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SARB’s draft framework could bring more foreign-portfolio management work to South Africa. Investor constraints, approvals and commercial demand still determine whether a mandate is viable.
SARB’s draft Synthetic Financial Centre framework opens a consultation on managing qualifying foreign portfolios from South Africa. Eligibility, operating costs and final approvals will determine the commercial opportunity.
Dangote's application deadline moves to October 27. The extension gives investors more time to resolve eligibility, custody, settlement, and valuation before committing capital.
The Nigerian naira faces renewed pressure despite CBN interventions, with parallel market rates diverging 35% from official rates. Oil production challenges and foreign investor caution are contributing to ongoing FX instability.