Platinum Wealth

Introducing the @PDSNET Share investment club software, finally investment clubs made easy. High-quality shares on the JSE regularly go up by 30% per annum or more and have generally doubled their value every four-and-half years for the past 30 years. With PDSnet’s FREE Investment Club software, you and a few of your friends could be investing in top quality blue chip shares on the JSE. By clubbing together in an investment club, you keep your dealing costs low and benefit from each other’s experience, knowledge and contacts. In an investment club, you can overcome the problem of not: having enough to invest. knowing where to start or which shares to buy. You can own shares in your favourite companies on the JSE, the ones you personally interact with and understand. The PDSnet Investment Club software solves all the problems of running a share market investment club. Complete Transparency All transactions can be viewed by the members of the investment club at any time on their phones. Share prices and other financial information of all listed companies can be viewed by all members, as well as the value of the shares which the group owns. The software is browser-based and therefore members can view the club’s progress in the market while on the move, from any device at any time. How Does it Work? Similar to a stokvel, an investment club is a group of people who save money regularly into an account in the name of the group. But, instead of just saving the money, an investment club allows the group’s savings to be invested directly on the stock market. The PDSnet Investment Club software allows a group of people to invest different amounts at different times, while keeping track of the value of their individual investments. It runs a miniature unit trust for you and your colleagues. Members buy and sell units in the investment club at a unit price calculated daily by the software and based on the JSE prices of the shares that the investment club holds. Members meet regularly to talk about the market and decide on where to invest. And the nice thing is that it’s free!! The Benefits of a Stock Market Investment Club Investment Clubs enable you to: share the risk of investing in the share market with your friends and colleagues. invest whatever you can afford either as a lump sum or in regular monthly payments. learn about the share market and investment from your fellow investment club members. share the research and reading which is necessary to run a portfolio of shares. Invest funds saved in a stokvel. Software Features Portfolio and bank manager. Comprehensive summaries. Calculation of a daily unit price based in JSE prices of shares owned by the club. Document templates to open the correct bank and stockbroking accounts. In-depth user manual. Voting hub. Club discussion forum. Stock market resource tools. Short video to explain how it all works

JSE warns Blue Label that delayed results could lead to suspension

Blue Label at record low as JSE threatens suspension The largest shareholder of Cell C has until the end of September to deliver its full-year results to end-May or face suspension from the JSE. The share price of Blue Label Telecoms, the largest shareholder of Cell C, fell to a record low on Tuesday after the JSE said it was facing suspension for failing to deliver its financial results. Blue Label, however, issued a statement reiterating that its results would be released on September 26. The JSE said on Tuesday that Blue Label had until the end of September to release its results for the year ended May, in order to comply with its three-month posting requirement. As of 9.30am, Blue Label's share price was 6.94% lower at R2.68, its lowest since listing, but by 12.15pm had pared its losses and was only down 0.69% to R2.86. The company's share price has fallen 47.13% so far in 2019, which follows a 63.74% loss in 2018. Blue Label said earlier in August that it was in the process of determining the value of its investment in Cell C, of which it holds 45%. Cell C, which has struggled to make consistent profits since it became SA’s third mobile operator in 2001, is grappling with a hefty debt burden. In August S&P Global Ratings downgraded Cell C’s debt to D, or “default,” its lowest-possible junk rating. This came after the cellphone operator “failed to make interest payments on certain bilateral loan facilities”. “We believe there is an increased likelihood that Cell C will be unable to repay all or substantially all of the obligations as they come due, unless it is able to restructure its debt and recapitalise its balance sheet,” the ratings agency said at the time. It remains to be seen if the telecoms operator will be able to meet the September 30 deadline. However, earlier this week, Blue Label issued an official invite to a presentation of the results set for Thursday 26 September. Source: BusinessLive

Local stock exchange ZAR X, in conjunction with Adhara and Computershare South Africa, has launched the first distributed settlement system for unit trusts in South Africa. Using the blockchain, it enables the public to purchase and settle unit trusts directly from fund managers in a secure environment. The ZAR X system reinvents the traditional way of administering unit trusts using digital technologies as its foundation. Instead of monthly administration fees, investors pay a once-off transaction fee. Furthermore, they can transact in unit trusts either through their ZAR X broker or on any mobile device using the ZAR X Mobi App. The new blockchain system provides regulators and investors with full transparency and transaction history in real-time. As the blockchain serves as a ledger of events that are distributed or shared between different parties, it can only be updated by consensus of the participants in the system. This effectively means the blockchain provides a single version of the truth and eliminates the need for reconciliations. The Adhara components allow for the unit trusts and cash to be tokenised on the same ledger. This ensures all transactions occur ‘on-chain’, providing real-time Delivery vs Payment (DvP) settlement. The project will go live in the last quarter of this year and will be available on the ZAR X website and the ZAR X Mobi App.

I came here in full might, hammer in the air, desperate and hungry to smite the spam out of someone - just to realize this is in fact a legit thread. As you were.

President Cyril Ramaphosa said that by 1pm on Thursday he would address the nation, and provide South Africans with the measures that government will embark on to deal with femicide and sex crimes.

Axed Old Mutual CEO Peter Moyo has won his bid against his former employer to be temporarily reinstated and his dismissal has been declared unlawful. The Gauteng High Court in Johannesburg found that he should return to his position with immediate effect. Moyo's permanent reinstatement is pending Part B of his application which will be heard at a later stage. Old Mutual has also been interdicted from appointing anyone to replace Moyo and was ordered to pay Moyo's legal costs. The judgment was delayed by more than an hour on Tuesday after Judge Brian Mashile was not available to deliver the ruling. It was instead read out by Judge L Adams on his behalf. Moyo was suspended in May and later fired as CEO of the JSE listed insurer in June. The company asserted this was due to a conflict of interest in his personal business matters. It later emerged that Moyo is also the co-founder of NMT Capital, a boutique investment company. Old Mutual maintained he allowed dividends owed to the company as a preferential shareholder and institutional investor to slide into arrears while he received a R30m payout. Moyo, however, approached the court on July 18 to urgently reinstate him, interdict Old Mutual from filling his position and declare his dismissal unlawful and unconstitutional. His legal team argued that it was in fact the chairperson of Old Mutual Trevor Manuel who had a conflict of interest and Moyo was fired for raising this and acting as a “whistleblower”. He claimed that Manuel did not pay due diligence to corporate governance. Manuel also chaired Rothschild & Co which oversaw Old Mutual plc delist from the London Stock Exchange and list as Old Mutual Limited on the JSE in June 2018 in a “Managed Separation”. Moyo’s legal team also stated that he was suspended after he raised concerns that the insurance company paid for Manuel’s legal fees in his court battle to access information from Gupta owned Sahara Computers. The insurer’s legal team questioned why Moyo had signed off on the financial statements by auditors which included Manuel’s legal fees if he had in fact raised it as a red flag. Old Mutual maintains that Manuel recused himself when the discussion took place about Rothschild & Co overseeing the multi-billion "Managed Separation". Tuesday’s judgment is only Part A of Moyo’s legal battle against his former company. Part B of his application, intended to be set in motion within 60 days of the outcome of Tuesday’s ruling will see him lodge a damages claim for reputational harm. He also wants the court to declare the Old Mutual board "delinquent directors" which will prevent them from holding non-executive directorship positions for several years. Source: News24

Blue Label share price plummets after Cell C letter Cell C recently published an open letter stating that the company would implement a new business plan to improve its current position. CEO Douglas Craigie Stevenson said in the letter that the company faces financial and other challenges, and will implement a new business plan which will simplify its business model. “We have implemented significant austerity measures and have cut costs which do not contribute to revenue-generating activities, including a review of all contracts to ensure alignment with business priorities and a hiring freeze,” he said. “I want to emphasise that Cell C is strategically positioning itself and we are using our best efforts to be a strong participant in the industry, I firmly believe we are on the right track.” Blue Label Statement Following the publication of this letter, the share price of Blue Label Telecoms – Cell C’s biggest investor – has plummeted by just under 10% as investors grow concerned over the state of the mobile operator. Blue Label Telecoms has published an announcement attempting to placate investors in the wake of the Cell C letter, stating that “no material concerns or issues have been uncovered as a result of Cell C’s new management”. “In anticipation of the transaction resolving the liquidity position at Cell C, and launching the new, improved operating model, Cell C’s management and board are ensuring that Cell C is sufficiently geared to run the business as required,” Blue Label Telecoms stated. “Blue Label and the Buffet Consortium are fully apprised of Cell C’s drive to effectively and efficiently utilise all of its network, technology and human capital assets, and are supportive of management’s initiatives.” Blue Label said it is looking forward to advising shareholders on the progress of transactions, which it said are currently at an advanced stage. From the mybb article: https://mybroadband.co.za/news/business-telecoms/313167-blue-label-share-price-plummets-after-cell-c-letter.html

If I remember correctly that is to setup a debit order (I think?)

How long does it take to get a refund? I got my ITA34 on 2019/07/03 yet still no refund. Will SARS pay interest on the money they owe me? @Shirou you can try via E-mail, but I had to go into a branch 2 years ago. (No way to do it via the website as far as I know.)

We are currently experiencing technical difficulties on our platform this morning. We should be back up and operational shortly, as our IT team and developers are working at resolving this matter. If you are affected by this issue and would like to make a transaction on your account, feel free to give our Trading Desk a call at 087 940 6102. Alternatively, you can speak with a customer consultant on our HelpDesk at: 087 940 6106. Or email us at [email protected] ^From EE. You can also contact @jonobruton

Full speech: https://mg.co.za/article/2019-06-20-read-it-in-full-ramaphosas-state-of-the-nation-address

Backup link if the main stream goes offline.