The ins and outs of Collective Investment Undertakings

Sharing advice: White
Sharing advice: White

In this Q and A, Mmegi Staff Writer, MBONGENI MGUNI, speaks to the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Capital Markets director, JULIANA WHITE on Collective Investment Undertakings (CIUs), the investments increasingly popular with retail investors

Mmegi: May you provide a brief overview of Collective Investment Undertakings (CIUs) Act and its purpose?

White: The CIU Act dates back to an old piece of legislation that was promulgated in the early 1990s and subsequently repealed in 2012. However, it took a long time for it to be reconstituted and the new Act commenced last year in February. It was a replacement of the old Act which modernises the legislation.

Editor's Comment
Our queen: Bring home the crown

Well-wishers gathered at the Sir Seretse Khama International Airport to bid our queen farewell and wish her success as she joins other beauties from around the globe for the coveted crown. Competing in such events is nerve-wracking, and one needs to be fully prepared to stand a chance of making it as a finalist.It is not just about physical fitness; mental state matters too. Unfortunately, sometimes our queens end up facing such fierce...

Have a Story? Send Us a tip
arrow up