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There are now more than 100 registered Section 12J (S12J) companies in South Africa and it is estimated that the market has raised more than R3.6 billion in investments. S12J was instituted in 2009 with a 12 year sunset clause” set to end in June 2021.
While many investors are running offshore, convinced that South Africa and its markets are simply too risky, PSG Asset Management isn’t one of them. On the contrary, the investment team believes that currently, South Africa is a “standout opportunity for investors.”
Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, released the 2018 Investment Banking Fees for the Middle East and Africa region.
It’s no secret that 2018 was a difficult year for investors with most asset classes declining in value both locally and abroad. However, one asset class does stand out amongst the rest – SA’s listed property sector. The listed property market experienced substantial volatility and share price decline during 2018, caused by company specific issues combined with local economic concerns.
The strongest deterrent against FSP compliance missteps is or should be: