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The ongoing accounting issues at Steinhoff have again highlighted the need for better governance and risk oversight in the world of investing. Steinhoff has impacted South African as well as global investors who have suffered financial losses, and it unfortunately will not be the last.
Investors wanting to mitigate domestic risks are encouraged to “think global.”
You are in your late 30s and have suddenly realised that financially you aren’t ready for your children’s education or marriage. Worse still, you haven’t even secured a house. Don’t despair, for you are not alone. Many of us start chasing our goals quite late in life. The good news is that you may still own a house, retire comfortably and see your children settle down.
When it comes to cryptocurrencies, an area that is often overlooked is that of exchange control, and whether the acquisition or trading in cryptos may (even inadvertently) lead to a transgression under the exchange control regulations.
The strongest deterrent against FSP compliance missteps is or should be: