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South Africa’s expat tax diluted after pressure pays off

By: Gary Robinson | 15 Sep 2017

South Africa’s National Treasury has reacted to pressure from expats all over the world, over its plans to scrap a tax exemption on overseas earnings and announced that…

PEOPLE MOVES: Old Mutual Wealth, Generali Investments

By: International Investment Staff | 13 Sep 2017

Old Mutual Wealth, the UK-based wealth management arm of South Africa’s Old Mutual plc, has named John Porteous to  the newly-created role of retail customer solutions director.…

Old Mutual Wealth launches new multi-asset biz as 2018 ‘managed separation’ nears

By: Gary Robinson | 04 Sep 2017

Old Mutual Wealth is creating a new multi-asset business, that will sit as a separate investment entity from its current investment arm Old Mutual Global Investors (OMGI).…

No-frills bank challenges South Africa’s Big Four

By: Eugene Costello | 01 Sep 2017

In a country where a significant percentage of the population cannot afford a bank account, a ‘budget bank’ is challenging the market share of the ‘big four’…

Clock ticks for South African expats looking for tax U-turn

By: Eugene Costello | 24 Aug 2017

Time is running out for South Africans living abroad and hoping to force the government to back down on plans to tax SA workers for the money…

PEOPLE MOVES: Barclays Private Bank, Premier Assurance Group, Ogier

By: International Investment Staff | 22 Aug 2017

Barclays Barclays has named Bjorn Holderbeke to head up its MENA global investments and solutions (GIS) operations for its private banking business in that region, based in…

Old Mutual Wealth moves strongly into profit as it prepares for life after OM plc

By: Helen Burggraf | 11 Aug 2017

Old Mutual Wealth, the UK-based arm of Old Mutual plc, moved strongly into profit in the six months to the end of June, compared with a loss of…

Why we see a future in the ‘Lions of Africa’: Carrick CEO

By: Craig Featherby, Chief Executive, Carrick Wealth | 03 Aug 2017

Late summer is a time when stories about the year’s annual flotilla of boatsful of African migrants attempting to emigrate to Europe appear in the world’s news…

Carrick Wealth issues call for advisers as it maps out pan-Africa expansion

By: Helen Burggraf | 02 Aug 2017

Carrick Wealth, a Cape Town, South Africa-based, expat-focused advisory firm founded in 2014 by four already-Africa-based financial advisers, has launched a recruitment drive, as it prepares to…

Major Dubai, Singapore banks expanding into new markets

By: Helen Burggraf | 27 Jul 2017

The Dubai Islamic Bank has revealed plans to expand in East Africa, once it settles into its new base in Kenya, where it obtained regulatory permission to…

DeVere CEO hits out at ‘unjust’ South African expat tax change

By: Gary Robinson | 25 Jul 2017

The proposed scrapping South Africa’s expats’ tax exemption is “unjust, discriminatory and regressive”, according to deVere chief executive Nigel Green. As reported,  plans are put forward by the country’s…

South African expats hit by tax exemption removal plans

By: Gary Robinson | 24 Jul 2017

The South African government has outlined its plans to remove the foreign employment income tax exemption for South African expatriates, that will see thousands forced to pay…

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