Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

NEWWVEUSD - Proxy for USD

Reply
Highlighted
Contributor
Hi All... Just a quick check - it the NEWWVEUSD an ETN that is a proxy for the USD? Is this as good as holding the currency in a USD forex account?
0 Kudos
Reply
3 REPLIES 3
Highlighted
Valued Contributor
0 Kudos
Reply
Highlighted
Contributor
tx... another q. in my understanding, you are allowed to hold a max of R1mil in forex without attracting tax. What are the tax impacts with the ETN? CGT?
0 Kudos
Reply
Highlighted
Valued Contributor
these ENT have no limit, the R1m (+ another R4m) is for cash actually off shore). tax on profit is as per normal
0 Kudos
Reply