Unlocking the True Value of TFSAs for South Africans
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Unlocking the True Value of TFSAs for South Africans
Satrix Managers
Satrix Managers
Q3 of 2024 | 2 years ago
South Africa’s national savings rate fell to 14% in 2023. The country has one of the world’s worst savings rates compared to its emerging market peers. This has an inevitable knock-on effect, with the Financial Sector Conduct Authority (FSCA) finding that 90% of the population cannot continue the same standard of living in retirement. In the current high-inflation, high-interest cycle, financial advisers have a pivotal role to play in helping clients to save – and invest – what they can.
Nedgroup Investments does not have internal fund managers per se, it select establised asset managers to manage their unit trusts funds.
In 2017 , Lion of Africa existed the unit trust operations to concentrate on assurance business, it operated 2 unit trusts LoA Equity Fund and loA Real Return Fund.
Asset manager Allan Gray UT Manco was founded by the same person Allan Gray in 1973.
All the information presented in this website is generally geared towards educational content , so it does not constitute a personal investment advice.