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Allan Gray has announced that the Allan Gray Offshore Endowment, which is domiciled in Guernsey, is open for business.
In the wake of the fastest interest rate hiking cycle in decades, there is a growing consensus that global rates have broadly peaked. However, sticky inflation, off the back of a more resilient US economy, suggests that interest rates will now remain higher for longer, with the first rate cut now only expected towards the end of 2024.
FNB has seen a strong demand from clients buying Krugerrands on its trading platforms as consumers embrace alternative asset classes to diversify their investment portfolios. Over the last year, FNB assisted with facilitating the delivery of over 2 200 Krugerrands on its trading platforms.
The strongest deterrent against FSP compliance missteps is or should be: