These guidelines could help protect you from becoming the victim of an illegal financial scheme:Ask yourself (and the person trying to solicit your financial backing) whether the business actually … [Read more...]
Offshore and Local Investing Investment News from South Africa and around the world
New South African Retirement Savings Tax
Every year the National Treasury throws a few curveballs into the Medium Term Budget Policy Statement (MTBPS), and this year is no exception, with some changes announced to the taxation of retirement … [Read more...]
Isle of Man Enhanced Depositor Protection Plan Does Not Cover Offshore Bondholders
The Isle of Man Treasury has confirmed that savers in offshore bond wrappers will not get any individual cover under the enhanced depositor protection scheme. On the 23rd of October the Manx … [Read more...]
Bank Depositors’ Guarantees
If you feel uneasy about the financial position of your offshore bank, read on.It has come to my attention that the Financial Supervision Commission of the Isle of Man (which forms a part of the … [Read more...]
Sharp Rally in Global Equities
Equities rallied sharply on Monday and to a lesser extent also Tuesday in response to the previuos week's utter collapse. Japan enjoyed a public holiday on Monday which showed on Tuesday as the … [Read more...]
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