The SA Reserve Bank will not interfere with future regulations regarding cryptocurrencies because people are free to choose which assets they want to invest in.
Cryptocurrency has been gaining momentum in South Africa and the government made it clear in its 2022 Budget Speech that they are taking it very seriously, says…
Cryptocurrency has been gaining momentum in South Africa and the South African government has made it clear, in the 2022 Budget Speech, that they are taking it very seriously. In the Budget Review 2022, the government has laid their cards on the table by proposing that regulatory bodies need to be established to safeguard the crypto owner. Government has taken the interventions proposed by the Intergovernmental Fintech Working Group (“IFWG”) which stipulate the following:
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app instead?
Large multi-asset funds lose ground.
By Patrick Cairns
21 Jan 2021 00:01
The Allan Gray Balanced Fund saw net withdrawals of R13.3bn but is still comfortably the largest unit trust in the country. Image: Supplied
Local investors appear to be losing some of their affinity for the countryâs largest multi-asset unit trusts.
According to Morningstar data, eight of the 10 local funds with the highest net outflows last year are among South Africaâs 25 largest unit trusts overall. Four of them are in the top 10 by size.
All 10 of the funds that experienced the most substantial net outflows last year are multi-asset portfolios. Five are high equity funds, three are low equity funds, and there is one each from the multi-asset flexible and multi-asset income categories.