The grant of exchange licenses is an attempt by the FSCA, following an amendment to the Financial Markets Act, to create more competition in the stock exchange space in South Africa. Additional competition in a market where one exchange has the monopoly will inevitably benefit the consumer. Competition drives down costs and increases liquidity within…
What is the TLAA? In the past, expats were able to withdraw their retirement funds after completing their financial emigration process. The most recent changes to the Taxation Laws Amendment Act (TLAA) now make it compulsory for South African citizens to prove, according to SARS’ residency tests, that they have been a non-resident for three…
There are certain countries whose GDP highly depends on some key commodities, such as Russia and Canada with oil, or Australia and New Zealand with Gold. This means that when one of these commodities experiences a significant price appreciation or depreciation, the currency of the corresponding country usually follows with it. It is important to…
We are experiencing a point in time where individuals and large institutions have been allocating more of their portfolio values in line with investment strategies that adhere to some degree of Environmental Social Governance criteria (ESG). More commonly known as ‘sustainable’ or ‘green’ investing. According to the 2018 Global Sustainable Investment Review there has been…
CLICKS GROUP LTD (CLS:JSE) Business Profile Clicks Group Ltd. operates as an investment holding company, which engages in the retail trade of healthcare products. The company operates through the Retail and Distribution segments. The Retail segment comprises Clicks, health, beauty, and homeware retailer; Claire’s, retailer of jewelry and accessories; GNC, retailer of health and wellness…
ETFs tend to offer lower operating costs than open-end funds (pooling of money from investor and collectively invested in various securities and asset classes). For a prolonged period of time, mutual funds have provided the world with the ability buy diversification instead of constructing a portfolio one security at a time as mutual funds offered…
Currency of the future Before the US, there were only five other nations that had ‘reserve currency’ status, dating back to the 15th century, namely Portugal, Spain, Netherlands, France and Britain. On average, their ‘reserve currency’ status lasted for 94 years. The US Dollar is heading for 101 years as reserve currency in 2021. Although…
The new Tax Amendment Act introduces some significant changes to the definition of financial emigration. Under the new definition, financial emigration means a person’s tax status changes from being a South African resident to a non-resident. The current laws allow for withdrawals from retirement annuities and preservation funds in the event of a financial emigration…
It gives me goosebumps just thinking about it. The power of compound interest is absolutely astounding. When a good friend of mine who owns a photography business wanted to start investing into his own Roth IRA through me I was excited for him. I immediately thought of how we would spend our retirement years reveling…