The Protection of Personal Information Act 4 of 2013 comes into effect on 1st July 2021. Purpose of the Act The Act [inter alia] Gives effect to the constitutional right to privacy by safeguarding personal information when processed by a responsible party. It regulates the way personal information may be processed by establishing conditions, in harmony with international standards.It provides persons with rights and remedies to protect their personal information
Closing of ABSA Money Market Fund Yesterday ABSA announced the closing of their ABSA Money Market Fund. ABSA have announced investors have 90 days in which to withdraw their funds, switch out of the ABSA Money Market Fund or after 90 days the funds will be transferred into an ABSA investment bank account. Earlier this month we sent investors information on the Marriott High Income Fund as an alternative to
An alternative to cash and money market investments Over the past year, the South African Reserve Bank (SARB) has cut interest rates by 3%. Investments in call accounts, fixed deposits and money market accounts are currently yielding between 3 – 4.5% per annum. The Marriott High Income Fund is a low-risk unit trust fund that has a primary objective of providing investors with a high-income yield as well as protecting