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Although the actual commencement date of the Protection of Personal Information Act No. 4 of 2013 (POPI) is yet to be determined by the President, it has been made very clear that when this date is confirmed, organisations will have one year to demonstrate compliance with this legislation.
In a technology rich society, trading funds over the internet has grown in prominence over conventional methods of investing. In essence, the Exchange Traded Product (ETP) has grown up.
In just ten years, Facebook founder Mark Zuckerberg has built a business worth $155 billion, which is nearly 13 times bigger than dual-listed insurance giant Old Mutual, a mainstay of the JSE with a track record that spans more than 100 years. This is one of the reasons why South African investors need to remember that the investment universe extends far beyond the South African borders.
The 18th annual very prestigious Raging Bull Awards, which recognise excellence in longterm fund management, was recently held at the Old Mutual Conference Centre in Kirstenbosch, Cape Town.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?