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There are more than 100 registered Section 12J companies in South Africa and is estimated that the market has raised more than R3.6 billion in investments.
Global economic expansion fell out of sync this year unlike the previous two years as global growth appeared to have plateaued. This is evident in Q3 where the performance has been less than spectacular.
October was nothing short of a horror show for global equities. The MSCI All Countries World Index lost 7.4% in US dollars in the month, dragging year-to-date returns into negative territory.
South African government bonds are currently out of favour despite providing attractive yields, says Lyle Sankar, fund manager at PSG Asset Management.
The strongest deterrent against FSP compliance missteps is or should be: