IMINININGWANE
Ukuqashelwa kokutshalwa kwezimali kwengqalasizinda
Izichibiyelo zoMthethonqubo wama-28 zihlinzeka ngempendulo kahulumeni ezicelweni zokutshalwa kwezimali kwesikhwama somhlalaphansi kumthangalasisekelo ukuze kuvalwe igebe lengqalasizinda. Isinqumo sokutshala izimali kunoma yisiphi isigaba sempahla, okuhlanganisa nengqalasizinda, sihlala singesebhodi labaphatheli bezikhwama zomhlalaphansi. Isaziso esisalungiswa mayelana nezichibiyelo zoMthethonqubo 28:
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- Inikeza inkomba ethile yokutshalwa kwezimali kungqalasizinda ngamakilasi ezimpahla ahlukahlukene asevele evunyelwe ngoMthethonqubo futhi yethula umkhawulo ohlanganisiwe wengqalasizinda;
- Ifaka amakholomu amasha amabili kuThebula 1 Lomthethonqubo 28 onemikhawulo esebenza ekutshalweni kwengqalasizinda. Ukutshalwa kwezimali kwingqalasizinda kuzoqashelwa phakathi kwezigaba ezahlukene zempahla eyisisekelo ezibalulwe kuMthethonqubo wama-28. Lokhu kuzokwenza futhi idatha engcono nenembe kakhudlwana yalolu hlobo lokutshalwa kwezimali;
- Iphakamisa ukuthi utshalomali lulonke kungqalasizinda kuzo zonke izigaba zempahla, akumele lweqe u-45% mayelana nokuchayeka ekhaya kanye nomkhawulo owengeziwe ka-10% maqondana ne-Afrika yonkana; futhi
- Khawulela ukuchayeka kwesamba ngomnikezi ngamunye noma inhlangano ibe ngu-25% wesamba sempahla yesikhwama.
Izichibiyelo zezincazelo
Incazelo yengqalasizinda iphinde yengezwe ukuze icacise futhi iqondise incazelo yegama elisetshenziswe kuMthethonqubo. Okungahlobene nesihloko sengqalasizinda ukuchitshiyelwa kwencazelo ye-hedge fund. Ukuchitshiyelwa okuhlongozwayo kwencazelo ye-hedge fund kulandela Isimemezelo sebhizinisi le-hedge fund njengohlelo lokutshala izimali ngokuhlanganyela ngokweSaziso Sikahulumeni 38503 sangomhla zingama-25 kuNhlolanja wezi-2015.
Ukuhlukaniswa Kwento 8 kuThebula 1
Ukuze kuthuthukiswe ukuxhaswa ngezimali kwengqalasizinda, isigaba sempahla esihlobene “Nezikhwama ze-Hedge, izimali zezabelo ezizimele kanye nezinye izimpahla ezingashiwongo kulolu hlelo” kuyanqanyulwa. Lesi sichibiyelo sizokwenza ukulingana kwangasese kube isigaba sempahla ngokwaso esinomkhawulo waso othize. Ucwaningo oluningi lubhala ukukhangwa kokutshalwa kwezimali kumasheya azimele namaphrojekthi wengqalasizinda. Lolu cwaningo luthola ukuthi ukutshalwa kwezimali kwezabelo ezizimele kumaphrojekthi wengqalasizinda kunomthelela omuhle futhi kusiza ekwabelaneni ngengozi yephrojekthi phakathi kwabaxhasi bephrojekthi. Kungalesi sizathu isigaba sempahla yezabelo ezizimele, i-hedge fund nezinye izimpahla ezikuMthethonqubo 28 sinqanyulwa, kanti umkhawulo osebenza kumasheya azimele uyakhula.
Okwamanje, “Izikhwama ze-Hedge, izimali zezabelo ezizimele nezinye izimpahla ezingashiwongo kule shejuli” ziyisigaba sempahla esinomkhawulo oyiqoqo ongu-15%. Izabelo ezizimele ngokwazo zinomkhawulo ka-10%; I-hedge funds nayo i-10% kanti ezinye izimpahla ezingabaluliwe kulolu hlelo zingu-2.5%. Ngemva kokwehliswa kweqembu lesigaba sempahla, umkhawulo wokulingana kwangasese uhlongozwa ukuthi unyuswe ube ngu-15%. I-Hedge funds nezinye izimpahla ezingabaluliwe kulolu hlelo zizohlala zingashintshile ku-10% no-2.5%, ngokulandelana. Umkhawulo uwonke noma weqoqo uyasuswa.
Umgomo omusha Isigatshana 28(2)(c)(x)
Lo mthethonqubo ongaphansi ufakwe ukuze kuqinisekiswe ukuthi izikhwama zomhlalaphansi zinaka ngokucophelela kukho konke ukutshalwa kwezimali okuhlanganisa nokutshalwa kwengqalasizinda.
Isigatshana somthethonqubo 28(8)(a)
Umthethonqubo ongaphansi wokubika nokungafakwa uyachitshiyelwa ukuze kususwe ukukhululwa ekubikweni kokutshalwa kwezimali okugcinwe yizinkampani zomshwalensi wesikhathi eside kanye nezinhlelo zokutshala izimali ezihlangene egameni lezikhwama zomhlalaphansi, okungase kufake phakathi ukutshalwa kwezimali kwengqalasizinda.
EMAZINI
- I-Businesstech - Amaphrojekthi imali yakho yomhlalaphansi engasiza ekuxhaseni eNingizimu Afrika
- I-Moneyweb - Izinguquko ku-Regulation 28 zinwebeka kunokuba zibe nemingcele
- I-Moneyweb [lalela] - Ukuchitshiyelwa okuhlongozwayo kuReg 28 kuzokuthinta kanjani ukuthatha kwakho umhlalaphansi
- I-Moneyweb - I-SA iphakamisa izinguquko ku-Regulation 28

