South Africa Allows Fund Managers 100% Foreign Assets Under New Framework
Regulators said qualifying ring-fenced mandates will be exempt from the longstanding 45% offshore investment cap.
By Colleen GokoSouth African fund managers will be able to hold 100% of portfolios in foreign assets under ring-fenced mandates, regulators said on Friday, in a new framework that exempts qualifying vehicles from a longstanding 45% offshore investment cap.The South African Reserve Bank, National Tr…