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Private Client Portfolios, the asset management arm of Private Client Holdings, has announced the launch of three new unit trust offerings – the PrivateClient BCI Low Equity Fund, the PrivateClient BCI Medium Equity Fund and the PrivateClient BCI High Equity Fund.
Much has been said lately about the recently amended National Environmental Management Act (NEMA). The new regulations are far more stringent in terms of the financial provisions required for rehabilitation and the financial vehicles allowed to provide for the rehabilitation liabilities. Amendments to the regulations include the restructuring of the underlying investments in the Section 37A Trust, ensuring all investments have an explicit capital guarantee. One of the most significant challenges faced by companies in the mining industry is how to make adequate financial provision for these costs (which now include the difficult-to-quantify post-closure rehabilitation liability), without compromising the financial sustainability of the mine and still complying with regulations.
Transition aligns South Africa to global standards.
Geographical diversification of assets has become increasingly important to South Africans given the country’s lack of economic growth, the rand’s slump and heightened political uncertainty.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?