fund (ETF) is a type of security that tracks an index, sector, commodity, or any other asset. It offers cost-effective access to indices across various industries and geographies. Marc Krom, Regional Manager at Glacier International explains how ETFs – available on Glacier International’s platform – bring you into the realm of global investing.
If you own assets outside of South Africa, your estate may have foreign tax liability upon your death. These foreign estate taxes, also known as inheritance tax, can be avoided by holding certain investible assets (e.g. ETFs and shares) in an offshore life wrapper or policy.
The official launch of Access Bank South Africa Limited took place on Monday, marking another step in engraving the bank into the continent’s history. Noting the enthusiasm of all parties leading up to the day, Access Bank CEO Herbert Wigwe says the SADC region represents the strongest economy on the African continent. “This means Access Bank SA is firmly seated in one of the principal geographical areas apart from Nigeria, in terms of the size of the economy, and unlocks the gateway to the entire Southern African region.”
“We live in a global village and as such we’ve seen increased appetite from investors for moving money abroad,” Jeanette Marais, Momentum Investments CEO and Deputy CEO of Momentum Metropolitan, told the recent Momentum Investments Global Matters conference – an annual event aimed at equipping advisers with insights to enhance discussions about offshore investing.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za