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  3. What issues do you currently have with FNB? Thanks for the deposit lesson, I am tempted to just go for the 100% now with how the economy is, but putting up a deposit might be safer I suppose. How exactly does a deposit work, in other words lets say I want to get a bond for R1 000 000 what difference does it make if I put down R200 000 as a deposit VS asking for a loan of R800 000 instead?
  4. Uhm, no idea what my credit score was but it's good. Haven't checked in a long time but never missing a payment for over a decade does that. This was for a 100% loan so interest rates weren't as competitive, but I opted to rather put the deposit into the access facility. Told her I wanted FNB. So she went to ABSA, Standard Bank and Nedbank first. Nedbank responded with prime-0.15, ABSA with something like Prime+3 and Standard Bank somewhere in between. Then sent the Nedbank offer to FNB who immediately matched it. We didn't negotiate much further because of the 100% bond. Since then and with the interest rates that fell I moved to Investec and in the process of moving my bond to them as well. A bit early, have to pay bond attorneys again (although, Investec discount) and I get Prime-0.65% which means I'm now on 6.6%. Also move my vehicle finance to them at Prime-0.5%. So very happy. In the grand scheme of things the extra round of bond fees is not the worst and I just want to get away from FNB as a whole. Not advisable unless you've done the calculations and happy with the financial impact (you shouldn't be.... something wrong with me) Lessons: If you want to negotiate, put down a 20% deposit Make sure you're happy with whomever gives you the loan because moving too soon is not cost effective
  5. I think the bond originator gets paid by the bank so there should not be any costs to the seller, which is good - I just want to make sure that free service is not at my expense in terms of getting the best interest rate. IE, would a bond originator really be able to negotiate better than me, I mean I can sit with the banker and tell him if you give me a better rate I will swing my bank account or car loan over to you as well - I am assuming that is how negotiations with a bank works, and working on that assumption the question becomes; What leverage does the bond originator have over me going to the bank directly to ensure the best interest rate is given? For anyone else more experience reading the above, I am clearly out of my depth here and might be thinking about this all wrong. @Bandit what is your credit score and what percentage interest did you get? How was the experience using betterbond, assuming I go with them - any tips?
  6. I used Betterbond. But I bought from a developer and the estate agents made use of them. In other words - I don't remember paying for their services (not sure how they get paid).
  7. I am in the process of buying a property (a Flat) and everyone in the process seems to take a cut and I am struggling to navigate where these cuts are justified and where to steer clear. Currently the agent told me to use their in house guy for the bond part instead of going through Ooba or Betterbond, I want to know if a bond originator is worth it and if I should instead go directly to the bank eliminating the fee working on the assumption the saving will be passed on to my rate maybe? Then if one should use a bond originator, why would I use their in house guy over a more established company with more pull/leverage like betterbond or ooba? @Bandit what did you do when you bought your place? The agency I am working through is Urban Index, I have never heard of them, but I had really great service from the agent and so far it feels like he has my interest at heart, but it's the property game at the end of the day so just want to double check what the wisdom is around this as I am a first time home buyer so very prone to be suckered into stuff I suppose.
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  10. A market maker pays us to send them an order for shares. In return they guarantee execution at the current best price. The market maker can then use the order to get a competitive edge.
  11. As of Thursday afternoon, online shops in South Africa may sell anything other than booze and tobacco products. New regulations dropped the limits imposed on physical stores – which may still sell only approved items – entirely. But e-tailers have to implement new measures to stop the spread of the coronavirus, and they must promote local goods. As of Thursday South African online stores may sell any product other than booze and cigarettes under Alert Level 4. According to new regulations published on Thursday afternoon, e-commerce sites are no longer limited to the small range of items that physical stores may sell – though they (and customers receiving packages) must comply with new requirements to prevent the spread of the coronavirus. The new directions are immediately in effect. South Africa had been one of the only countries in the world to shut down online e-commerce, apart from the sale of essential goods, during its national Covid-19 lockdown. E-tailers had been limited to the same limited list of goods legal for bricks-and-mortar retailers to sell. But on Wednesday night, President Cyril Ramaphosa announced that restrictions on both retail and e-commerce would be eased for Alert Level 4, even before much of the country moves to Level 3 at the end of May. Now online shoppers can buy anything again, with only alcoholic drinks and tobacco products still restricted. That will also apply to parts of the country that do not move to Level 3 because of a high rate of SARS-CoV-2 infection, and will continue to apply should South Africa move back up to the present Level 4 again in future. At the same time, online stores must now promote local goods. "In order to limit the social and economic hardship caused by the pandemic on local industries and enable consumer choice to support local producers, retailers must give prominence to those goods which are manufactured in the Republic of South Africa," the new rules read. Online retailers are also require to "provide for as many payment options as possible for consumers, that are based on reducing risks of transmission, and enabling poorer consumers to access delivery services." In a section of the regulations dealing with definitions, courier services are said to "include the delivery divisions of retailers and delivery services set up by spaza shops and informal traders", pointing to how the government believes poorer consumers may gain effective access to online shopping. Source: https://www.businessinsider.co.za/online-shopping-allowed-level-4-2020-5
  12. Bandit

    American airlines

    Uhm... Easy Equities? https://platform.easyequities.co.za/Equity/Details?ContractCode=EQU.US.AAL Whether it is a good idea or not I cannot tell you, maybe it is due for a rebound? Looks like a train wreck though but it can't fall much further. Why not invest in something like Visa or Mastercard?
  13. What does this mean?
  14. How we make money: Paid subscriptions for premium features such as trading on margin and deep market research. Interest on uninvested/idle cash in accounts. Selling order flows to market makers.
  15. Good day As someone that knows nothing about trading or where to do it, I have an idea to invest in American airlines before they begin to fly internationally and stocks rise. Is there anyone who could be able to direct me to the correct platform for a South African to invest in American airlines and would you say that this is a good investment? Thank you.
  16. Well, if you provide a free platform with stop loss and limit order functionality I'll definitely be keeping an out on it, but after that FCSA number etc
  17. Zero cost? No commission? Are the fees merely hidden? Please explain. Assume you are investing in CFDs on behalf of client. - Are you using OTC CFDs or exchange listed. - Which company are you using as broker?
  18. We're in the process of getting approved.
  19. Cool.... do you have an FSCA number?
  20. Hello all, We've loved the benefits and ease-of-use provided by the US-based commission-free investment apps such as Robinhood. It sucks that this is not available to South Africans, which is why we've built FreeFin -- South Africa's cheapest way to invest. The app is currently in beta and we're adding new features daily. I'd love to hear what stocks/bonds/ETFs you would like to see in the app. Mention your requests in the comments for us to focus on getting them implemented in our product. Thanks!
  21. Morning all, Which JSE broker offers trading in local bonds for private accounts? What are the costs involved? What are minimum trade sizes? Feedback appreciated.
  22. Service/Product Description: Many professions, such as Chiropractors and Physiotherapists are required by their governing bodies (eg. Health Professionals Council as well as the Allied Health Professions Councils) to capture a consent form related to the COVID-19 pandemic when they treat their patients. This will create a mountain of paperwork that can easily get lost. [CUE intense music, cloud of smoke] Enter Online Forms - The solution to keep your consent forms and staff registers on a digital platform where they can't get lost and are safe from prying eyes. Simple capture form that is a "fill in the blanks" or "select an existing patient" and it creates a signed document easily! Location: https://organicode.co.za/onlineforms About us: OrganiCode hopes to build organic, lasting and growing relationships with customers using code. We do custom development, but also have a couple of inhouse products under construction with Online Forms being the first out for public consumption. Links (optional): https://organicode.co.za
  23. Gold's Gym filed for Chapter 11 bankruptcy protection on Monday, becoming the latest business to pursue restructuring amid coronavirus-related business disruptions. "We want to be 100 percent clear that Gold's Gym is not going out of business," President and CEO Adam Zeitsiff said in a press release. "The brand is strong, and we'll continue to innovate and grow our digital business, our licensing program and our global footprint as we focus on serving our millions of members across the world." The company referred to difficulties brought on by the coronavirus pandemic and said it hoped to reemerge from bankruptcy proceedings by August 1. It said the bankruptcy filing would affect only company-owned locations, which represent about 10% of the company's roughly 700 locations around the world. The gym chain was forced to temporarily close locations across the US in March in response to states' restrictions on businesses. In April, it announced it would close 30 company-owned locations for good. In a recent interview with Business Insider, Zeitsiff outlined the company's plans to reopen gyms under new protocols including reduced capacity and enhanced cleaning procedures. "We have been working with our landlords to ensure that the remaining company-owned gyms reopen stronger than ever coming out of this pandemic," the company said in a statement on Monday. "To be clear, the filing should not impact our licensing division, it is not associated with any of our locally-owned franchise gyms, nor will it prevent us from continuing to support our system of nearly 700 gyms around the world. While the COVID-19 pandemic certainly impacted our company-owned gym operations, we expect the filing will have no further impact on current operations."
  24. The country's biggest bank by customer numbers say nothing will change if and when the PSG Group sales its stake in Capitec Bank. Founding shareholders in the Mouton family announced on Wednesday morning that they may sell the stake in Capitec Bank because of changes in legislation that could substantially increase the administrative burden of holding their more than 30% stake in Capitec. PSG, which is owned by the family, said in a statement published on the Stock Exchange News Service (Sens) that it was "seriously considering" selling some or all of its stake in the bank. But Capitec CFO, André du Plessis says nothing will change as the bank is run independently and the unbundling will merely a corporate action not affecting is strategy or operations in anyway. "PSG Group explained its reasons for considering the potential unbundling of all or a part of their interest in Capitec to its shareholders in its cautionary of this morning. We understand their reasons and are comfortable with their decision of unbundling us in part or in full, or if they should decide not to proceed with their action," said Du Plessis. He said the bank has had a good relationship with many of PSG’s shareholders since 2000 and this has not changed. Capitec is PSG's largest investment and contributor to earnings. The legislative changes that have triggered the possible sale are included in the Reserve Bank's Draft Financial Conglomerate Prudential Standards, published by the central bank on March 5, which propose that financial conglomerates maintain a certain capital adequacy ratio from January 2022. Harry Botha, analyst at Avior Capital Markets, said he does not think that PSG's exit or reduction in its stake at Capitec will mean much for the bank operationally. "However, the market usually takes increased stock availability through share unbundling transactions negatively. Capitec has sold off over the last couple of days on speculation of an unbundling. So, the sell-off might not be too severe today," he said. Capitec's share price was more than 6% stronger on Wednesday afternoon after shedding as much as 8% in early morning trade. PSG shares' initial gains of under 5% were reversed by Wednesday afternoon and were almost flat by 5pm. "Given the substantial discount at which PSG Group shares trade to its sum-of-the-parts value, the board believes such an unbundling may unlock value," PSG, founded by the Jannie Mouton in 1998, said in a statement published on the Stock Exchange News Service. PSG is the biggest shareholder in Capitec, holding roughly 30.7% of the bank's issued stock. Other major shareholders of the bank include Limietberg Beleggings, the Government Employee Pension Fund and Lebashe Investment Group who all hold just over 7% stake each, the bank's 2020 AGM notice shows. PSG CEO and son of its founder, Piet Mouton, last week said the bank was one of the most resilient brands in the group when asked if any of its investments would require shareholder support in the wake of the Covid-19 pandemic. "Capitec is most probably the best run company in South Africa. They are extremely proactive about how they deal with any new challenge they face. They really understand the principles of the industry," he said in interview with Fin24 after presenting PSG's annual results.
  25. 1. See my post above. 2. The NFTRACI should be fairly constant over the short term since it consists of mixed term fixed deposits with predetermined interest rates. However, with the costs, it really isn't any better than a money market account. 3. Tyme bank offers excellent interest rates depending on how long you keep your money there: 6% interest from day 1, 7% after 30 days, 9% after 90 days. 10% if you give 10 days' notice after 90 days. (According to their website. I have some savings money there and have received these rates too.)
  26. Hi Just a few things you may have missed: When buying or selling a share, you must pay brokerage and Strate fees, and VAT is levied on these costs. Then there is securities transfer tax of 0.25% which is levied on every transfer of a security (both buying and selling). The Newfunds Govi ETF is a total return ETF. All dividends are reinvested in the fund and not paid out, so the return you get is inclusive of dividends. Thus, dividends should be excluded from your calculation. Finally, the NFGOVI is still subject to volatility and isn't guaranteed like a bank account. It's now actually down roughly 4% since three months ago. Between 10 March and 24 March, it lost almost 24% of it's value. So you'd still be timing the market. I've included the three-month graph below. Also, past performance may be different to future performance since the downgrade to junk status changes the way in which government bonds may be traded in South Africa. I still think it's a great solid ETF for the medium term, but high risk over the very short term (as in your three months). I'm not sure I'd take that risk if I was planning on investing for less than a year. Especially now in these uncertain economic times where volatility is at an all-time high.
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