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The recent market volatility during the GameStop saga mirrors the events in the well-known film adaptation of the book “The Big Short”.
The South African Reserve Bank (SARB) issued Exchange Control Circular No. 1/2021 on 4 January to lift the restriction on the so-called ‘loop structure’ in order to encourage inward investments into South Africa.
Momentum Global Investment Management (MGIM), Momentum Investments’ international investment management division, has appointed Andrew Hardy as Director of Investment Management as the business positions itself for further growth in the UK.
The rand has certainly been on a tumultuous ride in the 12 months since the 2020 State of the Nation Address (SONA). After trading below the R15/$ mark in February last year, the local unit quickly stepped off the cliff, weakening rapidly to bottom out at above the R19/$ mark in April as COVID-19 panic took hold of markets.
The strongest deterrent against FSP compliance missteps is or should be: