New rules for international investments coming

• South Africa's central bank has published a draft framework that would allow local asset managers to oversee foreign investments from the country without being subject to their own offshore limits.
• The proposal, open for public comment until November 30, would also allow qualifying private equity fund managers to take part and potentially bring trillions of rands in South African savings back home.
• The reforms are a major step forward for the South African financial sector, enabling it to strengthen its position as a financial hub for the continent.