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Platinum Wealth

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Everything posted by Platinum Wealth

  1. Virgin Money South Africa announced that it has changed its name to Spot Money SA, adopting the name of its Virgin Money Spot app. The link to Spot Money is https://spotmoney.com/ This follows the Virgin Group’s divestment from its South African operations, including the Virgin Money credit card. Virgin Money South Africa launched its Spot mobile application in 2018. The app, which was developed in partnership with wiGroup, started by offering peer-to-peer money transfers and mobile payments. A few months after the app’s launch, Virgin Money
  2. Telkom will charge users of its new Telkom Pay wallet, which is built on top of WhatsApp, a flat fee of 2.5% for transactions and card top-ups.
  3. Her conclusion states: “It is my view that the fund should be liquidated or placed under administration as a matter of urgency. This is the only way that this hemorrhage of billions of rands of public funds can be stemmed and proper and valid settlement of plaintiffs’ claims undertaken in the public interest.” She has asked that the judgment be brought to the attention of the Minister of Transport, the head of the Road Accident Fund and the National Director of Public Prosecutions. Source: https://www.groundup.org.za/article/court-calls-road-accident-fund-be-liquidated-damni
  4. Pfizer says it is a significant step closer to providing people around the world with a much-needed breakthrough to help bring an end to the Covid-19 crisis. The first effective coronavirus vaccine can prevent more than 90% of people from getting Covid-19, a preliminary analysis shows. The developers - Pfizer and BioNTech - described it as a "great day for science and humanity". Their vaccine has been tested on 43,500 people in six countries and no safety concerns have been raised. The companies plan to apply for emergency approval to use the vac
  5. Interesting time ahead, I wonder if ALTs will follow like 2017?
  6. I will attach all the Black Friday deals to this post, as they become available. Makro-Black-Friday-2020.pdf Incredible-Connection-Black-Friday-2020-Deals.pdf 14595_02_Nov_2020_BF_VERSION 6.pdf Hifi-corporation-black-friday.pdf Vodacom-black-friday-2020.pdf Game _ 28 Black Fridays Week 2 (11 November - 17 November 2020).pdf HiFi-corporation-week-2.pdf
  7. Government’s medium‐term policy priorities are economic recovery and fiscal consolidation. The social compact agreed to between government, business, labour and civil society prioritises short‐term measures to support the economy, alongside crucial structural economic reforms. The economy is expected to contract by 7.8 per cent in 2020, recovering to real GDP growth of 3.3 per cent in 2021. Economic growth is expected to average 2.1 per cent over the three‐year forecast period. Fiscal measures – primarily reductions to the wage bill – will narrow the budget
  8. [WATCH LIVE] Finance Minister #TitoMboweni is due to table the #MTBPS at 2pm - watch the livestream here. #MiniBudget #MTBPS2020
  9. I find myself more and more rather buying chunks of DCX10 than actual crypto. It's probably not ideal from a "fundamentalist" point of view, ie not your keys not your coins, but with that said, it just makes it so much easier to get a bit of exposure outside of Bitcoin alone without having to keep multiple systems up to date.
  10. If you have the Capitec app already, make sure you have the latest version. Visit the App Store or Play Store and give that Update button a tap. Once you have the latest version of the app, log in and navigate to where it says ‘Explore’, then select ‘Widgets’. You’ll then select EasyEquities and go through the process of either linking your existing EasyEquities account or creating a new one.
  11. I fell off the bandwagon a bit, buying a house. January 2021 I will be back for the finance challenge.
  12. Black Friday in South Africa will take place on Friday, 27 November 2020 When you come accross good Black Friday deals please post them here and I will keep a list in the OP with all the good deals and participating stores. Please post what items you are looking for then we can all look around for deals on the day. Personally I would like to buy a 55" to 65" Samsung TV and whatever MTN deal is good this year. The South African Companies participating in Black Friday 2020: Takealot: URL to be confirmed OneDayOnly: URL to be confirmed W
  13. When you switch your salary to your TymeBank account, you can earn as much as 8% interest a year from your GoalSave. Here’s how the interest rate grows: Time since you first added money to your GoalSave
  14. 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
  15. 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
  16. Starting to receive 3 to 4 calls from these guys a day. Does anyone know where I can report elite mobile to for breach of section 45 of the ECA and the POPI Act? I am honestly getting to the point where I want to take this further because the amount of spam calls and early morning wake up calls that I get from them is just too much. They don’t seem to be part of the ISPA. EDIT: They mention Vodacom whenever I talk to them, and they try and sell me Vodacom contracts, but I am not sure if they are actually part of Vodacom
  17. This was an interesting interview RE her position on Bitcoin and the crypto space in general, I wonder what the counter-argument would be? Flux Trends on Smart Cities, AI, Blockchain, Pascal's wager, Radical Economic Transformation and more. https://futurecitiesafrica.com/discussions/bronwyn-williams-trends-and-technologies-impacting-cities-business-and-people.php
  18. Total Expense Ratios (TERs) of all the ETFs listed on the JSE Measure the costs of operating the ETF portfolios, including the management fees and costs of the issuing company. All figures are annualised and normally require that the ETF has a 12-month history in order to calculate. TERs are calculated utilising a standard guideline for all unit trusts and ETFs. The TER is included in price of the ETF product and is not paid directly by the investor. This is as of (June 2020) ╔═════════════════════════════════════════════════════════════════════════════════════════╗ ║
  19. I'm still not mentally prepared for what's about to happen in the crypto markets the next 12-18 months. wallets and exchanges are more accessible stablecoins & leverage have 10x'd info sources are more reliable crypto networks have earnings macro narrative is nuts
  20. BIG NEWS: #AfriForum & #GerrieNel have officially been appointed by the #Botswana government to represent them in a high-profile money-laundering & fraud case, in which businesswoman Bridgette Motsepe-Radebe (sister-in-law of @CyrilRamaphosa & wife of Jeff Radebe) is implicated. Motsepe-Radebe was identified as a cosignatory of at least 2 bank accounts holding some of the more than $10 billion allegedly stolen from the #Botswana government to finance a “coup” before the national election in this country.
  21. Seven men accused of defrauding VBS Mutual Bank have told the Palm Ridge Regional Court they are innocent, each pleading not guilty to the multiple charges they face. Four of the men were arrested during early morning raids on Wednesday, while three others handed themselves over to police later. An eighth accused is in quarantine due to Covid-19. Magistrate Brian Nemavhidi put his foot down on Thursday when he refused to hear the case until court orderlies ensured that the packed public gallery was cleared and physical distancing regulations, aimed at preventing th
  22. Discovery said on Monday its full-year profits could fall by up to 90%, hit by a R3.3 billion ($191 million) provision to cover the potential impact on claims and policy lapses due to the coronavirus. It also said it would not pay an annual dividend, with the payouts to be considered when appropriate, sending its shares down 5.5% before recouping some losses. The company said the hefty provision covered the potential impact on claims and anticipated policy lapses as stretched customers stop paying, while the outlook also covered the impact of long-term interest rates.
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