Financial advisers welcome increase in offshore investment allowance

📆 24-02-22 21:55:00
📰 BDliveSA

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

Belgique Nouvelles Nouvelles

In his budget speech, finance minister Enoch Godongwana said changes to regulation 28 will allow greater offshore exposure 🔒

Financial advisers have welcomed finance minister Enoch Godongwana’s budget speech announcement that pension funds will soon be allowed to invest as much as 45% of their assets outside SA.

Godongwana said on Wednesday that changes to regulation 28 of the Pension Funds Act, due to be published in March, will allow insurance, retirement and savings funds to invest 35% of their assets offshore, up from the previous limit of 30%. If one includes the 10% allocation for investment in other African markets outside SA, that takes the total international investment allocation for local investors to 45%...

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

LIVE | Finance Minister Enoch Godongwana delivers his maiden budget speech | Fin24Finance Minister Enoch Godongwana will announce how much money the government has received from taxpayers and how it plans to spend it when he delivers his maiden budget address this afternoon.
La source: Fin24 - 🏆 21. / 63 Lire la suite »