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  1. Yesterday
  2. Bitcoin has made strong returns....litecoin has done better (upcoming halving for litecoin soon.....), and ethereum has done bad. They all went up in USD value, but because they are pinned to bitcoin price, you need to look at the BTC price, not USD price. 1 year change to BTC they are all down, with LTC being the closest to outperforming bitcoin Look at the top 5 performance to BTC...
  3. Last week
  4. I bought some shares in them when they listed (only R1000-ish) and I forgot about them, but I see now they have been climbing quite steadily over the last few years since I bought. I am looking into buying some storage units and during this process I remembered I own SSS shares, being kind of involved in this specialized space I looked through new eyes at Stor-Age now.
  5. Line of Duty (Netflix). About events in the Police Ant-Corruption Unit. Season 1 has 5 episodes and I believe Season 2 will be making its way to South Africa. Really worth watching. 9.5/10
  6. The three majors alone have made strong returns this year - BTC, LTC, ETH. That's great for trades made this year, but anyone holding from the all time highs will still be in deep losses. But I think investing in crypto remains quite a risky.
  7. I Am Mother (2019 - Netflix) 7.5/10 Good performances, interesting premise. I felt they could've made a little more of the story though - it just kind of fizzles out towards the end.
  8. Recently retired (or sort of) now based in the Garden Route. Although I do have Unit Trusts, I prefer ETF's and doing the migration to the latter in a structured (or trying to) way, as and when the opportunity allows. Also trade commodity options (on US exchanges) to keep my mind active and for something different. As far as JSE equites go ....sshhh ... currently like having a family member in Pollsmoor - don't talk too much. Looking forward to sharing ups and downs and successes !!
  9. President Cyril Ramaphosa wants to cross-examine DA leader Mmusi Maimane and other witnesses interviewed by Public Protector Busisiwe Mkhwebane as part of her investigation into the Bosasa donation saga. Maimane laid a complaint with the Public Protector in November last year, alleging the president had misled the National Assembly when he responded to a follow-up question by Maimane over a R500 000 payment from Bosasa, incorrectly believed to have been to Ramaphosa's son, Andile. On Tuesday, Mkhwebane - in response to a demand by Maimane that she release the "full and unredacted" investigation report into the Ramaphosa/Bosasa debacle - confirmed that Ramaphosa wanted to cross-examine witnesses she had interviewed. This includes Maimane. "Using my discretion in terms of Section 7 (9) of the Public Protector Act, I have requested President Ramaphosa to provide the questions they would want to ask, so that I can determine whether it is justifiable to allow that," Mkhwebane's letter reads. Adverse findings She also confirms she had issued Ramaphosa with a notice in terms of Section 7 (9) on May 30, 2019, giving him 10 days to respond to what are believed to be adverse findings against him. Ramaphosa requested an extension to June 28, the letter states. Mkhwebane said she had granted Ramaphosa an extension to June 21 to respond to the notice, "subsequent to which I can finalise my investigation and issue the report". A spokesperson for Maimane, Azola Mboniswa, on Wednesday said it was clear Ramaphosa was embroiled in a corruption scandal, and was employing Jacob Zuma-style tactics of questioning the complainants and whistleblowers, instead of dealing with the issues. "We would, however, be jumping the gun if we spoke about whether Mr Maimane will submit himself for cross-examination or not. We have received no formal communication requesting this - all we have is an update from the Public Protector. When that finally comes, Mr Maimane will seek legal advice," Mboniswa said. A brief history of how the Bosasa/Ramaphosa saga unfolded: Maimane confronted Ramaphosa with a signed affidavit by Peet Venter, a former auditor of now well-known and corruption-accused facilities management company, Bosasa during a question-and-answer session in Parliament in November 2018. Venter alleged in the affidavit that he paid R500 000 to the "Andile Ramaphosa Foundation", on the instruction of Bosasa CEO Gavin Watson, in October 2017, an attached a proof of payment. Ramaphosa responded that he was made aware of this issue, and had questioned his son Andile "at close range" over the contract he had with Bosasa. That same afternoon, Andile Ramaphosa told News24 he had never seen a cent of the R500 000, revealing crucially that his father had responded incorrectly to the National Assembly. Days later, after News24 discovered the true owner of the bank account on the proof of payment (Sandton law firm, Edelstein Farber Grobler), and sent questions to the law firm in question, Ramaphosa sent a letter to the speaker of Parliament, correcting his oral reply. The manner in which the donation was made, through a Bosasa front company named Miotto Trading and Advisory Services (owned by Venter's sister, Margaret Longworth) was also highlighted by News24. Ramaphosa explained that he had got it wrong. The R500 000 in question was never for his son, but a donation toward his CR17 ANC presidential campaign. The EFG account was used to house his campaign donations, and he had only become aware of this when his campaign managers pointed this out to him. The Sunday Independent reported over the weekend that a preliminary version of Mkhwebane's report found Ramaphosa had "inadvertently" misled Parliament and had failed to declare the R500 000 donation to his CR17 campaign by Watson. According to the report, Mkhwebane had found Ramaphosa violated the Constitution and the Executive Ethics Act. Update, 12:45pm: The Presidency issued a statement following the publication of this story, wherein President Ramaphosa confirmed receipt of the section 7 (9) notice from the Public Protector. He further confirmed his request to "exercise his entitlement" to question the complainant, Maimane, and other witnesses that appeared before Mkhwebane. Ramaphosa also reiterated his continued cooperation with the investigation. Source: News24
  10. Come, move to JHB. It's the best city in SA. You won't miss the mountain....
  11. Earlier
  12. Attached is the TymeBank presentation from African Rainbow Capital. It's quite an interesting read and makes me even more excited about banking with TymeBank. TymeBank_AVIOR_Conference_11-06-19.pdf
  13. Ace Magashule doesn’t give a damn about you and your ability to feed your kids, educate them, or provide a better future for them than you had. If he did, he would not be in open warfare with the president and his economic cluster over the mandate of the Reserve Bank and its ownership. Frankly, a guy with no grip on the concept of quantitative easing and its likely consequences for a suffering country should not be making pronouncements on policy, regardless of his interpretation of the resolutions of the ANC conference at Nasrec of 2017 or its election manifesto. Those resolutions taken at Nasrec were full of the necessary caveats to protect the economy and the independence of the SA Reserve Bank. Critically on issues pertaining to the Reserve Bank, point 30 of the party resolution states:”Government must develop a proposal to ensure full public ownership in a manner that does not benefit private shareholder interests.” The party handed the Reserve Bank project to government. It entrusted its deployed cadres to positions of power to sensibly apply its resolutions. They have been provided the leeway to make those decisions in the best interests of the country. Yet its Secretary General this week embarked on an extraordinary public assault on the institution and its mandate, confusing an already complex issue with which the ANC must wrestle. The problem is that the wrestling match has turned into a full-blown no-holds-barred cage fight between ANC factions. It’s moved from obnoxious to toxic in a few short steps. And Magashule’s attempt to first delete a Thursday afternoon tweet, already screen-grabbed by observant politics watchers, and then to deny he’d sent it just as a conciliatory statement came from the office of the ANC president, was met with the derision it deserved. When I asked Reserve Bank Governor Lesetja Kganyago to respond to Magashule’s earlier statements on the need for government to implement ANC resolutions, he was unequivocal. The Reserve Bank does not respond to political parties. It’s answerable to the constitution via its government mandate. That's the way it should be. You can bet your bottom dollar that we will soon see proposals for amendments to the constitution governing the Reserve Bank mandate. Just as we have seen proposals to amend the constitution unnecessarily on land reform. In the meantime, Magashule appeared to come back into line and stressed that the statement issued from president Cyril Ramaphosa’s office that nationalising the Reserve Bank was not prudent, considering the state of the economy, was what had been agreed. It’s nothing more than cheap politicking in a battle for the control of the ANC. Having read the devastating evidence put forward in the Pieter-Louis Myburgh book “Gangster State”, which details the empire created by the former Free State premier, we can only assume that there is a connection between a sordid underworld detailed in the book and attempts to undermine much-needed overdue reforms. It’s also abundantly clear that South Africa is deeply vulnerable to the vagaries of ideological battles within the governing party. South Africa is one heartbeat away from a potentially destructive shift in the political landscape. Ramaphosa has deftly navigated through that morass so far, but the factional battles are undermining the real work South Africa needs to do to transform the economy into an engine for inclusive growth. Source: Bruce Whitfield is a multi-platform award-winning financial journalist and broadcaster.
  14. Tongaat Hulett's listing has been suspended - here's what we know about the crisis at the sugar giant On Monday, trading in South Africa's biggest sugar producer Tongaat Hulett was suspended on the JSE and in London. The 127-year company was first listed on the London Stock Exchange in 1939, and on the JSE since 1952. Tongaat asked that its listings be suspended because of accounting irregularities. Here’s what we know: Its results cannot be trusted At the end of last month, the board announced that its 2018 financial results can’t be relied on. Tongaat said an ongoing financial review has revealed that “certain past practices” do not reflect the company's business performance accurately. The company's equity (the value of the business after liabilities) in its 2018 financial results has been overstated by between R3.5 billion to R4.5 billion. The overstatements were related to the treatment of Tongaat's property assets, analysts told Business Insider SA. PricewaterhouseCoopers has been called in for a forensic investigation. Now, Tongaat has asked that its listing be suspended to protect investors against speculative trading - given that there isn’t enough reliable financial information about what the company is worth. The suspended listing will also allow management more time to support the completion of the investigation. “Whilst the Board is conscious that some shareholders or potential investors would prefer to retain the ability to buy and sell shares, the Board believes that the temporary suspension is in the best interests of shareholders as a whole.” Questions about its former CEO While Tongaat has blamed “certain past practices” for its accounting woes, it hasn't yet implicating former CEO Peter Staude nor financial head Murray Munro. Staude served as CEO since 2002 while Munro served as CFO since 2003. Both resigned days before Tongaat’s annual meeting in August 2018. Analysts who spoke to Business Insider South Africa said Staude should face the music. He received a total pay package of more than R13.5 million in 2018, and R20 million in the previous year - which included a R6.6 million cash bonus. Deloitte is in the firing line Deloitte was Tongaat’s auditor for more than 15 years. (It also audited Steinhoff.) The firm has launched an internal investigation, and replaced all senior auditors on the Tongaat audit. The Independent Regulatory Board for Auditors (IRBA) has also started an investigation into Deloitte’s work for Tongaat. Trading should resume in October this year Tongaat’s board says that it will ask for its listing to be reinstated when it releases its reviewed financial statements by the end of October. But the company is battling to survive Tongaat’s current market capitalisation is R2.2 billion, while its 2018 financial results show that total liabilities amount to R14.6 billion. Tongaat in February warned that its earnings will decline by as much as 250%. It has blamed a surge in sugar imports into South Africa for its difficulties, as well as the introduction of the sugar tax last year, which had a larger than expected impact on local demand, particularly in the beverage industry. The company is currently cutting costs, and has sent retrenchment letters to over 5,000 employees. It has also concluded agreements with its creditors. Source: Business Insider
  15. Crime is completely out of control in the Western Cape. In the last six months 1875 people were murdered in the province, and in the past week alone 14 cases of murder were reported. This shocking statistic has spurred on the Western Cape Minister of Community Safety, Albert Fritz, to reach out to National Police Commissioner Bheki Cele to intervene. In a press statement Fritz said, “War is commonly defined by the UN and other such institutions as an act of conflict that has claimed more than 1000 lives. In the Western Cape, 1875 people were murdered in the past six months alone. This means that many of our most vulnerable residents in the province are living in a war zone.” Fritz will reach out to Cele to host an urgent meeting to address these senseless killings. Further to this, he will attend the Provincial Courts Efficiency Committee Meeting on Wednesday, June 12 chaired by Judge President Hlope where he will again call for the police to act. “As the Western Cape Government we will continue to do everything within our power to prevent crime through our programmes whilst working with our communities. Amongst others, these programmes prioritise the development of youth and drive job creation to ensure that individuals do not have to resort to a life of crime,” said Fritz. Source: https://www.westerncape.gov.za/news/police-mismanagement-crime-almost-2000-people-murdered-six-months-wc
  16. Carte Blanche is on their A$$$. They released a Sens yesterday saying they turned down an interview with Carte Blanche. You know when those journos are looking for you, it means boy you have Eff'd up big.
  17. I use Standard Bank Online Share Trading. They have the full house of everything you could wish for as a trader - from company research, expert analysis and opinions, fine-tunable stops, technical analysis, advanced graphing software etc. There admin fee is not cheap but it becomes free for the month if you make at least three trades in that month. Their cost structure is here: https://securities.standardbank.co.za/ost/ I use the Viewpoint Live Level 1 package and I'm extremely satisfied with it. (Remember that it's free after more than three trades per month.)
  18. Yes, firstly, don't overdo it with too many ETFs. Just pick a few core ones and stick with them. Otherwise you just end up with higher costs, duplication of stocks and possible over-exposure to certain stocks that is hard to control. Secondly, pick a good mix of local, international and property shares to spread your risk. If you want to stay with Satrix only, I'd recommend something like the following portfolio split: Satrix 40 (STX40) : 40% Satrix MSCI World (STXWDM) : 40% Satrix Property (STXPRO) : 20%
  19. In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements the Board of the Company wishes to advise that Mr AP van Jaarsveld has resigned as Financial Director with effect from 1 June 2019. He will remain available to assist the Company up until 31 July 2019 whilst the Company considers the appointment of a new Financial Director. The finance team was strengthened earlier in 2019 with the appointment of a group financial manager. The Board would like to thank Mr AP van Jaarsveld for his assistance during the listing of the Company and through the first two financial years as a listed company, under difficult circumstances, and wishes him well in his future endeavours. -- I got REKT. SENS_20190604_S415853.pdf
  20. Hi All A general question to the forum. Which platform/broker do you use when trading ALSI/ALMI futures? My preferred one changed their cost structure and it is no longer feasible for me to use them.
  21. It's on the road-map but there isn't a date set for it's release, yet.
  22. German Shepherd 4.5 months ago they sold me a purebred German shepherd, I'm starting to have my doubts...
  23. It has been just over a month since this thread started. It seems that the price has started to go up and is approx 46% up over the last 30 days. Today (01 June 2019) the price is around $8500 You can see over the last month the trend is up, but there has been some big jumps and drops in price along the way. Anything can happen in bitcoinland, it might still tank horribly short term, but I still think mostly sideways to upwards for the rest of the year overall, possibly increasing in volatility closer to the halving
  24. We actually wrote an article about this a few months ago. https://platinumwealth.co.za/insights/finance/building-an-emergency-fund/ One thing I would add is to look at Tymebank (we have them online if you have questions @TymeBank Team) If you use them as an emergency fund you will be earning more interest than any other bank in South Africa. With that said, personally, I do a 32-day notice account + credit card (if the funds need to be accessed right now) and then can be paid back from the notice account.
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