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| Where I Am? | Viewer ==> The tax treatment of investment income – local vs foreign | |||||||||||||
Stanlib Collective Investments |
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| Stanlib Collective Investments | Q2 of 2023 | 3 years ago |
South African residents are subject to tax on their worldwide income. There is a difference in the way South African residents are taxed when investing locally or when investing abroad.
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As of 2023, the ownership of M&G Investments (prev. Prudential) is as follows:M&G Pls=50.12%; Staff=28.08%; Thesele Group=21.8% .While being founded in 1993, only in 1996 that Coronation FM entered the unit trusts industryIn 2021, Prudential Investment Managers name ceased to exit after renaming to its major shareholder M & G Inc , renamed to M & G Investments. |
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| Disclaimer |
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| Please note that unit trusts investmets are generally classified as long-term investment products not suitable for trading and speculation. |