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As South African investors increasingly opt for taking money offshore as worries about the political and economic future mount, they are frequently making costly mistakes which could undermine the very benefits of investing overseas.
National Treasury appears certain to retain changes to the Section 12J tax incentive, which allows South Africans to write off 100% of the investment against their taxable income whilst simultaneously benefiting from attractive returns, creating jobs and stimulating the economy.
A third of Stonehage Fleming investment clients in South Africa are women and the number is growing, according to Reyneke van Wyk, Head of Stonehage Fleming’s Investment Division, South Africa.
The strongest deterrent against FSP compliance missteps is or should be: