GIB hosted the annual Investment Summit which focused on Regulation 28 investing and where investment opportunities lie taking into consideration the current environment.

Regulation 28 was recently amended to increase the retirement fund offshore investment limit to 45%. With global investing being front of mind for most South African investors, the question one asks is what the appropriate offshore allocation is.

The Investment Summit included market leaders in their fields:

• Sanisha Packirisamy, Momentum Investments’

  Economist, presented “Confluence of Calamities” which highlighted factors that are affecting the economy, noting the impact of loadshedding and inflation.

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• The Local Equity Panel

  Neville Chester (Coronation), Cor Boysen (Fairtree), Tim Acker (Allan Gray) and Junaid Bray (Laurium Capital), debated their Top 10 Holdings as well as their views on the current investment environment.

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• This year’s Keynote speaker Navlika Ratangee

  MD of ICAS SA and author of Improving Mental Health in the Workplace, spoke about leadership and wellbeing in the future world of work.

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• The Future of Regulation 28 Panel

  Wayne Hiller van Rensburg (Principal Officer of Destiny Retirement Funds), Simon Fillmore (Independent Securities), Jean-Pierre Verster (Protea Capital Management) and Bright Khumalo, (Vestact) discussed the regulatory changes, and what these changes mean for investors.

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• Glenn Gamsy - MD of GIB Financial Services

  Glenn introduced an addition to the Destiny Investment Portfolios, that being the Destiny Global Enhanced Portfolio. This Regulation 28 Portfolio is aimed at investors wanting significant global exposure and is a first in the market.

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