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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White: The CIU Act dates back to an old piece of legislation that was promulgated in the early 1990s and subsequently repealed in 2012.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
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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