SOUTH AFRICA - REITWAY GLOBAL PROPERTY PRESCIENT ACTIVELY MANAGED ETF

South Africa

Overview

Situated at the southern tip of the African continent, South Africa is the 25th largest country globally and home to over 51 million people. It comprises nine provinces and nearly 2,800 km of coastline. The country borders Namibia, Botswana, and Zimbabwe to the north; Mozambique and Eswatini (Swaziland) to the east; and completely surrounds Lesotho.

Investment Landscape

South Africa combines the strength of a developed economy with the advantages of an emerging market. Recognised as Africa’s most diversified and industrialised economy, it offers a stable, transparent, and growth-oriented investment environment.

Why Choose South Africa as a Domicile

Safe Investment Environment

South Africa ranks highly for investor protection and fiscal governance. Its trusted, market-oriented economy operates within a stable regulatory and financial framework.

Ease of Doing Business

The World Bank consistently rates South Africa as one of Africa’s most competitive and cost-effective business destinations, contributing roughly 30% of the continent’s GDP.

A well-educated, multilingual workforce supports both professional and industrial sectors, while legislation encourages training and skills development. Modern transport infrastructure, including major seaports and world-class airports, reinforces its role as a gateway to Africa.

Tax Framework

Tax Information Exchange Agreements

South Africa maintains tax information exchange agreements with:
Argentina, Bahamas, Barbados, Belize, Bermuda, Cayman Islands, Cook Islands, Costa Rica, Gibraltar, Grenada, Guernsey, Jersey, Liberia, Liechtenstein, Macao SAR, Monaco, Samoa, San Marino, Saint Christopher and Nevis, Uruguay.

Double Taxation Treaties

Partner countries include:
Australia, Austria, Belgium, Brazil, Canada, China, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Ireland, Israel, Italy, Japan, Korea, Kuwait, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, United Kingdom, United States of America, and others.

Taxation of Funds

South Africa applies a residence-based tax system:

  • Residents are taxed on worldwide income (with certain exclusions).
  • Non-residents are taxed only on South African-source income.
  • Foreign taxes may be credited against South African tax on foreign income.

Income tax (corporate and personal) is the state’s primary revenue source, supplemented by indirect taxes such as VAT.

Financial & Audit Requirements

Financial Statements:
Fund directors must prepare financial statements for each financial period in compliance with IFRS. These must present a true and fair view of the fund’s financial position and performance.

Auditing:
All funds are subject to statutory audit requirements.