Tax-free investing for local investors is now almost four years old. We now have over 60 applicable Exchange Traded Funds (ETFs) we can invest in and recently we also got the ability to switch providers.
Yet local markets have remained stagnated for much of those four years and any positive returns have mostly come in the last year or so thanks to locally listed offshore ETFs in part due to recent currency weakness.
Ferdi Heyneke, portfolio manager at Afrifocus Securities in Durban, presents this JSE Power Hour and taking a fresh look at tax-free investing for those who already have started but also for those not yet investing tax-free.
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