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A survey released by EY today indicates that banking confidence fell in the fourth quarter of 2015, with retail banking confidence, particularly pressured, and reaching half the levels of investment banking. Investment banking confidence remains somewhat stronger, despite falling 12 index points.
It is anticipated that the current South African taxation legislation that governs the specific elements around Murabaha and Sukuk will be extended to cover listed companies, effective January, 2016.
The role of custodians is advancing beyond traditional functions of safeguarding assets and settling trades, to the full administration of pension fund investments.
From time to time, small and medium-sized businesses are strapped for cash as their funds are often locked in invoices that have not yet been paid. This is one of many reasons businesses should consider using Selective Invoice Discounting to release funds and improve cash flow. Selective Invoice Discounting can allow you to increase turnover, improve cash flow thus improving your total profitability.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?