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WHAT TO DO WITH YOUR PREFERENCE SHARE PROCEEDS?
Dear investors, Since their introduction in around 2004, preference shares (“prefs”) have provided investors with high-yielding equity (even though they look and act like debt) instruments linked to the prime interest rate, which is currently 10.5%. This has been a...
THE CORDATUS TAX-FREE SAVINGS ACCOUNT (“TFSA”)
Who can invest in a TFSA? A TFSA is only available to individuals (natural persons). How much can I invest? An individual can contribute up to R33,000 per annum, with a lifetime contribution limit of R500,000 (currently). Should you exceed these limits you will incur...