How have changes to regulation 28 affected SA's investment market?
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How have changes to regulation 28 affected SA's investment market?
Sygnia Collective Investments
Sygnia Collective Investments
Q1 of 2024 | 3 years ago
The recent SA Reserve Bank amendment to regulation 28’s foreign investment limits, which now permits retirement funds to invest 45% of their assets overseas, has introduced an expanded realm of opportunities and a heightened level of risk.
Mvunonala Investments in 2017 was embroid in a scandal that involve the dissappearing of huge monies in Bophelo Beneficiary Fund. It never recover from that scandal.
The operation licence of Stringfellow Asset Management was revoked after it was found operating an illegal investment ponzi scheme. Stringfellow was established by Thomas Stringfellow.