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Recent statistics from the Association for Savings and Investment South Africa (ASISA) show that South African Interest Bearing portfolios attracted the bulk of net annual industry inflows for the year ended June 2019, followed by Money Market portfolios. On the flipside, the South African Equity – General category recorded net outflows.
September started with the introduction of the first round of tariffs put in place by both the US and China and hopes of a tariff agreement bubbled under for the rest of the month, with a high profile meeting due to take place between the two countries in Washington in October.
The strongest deterrent against FSP compliance missteps is or should be: