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Almost a year ago, National Treasury surprised the investment community by announcing several amendments to Regulation 28, the key change being to allow exposure to foreign assets up to a maximum of 45%.
We live in tumultuous times. Since one of the steepest interest rate increases commenced last year, and with a recession on the horizon, the focus of the prudent investor needs to shift away from solely focusing on potential upside towards mitigating downside risk as well.
While we may enjoy fooling our family and friends on April Fool’s Day every year, nobody ever likes to think that that they fool themselves. We like to think that we’re rational beings who make logical, unbiased decisions by weighing all the facts and then reasoning to make the most sensible choice.
The strongest deterrent against FSP compliance missteps is or should be: