We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The Treasury is to increase the prudential limits on offshore investments for funds under management by institutional investors, by five percentage points for all categories, including the allowance for investments in Africa. The limits for collective investment schemes, investment managers and long-term insurers will rise from 35% to 40%, and for non-linked long term insurers and retirement funds from 25% to 30%. An additional allowance is available to all institutional investors for investment in Africa and this is increased from 5% to 10%. Treasury chief director for financial markets and stability Roy Havemann noted that the last significant increase in the allowance for foreign investment by domestic funds was in 2010. He said most institutional investors had not yet reached the current limit. The Treasury did not fear a large outflow of funds as a result of the increase in the limits, Havemann said, given the big inflows into the JSE currently. “Diversification allows savers t...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now