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    Platinum Wealth is the soon-to-be-leading financial forum with an eye on the future of our country and the citizens of South Africa. No matter if the years of trading with just goods have gone by, us as a civilization have always looked towards how to get a better deal, how to have more – essentially to prosper. We have created a bigger platform for you to do so. A connection of your peers giving their tips and tricks for what has helped them reach their finance and investment goals.

    From personal finance and making money, to financial news and small business, we cover it all at Platinum Wealth. Pose your money and investment questions in our money and investment forums, we'll make sure they get answered. We want to guide a new generation of money-conscious readers. We are here to share tips that will help you live large without sacrificing your financial independence.

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      Discussions and questions about stock market investments, tax free savings, and high interest savings accounts.

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      Discuss general personal finance issues and home accounting not covered on the other finance boards.

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      Discussions about business finance, such as accounts and accounting, business loans, taxes, and related business issues.

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  2. General Forums

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      Financial News, Economic Events, Politics of Money, discussions about the latest news and current affairs

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      Buy / Sell / Trade - Forum Classifieds. Please read the rules first and follow them. (First sticky thread at the top)

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  3. Cryptocurrencies

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      As the value goes up, heads start to swivel and skeptics begin to soften. Feel free to talk about anything and everything related to Bitcoin.

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      A decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime.

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      General discussions about other cryptocurrencies that doesn't fit elsewhere. If enough interest is shown, it will be given it's own section.

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      Everything related to active and upcoming ICOs. An unregulated means by which funds are raised for a new cryptocurrency venture.

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  4. Investment Clubs

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      This is a sub forum for the Platinum Wealth Investment Club

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  • About Us

    The mission of Platinum Wealth is to create an Investor Culture in South Africa by equipping fellow South Africans with the knowledge and means to invest for their future today; taking control of their money and enabling a life full of wealth and prosperity. We work closely with Finance companies to ensure relevant, up to date content and answers are always available. We are proudly South African, presented by South Africans for South Africans. Be part of our Finance and Investment Forum it costs nothing and the returns last a lifetime. 



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    • Ja nee what a load of bull. Fuel tax, emissions tax, annual road tax but most importantly - FUEL TAX.   You get that they want to build a "first world country" but to do that you need a tax base that can support it and for that to happen you need to give people jobs so that they 1) contribute to tax and 2) not rely on grants.   Before you can do any of these projects that require tax money  - get people to work. Attract foreign investors, give them tax breaks or some sort of incentive to setup shop here and employ South Africans.
    • There’s always a huge buzz around Elon Musk and his Tesla brand.   The car firm is one of the market leaders in the world of electric cars so fans and rivals around the world are always keen to see what new developments are on the horizon.   And, like any good tech firm, Elon Musk’s Tesla is to hold its own keynote event, Battery Day.   But just what is Battery Day, what time is Battery Day and how can Tesla fans tune in?   Tesla Battery Day is a 2020 event that is set to showcase the latest generation of Tesla’s battery technology.   Tesla Battery Day and the company’s stockholder meeting will take place on September 22nd, at 1:30pm Pacific Time.   For those on the East Coast of the United States, the event will start at 4:30pm while in the UK fans will have to tune in at 9:30pm.   In Elon Musk’s native South Africa, the Battery Day Event will take place at 10:30pm while those living down under on the East Coast of Australia will have to watch at 6:30am on September 23rd.   You can view it live from their website:   https://www.tesla.com/en_gb/2020shareholdermeeting     Or you can view it on Youtube here:      
    • What a load of hogwash "people in cars don’t pay their fair share in terms of the taxes that they pay "
    • Motorists and taxpayers appear set to become the cash cow to enable the government to reduce its percentage of the funding of the multi-billion rand expansion of the Gautrain.   Gautrain Management Agency (GMA) CEO William Dachs said on Monday: “We firmly believe the people in cars don’t pay their fair share in terms of the taxes that they pay and the failure of the e-tolls system has perpetuated that problem.”   Dachs was commenting on the GMA’s engagement with National Treasury about the sources of funding for the Gautrain expansion project and the need to move people off the roads and away from carbon intensive modes of transport during a virtual panel discussion on the ‘Future of Rapid Rail in Gauteng and its Impact on Social and Economic Development’.   He said the GMA started its engagement with Treasury on the funding of the expansion with “a clean sheet of paper and [to] look at all the possible sources”.   “We looked at everything from general tax increases to fuel taxes to fuel levies to congestion charges, which haven’t happened in South Africa yet, all the way through to the more traditional funding sources,” said Dachs.   “We also looked at developer charges, bearing in mind that people who develop around existing Gautrain stations have seen massive increases in the values of their properties.   Most viable source   “We then did a quite detailed analysis of what each source could bring and which one of them would be the most viable,” he said.   Dachs did not comment on which of these sources was the most viable but said: “We would be looking at a blend of national government funding, provincial government funding, people who use the trains, private developers contribution as well as those who invest in the train itself.”   He confirmed that vehicle licence fees had been considered during the GMA’s engagement with Treasury but stressed that: “It’s not an infinite source.” “Gauteng can’t become uncompetitive in terms of its vehicle licences compared to other provinces but there is a strong case to be made there,” he said.   Dachs said there is a strong willingness from private sector developers to invest in new stations provided they are transit orientated developments from which they can get a return.   He said they were obviously also looking at getting private sector investment in the infrastructure itself “because the people who use the trains will pay for them”.   ‘Massive misconception’   Dachs stressed that there is a “massive misconception” that the people who use the current Gautrain are massively subsidised in terms of the operations cost, which is untrue.   He said there was a “close to 100% recovery” of the operating costs of the Gautrain from the money people pay to use it although “Covid-19 messed that up”.   Dachs said this high operating cost recovery rate goes a long way towards the long term financial sustainability of the Gautrain.   “The government subsidy to date has really been around the capital part of the Gautrain and we would look to continue that going forward,” he said.   Gauteng provincial borrowings and provincial budget allocations via national government accounted for 88% of the total cost of the first phase development of the Gautrain, with private sector debt only accounting for about 12% balance of the cost.   Reports have suggested the government wants to reduce its funding of the Gautrain expansion to 33% while former GMA CEO Jack van der Merwe said last year the plan was to increase private sector funding to 33%.   The GMA submitted plans about the Gautrain expansion programme to National Treasury in 2017.   Robust engagement   But Dachs stressed on Monday that Treasury did not cause a delay in the project and the GMA has had a real, good and robust engagement with Treasury about this huge and complex project.   He said two issues kept arising during these engagements: how to make it more accessible to more people without compromising its financial sustainability, and how it can be funded.   “It can’t just be 100% government funding. How do we build a private sector investment in here? How do we encourage people who benefit from a project like this to also contribute to it financially?   “We have answered those questions. It’s been a two-and-a-half year process in terms of engagement on it and, as we speak, we are just finishing the final study,” he said.   Development Bank of Southern Africa (DBSA) head of transport and logistics Cyprian Marowa said the DBSA is good at bringing together many institutions into the lending space.   Marowa said no individual bank can single-handedly develop infrastructure like the Gautrain and the DBSA is seen globally as a good partner for other institutions to come in and be part of the infrastructure projects in South Africa.   He admitted that Covid-19 has been “a spanner in the works” and money generally has become more expensive, with some projects delayed. But Marowa said it is important “to keep your eye on the ball and take a long term view”.   ‘Good project for any investor’   Marowa said that if the number of cash flows that could be generated from different aspects of the Gautrain expansion project are aggregated “you find that this would turn out to be a very good project for any investor”.   Transport analyst and economist Ofentse Hlulani Mokwena said there is a need for the government and other funders to be very conscious of the kind of risks they expose themselves to from a funding perspective because this will change the dynamics of their returns.   Mokwena said there will certainly be some controversial funding options and some options that are more attractive and more acceptable to the public. He said this is something the government will have to balance, especially in order to negotiate a good allocation risk.   Mokwena added that the key issue is whether there are viable alternatives and whether this service will be attached to the existing system.   “That is going to be crucial because what you want is to be able … to ring-fence financing … and to justify that you have to have public buy-in.   “That is going to be crucial because with a project of this scale, the last thing you will want is risk on the infrastructure, on the programme, or even at a political level.   “So whatever the financing options that are decided on or pursued, the key here is to contain and manage the risk,” he said.   Deeper relationships?   Mokwena said there is also the risk of modal exclusion or parallelism and questioned why there was not a deeper relationship with, for example, bike sharing schemes, mini bus taxis and the existing bus services.   He said these modes of transport are essentially part of the discussion to justify digging into the public financing environment.   “It’s not just about the project but being able to manage the public perception, the allocation risk and making sure the project retains its social, economic and political viability. The numbers count but there is a lot more to it,” he said.   The current Gautrain network comprises 80km of rail along two route links: a link between Tshwane and Johannesburg and a link between OR Tambo International Airport and Sandton.   The expansion comprises another 150km of rail and a further 19 stations.   Dachs said the single conclusion the Gauteng provincial government came to in 2014 when it started working on its 25-year integrated transport master plan is that moving people to and from jobs in perpetuity on the roads is not going to work and rail has to be the backbone of a public transport system. He said the five-phase Gautrain expansion plan was a very ambitious long term plan and this massive build programme will take 20 to 30 years to complete. Source: Moneyweb
    • The bank says the Live Better Academy offers practical tips and strategies to help people make smart financial decisions and achieve their goals. Capitec says the course series can be done on a smartphone, tablet or PC, and requires less than 200MB to complete.   Each course is broken into 16 to 20 modules that take between five to 10 minutes to finish. Furthermore, Capitec says to keep the learning entertaining, the platform is gamified.   “Users earn points and badges as they engage, complete courses and answer questions. A leader board ranks users according to their total points and users are encouraged to build their knowledge scores, thereby mastering content,” says the bank.   The launch of the school comes on the back of the growing economic crisis in the country due to COVID-19, which has seen many lose their jobs. With these circumstances, experts warn managing debt is going to be difficult for many people.   Jean Rossouw, head of financial education at Capitec, explains the rationale of launching the academy: “We want to empower people to learn helpful money strategies and key financial principles in a simple and engaging way.   “The series has been designed for every level of financial knowledge. Users will walk away with practical information and tools that can help them achieve financial goals by learning to budget, repay debt faster, mitigate unnecessary risk, save for the future, and reduce unnecessary spending. All for free.”   Capitec says each month until December, five learners who complete a course will win a R1 000 cash prize. In addition, one person who completes all four courses will win the monthly R10 000 grand prize. A link to the Capitec Academy: https://www.livebetteracademy.com/
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