Finance & Banking

First World Trader

Cliffe Dekker Hofmeyr represented First World Trader, the South Africa-based, award-winning investortech and fintech company. 

Our fintech team is the on-going adviser to First World, providing strategic and legal tax, exchange control and financial services regulatory advice. This work includes advising on issues linked to the Financial Advisory & Intermediary Services Act.  We have also been advising this client on the launch of South Africa's very first US Securities Fractional Trading Platform. Our work on this latter project encompasses drafting novel legal terms & conditions for investors to repatriate funds and purchase a combination of whole securities and fractions of securities listed on US stock exchanges. This project also included advice on the nominee structure; offshore custodial and brokerage arrangements; required exchange control approvals from the South African Reserve Bank; tax considerations; and ancillary matters.