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Although there once was uncertainty about the situation between Russia and Ukraine and what it meant, now the answer is glaringly clear – Russia has invaded Ukraine. Our hearts break for everyone affected by this unnecessary war. With thousands of civilian and military deaths, millions of fleeing refugees, and billions of dollars spent, we cannot overlook the economic and investment effects on investments worldwide. And, of course, when the world is affected, so is South Africa. Here is one take on the effects of the Russia/Ukraine war on specific investments. Commodity prices The war has definitely affected investments in commodities. South Africa’s exported commodity prices have risen which [...]

After the 2022 Budget Speech, the South African Reserve Bank (SARB) announced an exciting increase of the offshore investment limit for Retirement Funds. Funds are now allowed to invest up to 45% in offshore markets. Previously, the limit was 30% and a further 10% allocation for investment in Africa. The new limit has no such restrictions, and the entire 45% can be invested outside Africa. Although funds and investors will probably only start noticing results over the long term, the change has been welcomed by most South African traders and retirement fund members. We expect the increase to improve diversification and versatility and open more global investment doors. [...]