South Africa
Billionaire financial planning boss reveals dementia diagnosis
The founder and chairman of South Africa’s PSG Group has announced that he was recently diagnosed with an early form of dementia.
South Africa gets $14bn boost by avoiding junk status
Moody’s decision to not downgrade South Africa to junk status has saved the economy about £14bn in outflows from the local bond market, according to an expert from Morningstar.
Momentum Wealth and Provisca part company
Guernsey-based platform Momentum Wealth International is bringing its marketing and distribution back in-house and has ended its contract with Provisca, which had been providing these services.
Dismay at South Africa’s 17% adviser exam pass rate
Only 17% of South Africa’s financial planning students managed to pass the Financial Planning Institute’s (FPI) professional competency examination (PCE) in February, a figure that has caused shock for universities and students throughout the country.
New investment rules to stir up South Africa offshore market
The South African treasury has upped the allowance for domestic funds to be invested internationally in a bid to prise open the offshore market, but will domestic investors be getting on board?