Platinum Wealth

I am still contemplating whether or not I should climb into Kumba Iron Ore It seems like they still have a massive bull trend waiting to be hit.

JSE : DCCUSD looks interesting http://itradedata.co.za/Data/005998/marketstats.htm?auth=y&ticker=DCCUSD LISTING OF DOLLAR CERTIFICATES The JSE Limited has granted FirstRand Bank Limited approval for the listing of 10 000 Dollar Custodial Certificates (“DCC’s”) which will be listed on the main board on the “Exchange Traded Funds” sector of the JSE under the alpha code “DCCUSD” and ISIN Code ZAE000234977 with effect from the commencement of business on 24 January 2017 and traded through any authorised user of the JSE. The DCC’s represent the first inward listing of US Treasury notes on the JSE. This product will allow investors to invest their excess cash in US dollars, earn an income stream in US dollars, all settled in ZAR. The investment capital credit exposure is directly to the US Federal Reserve – enabling investors to avoid the credit risk associated with a normal foreign currency bank account. Businesses and individuals may invest without limit, enabling excess cash to be dollarized. The DCCs are liquid and freely traded, making them an ideal working capital solution. Investment performance is directly related to the USD/ZAR exchange rate and the price performance of US Treasury notes. The offer of DCCs constitutes an “offer to the public” as defined in the Companies Act, 2008 (“the Act”). The Offering Circular dated 24 January 2017 does not, nor is it intended to, constitute a “registered prospectus” (as defined in the Act). The Offering Circular has been made available on the following website http://www.rmb.co.za/globalmarkets/weTrade_Commodities_Dollar_Custodial_Certificate.asp.

Incredibly interesting and eye opening: Hyper Normalisation [video=youtube] HyperNormalisation is a film by British filmmaker Adam Curtis, it tells the incredible story of how we have managed to get to this bizarre time of uncertainty and confusion, a time where we see those who are meant to be in power become paralysed, searching for answers. Curtis argues the case that ever since the 1970’s, those in power i.e. governments, financier, and technological utopians have given up on the complicated “real world” in favour for a simplified “fake world”, one which is controlled by corporations and merely kept stable by politicians. However, as time moves forward we seem to keep witnessing events that appear to be inexplicable and out of control, take the election of Donald Trump for example or Brexit, perhaps the War in Syria or the countless number of random bomb attacks. Curtis explains not only why events such as these keep happening but also why we and our political leaders can’t seem to understand them. The film reveals that we have all retreated into a simplified “fake” version of the world because it is all around us and we choose to accept it as normal.

Kumba Iron Ore’s share price tumbled as much as 5% to R201.74 on Friday morning after it said it has agreed to pay R2.5bn to settle a tax dispute with the South African Revenue Services (SARS). Although substantially lower than the R5.5bn SARS originally demanded in February 2016, the settlement was R1bn higher than Kumba had provided for in its financial results. Kumba said in Friday’s statement the settlement would be paid in full by the end of March. In February 2016, Kumba issued a statement saying its 74%-owned subsidiary Sishen Iron Ore Company had received a demand from SARS relating to the tax years 2006-2010 for R5.5bn. This included R3.7bn in interest and penalties. Kumba said a year ago it was objecting to SARS’s assessment as it believed it had paid all its taxes in full. "I am pleased that we have reached this important settlement with SARS, providing clarity for all and enabling us to focus our efforts on ensuring that Kumba continues to operate at the optimal level and furthers its position as a major economic and social contributor to the South African economy," CEO Themba Mkhwanazi said on Friday. Source: Business Day

The rand was slightly weaker on Friday morning as the dollar stabilised after taking a hit due to the US Federal Reserve’s policy statement. The Fed kept rates on hold on Wednesday evening, sending the dollar weaker as some investors had hoped the central bank would take a more hawkish stance. TreasuryOne currency dealer Andre Botha said weaker commodities had caused emerging-market currencies to soften. He said the rand could weaken further on Friday morning, but was entrenched in the R13.30-R13.60 range ‘and looking to stay there as we head into the weekend’. Political risk remained a factor for the rand as there were ‘lingering fears that a Cabinet reshuffle is imminent’, he said. In terms of data releases locally, Standard Bank will publish it purchasing managers index (PMI) later in the day. The market is eyeing US nonfarm payroll data, which could create some volatility in the market. At 9.06am the rand was at R13.4177 from R13.3960 against the dollar; R14.4345 against the euro from R14.4116; and R16.7961 against the pound from R16.7842. The euro was flat at $1.0757. Full article: Business Day

Information on newly soon to be listed JSE companies. Please post details and notices here for any new companies listing on the JSE. New JSE listings to be posted here. New ETFs listing on the JSE to be posted here -> New ETFs Thread

Read this: What exactly does this mean?

Cape Town - Growth in household credit balances, including mortgage balances, is forecast to remain relatively low in 2017, according to Jacques du Toit, property analyst at Absa Home Loans. The value of outstanding credit balances in the SA household sector increased by a negligible 0.7% to R1 485.7bn in 2016, down from growth of 4.5% in 2015. According to Du Toit, this was the result of growth in secured credit balances slowing down, whereas unsecured credit balances contracted compared to 2015. Growth in the value of household secured credit balances (R1 139.6bn or 76.7% of total household credit balances) dropped to 2.3% y/y at the end of December last year compared with growth of 3.8% y/y at the end of December 2015. Du Toit told Fin24 this means consumers will take up less credit, which in turn means the growth in household credit will remain relatively low. This is because consumers are under pressure due to factors like inflation. On top of that interest rates increased and are not expected to come down this year. Confidence levels are low and that is an important factor in consumers' decisions to buy items like luxury goods - for example, jewellery, electronic equipment, vehicles household furniture and appliances. "If consumers don't have the confidence to buy those items - which are usually credit related and credit sensitive - the demand for credit will remain low, said Du Toit. "This is not good for credit providers as their books won't grow that fast and if consumers are not spending it will have an impact on economic growth as household consumption makes out 60% of SA's gross domestic product (GDP). The business sector will also feel the impact in terms of goods and services." READ: Why SA consumers are in for a rough ride in 2017 He explained that, from an economic growth point of view, it is not good for the economy not to have high levels of spending. One must see this against the background of various factors, though. At the same time, he pointed out that, by not taking up huge amounts of credit, consumers will not further damage their credit records and increase their levels of debt. "I do not believe consumers should increase their levels of debt to a large extent. The outlook for the economy is not that positive at this stage and debt won't become cheaper," said Du Toit. "Against the background of the broader economic outlook I can't see consumer spending picking up at a faster pace. Demand for credit will, therefore, also not pick up quickly." Mortgage balances Du Toit explained that the slowdown in growth in secured balances in 2016 came on the back of lower growth in household mortgage balances, whereas instalment sales balances (21.5% of household secured balances), largely related to vehicle finance, contracted by 0.8% last year compared to 2015. The contraction in instalment sales balances commenced around mid-2016 and is in line with a downward trend in new vehicle sales volumes, which dropped by 11.4% in 2016, he added. Household unsecured credit balances (R346.1bn and 23.3% of total household credit balances) contracted by 4.2% y/y at the end of December 2016 compared with growth of 6.7% y/y at end-2015. READ: Ten reasons why consumers are more demanding "The contraction in general loans and advances balances is mainly the result of data distortions during last year, with the component of general loans and advances (largely personal loans and micro finance) the main factor behind this contraction," said Du Toit. "However, outstanding credit card balances also contracted in 2016, by 1.2 %, which contributed to the contraction in overall household unsecured credit balances last year. The value of outstanding household mortgage balances increased by 3.2% to R891.7bn in the 12-month period up to the end of December last year compared with growth of 4.4% y/y at the end of 2015. According to John Loos, household and property sector strategist at FNB, should interest rates not rise further, "likely ongoing decline in the household debt-to-disposable income ratio, resulting in decline in the debt-service ratio, could conceivably see to it that mortgage market stress is lowered in 2017 and beyond". "If interest rates don’t rise further in 2017, it is conceivable that we could have a year of improving (declining) residential mortgage market 'stress', and some mild decline in mortgage arrears levels," said Loos. This is due to the likelihood that household sector credit will continue to grow noticeably slower than nominal disposable income growth, thereby further lowering the all-important household debt-to-disposable income ratio, which in turn lowers the vulnerability of households to interest rate hikes. But it’s the forecasting of interest rates that always remains the 'hazardous business'." Source: Fin24

Where is SWA, it's the same thing

We have spoken to the ZAR X Ceo Yes, ZAR X will list on their own market, but there there is no immediate details and will happen when the time is right. Here is an update also an overview of how ZAR X will work and what they are going to offer. Our market will work on a prefunded basis with all buyers and sellers that need to have either cash or securities in their account prior to trade. Matched trades settle and clear within 15 seconds or T +Real as we like to call it not T+3 All investors will have a free custody account held directly at STRATE which means all securities are held in electronic form and makes it much easier for a client to move their broking account from one broker to another but the custody account at STRATE remains yours at all times, one account number for life. This is intended to drive a better service culture with brokers instead of competing on brokerage rates which is a race to the bottom and not sustainable. In terms of the financial market Act (FMA) all investors must trade using a broker or market participant as ZAR X calls them. On our market the stock exchange sets the brokerage rate at 1,5%. I know that its more than what some people may be paying on the face of it, but we charge all our fees based on percentiles and there is no R150 basic charge and there is no custody fee, which at the lower end of the market makes a big difference. Once we have been running for a while we undertake to review our fees and introduce a sliding fee scale. We also intend launching an app which will let people trade from their phones. The development on the app began last year and thus far the functionality is still quite basic, he hope to add lots more functionality in the next few months. Our first listings will be Senwes and Senwes Beleggings with BKB and TWK following shortly thereafter. We have been approached by two JSE listeds wanting to transfer their listings to us, but that is still early days. We now await the judgement from the FSB appeal board to see what the outcome is. The question nobody has been able to answer is to what extent are, the appellants in the matter, colluding and to what extent have the respective boards of directors sanctioned this particular action? We are speaking to them about their data and API so far so good, will keep everyone up to date, but in short yes come hell or high water they will be included on the forum.

The JSE has also battled another potential exchange, as it launched an urgent application to have ZAR X’s exchange licence suspended. The FSB’s appeal board deputy chairman Judge Louis Harms later dismissed the JSE’s application on the basis that it didn’t submit evidence that it would suffer harm or prejudice from ZAR X’s entry in to the market. However, the application for its licence to be suspended will still be heard by the board later in January. Both 4AX and the JSE are appealing against the FSB’s decision to grant ZAR X a licence. The FSB granted ZAR X its licence to operate as a stock exchange in August last year. ZAR X’s CEO Etienne Nel says it has been business as usual for the company despite having the trading of its exchange put on ice. “We still have our FSB licence and our systems are fully operational and functional. We have used this quiet period to add functionality to our settlements and clearing process [of the exchange].” ZAR X is looking to list companies with a minimum market capitalisation of R200 million. In addition to signing up agricultural services group Senwes Beleggings as a customer, Nel says it has added two additional companies to its listing pipeline. “This speaks to the confidence that the market has in our offering. Companies have complete faith in our platform and technology,” he adds. Arguably, the JSE’s process for appeals against new players has created the perception that it’s against competition. There have been three applications for licenced exchanges in 2016 including AX2, YPN Exchange and the Equity Express Stock Exchange in terms of the Financial Markets Act. The head of the Department of Market Abuse at the FSB Solly Keetse says: “These exchanges are not yet licenced but their applications are still being assessed.”

Everything related to the 4 Africa Stock Exchange

I use 22seven and use this sheet form NeoX to compare and plan https://www.dropbox.com/s/rgcbgahshkb5eku/Financial%20independence%20calculator%20v4.1.xlsx?dl=0

Nice! (Appreciated)

Nice thread Outlook, On this note, all forum suggestions are welcome too. you can post suggestions and feedback here- https://www.platinumwealth.co.za/forum/Thread-Forum-Suggestions

That sounds pretty awesome. I had to dig deep to get all of this information and it took a couple of months of research. I'm 100% sure you will help A LOT of people with this That at the end of the day is the goal. This platform as one purpose and that is to become the educational hub for South Africans interested in finance and the Average Joe, because one way we can make a major difference in the future of this country is by enabling more and more people to get into a position of knowledge where they can take control of their own finances. Like you say this will take some deep digging, I am by no means a financial expert. I am a educator more than anything else so I will have a lot to learn and learn and learn and research, but I am determined to create this guide and with the help of EasyEquities and Magda just a message away I am confident that it would be something worth while to put out there once completed. I will probably bounce a few questions of existing members here on the forum as well as part of the research. For example slightly unrelated but on the Wills thread that Mr Yellen pointed out one thing started to stand out to me and that is the POLL, that poll its a small demographic but even in this small community the results is still shocking seeing that the majority does not have a will in place. That is the sort of things I want to address as well with the investing and savings aspect. Especially this thread (What do you use to manage your finances) and this thread (Budgeting) it touches on something that I also quickly realized not many South Africans are on top of their expenditures and just general "Where has my money gone" so something I want to address in this guide is sort of "The Fundamentals of Household finance" practical examples of how to track and save money how to know what money goes where and how to build up an emergency fund. All in all, A lot of work ahead.

Mr Yellen, I have spoken to EasyEquities and to Sygnia, they are on board so I will have a world of research in front of me, but I believe the end product will be something very unique and you will like it. Granted this will not be a "done in a week" thing, we are going to take our time to ensure this is as in depth as possible.

Ola, Welcome to the forum. Ask and share to your heart's desire.

Mr Yellen, not one for small requests ey. I like the idea/suggestion, let me run my mind a bit over the coming days and see if I can create something. I will email EasyEquities and speak to Magda and see if they would make the time available to give some input more importantly I will see if they are willing as one of my biggest concerns would be to ensure the guide/tutorial/instruction are as fact checked as possible and would like to have the final product peer reviewed by them before we post it as to ensure integrity and the advice given is as accurate, sincere and up-to-date as possible. I've read your post a few times over now and I'm starting to get some inspiration for how we can do this but I'll first discuss it with them as it all depends on their involvement and cooperation. I will keep everyone updated.

We are at the top again thanks to a saving grace member!

66.8.16.130 is the JSE Sens server if I am not mistaken? trade.imara.co is that sharenet's data?

Those who like MAPPSG and MAPPSP NEWFUNDS MAPPS PROTECT ETF PORTFOLIO and NEWFUNDS MAPPS GROWTH ETF PORTFOLIO http://66.8.16.130/SENS_20170116_S380496.pdf Then NFEMOM NEWFUNDS EQUITY MOMENTUM ETF http://66.8.16.130/SENS_20170116_S380494.pdf

I wonder how many BTC are lost? By "lost" I mean, when you could first mine your own and the difficulty was ridiculously low and BTC were worth fractions of a penny, I have plenty (as did a friends), then lost interest, took off on some other tech project, and the drive ended up getting formatted, the address/key lost. So those BTC are lost forever. Question I have is, how many more are like that?

Good start to 2017 South African politics. Media reports that ANC Women's League president and Social Development Minister Bathabile Dlamini was allegedly drunk at a party event prompted an extraordinary rant, in her defense, from her spokesperson, Lumka Oliphant, on Wednesday. Oliphant posted an foul-worded rant on Facebook defending her boss, claiming that she was not drunk, that she did not drink alcohol and would prefer to have it banned. More gems here: http://www.iol.co.za/news/politics/spokesperson-fumes-over-drunk-minister-allegations-7379988

WOOLWORTHS HOLDINGS LIMITED – Trading update and trading statement: 26 weeks ended 25 December 2016 WHL 201701120001A Trading update and trading statement: 26 weeks ended 25 December 2016 Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1929/001986/06 Share code: WHL ISIN: ZAE000063863 (the Group) TRADING UPDATE AND TRADING STATEMENT: 26 WEEKS ENDED 25 DECEMBER 2016 TRADING UPDATE Group sales for the first 26 weeks of the 2017 financial year increased by 6.7% compared to the prior year. Woolworths Clothing and General Merchandise sales increased by 3.5%. Price movement was 7.3%. Sales in comparable stores grew by 1.2% and retail space grew by a net 2.9%. Woolworths Food sales increased by 9.5%, with price movement of 9.2%. Sales in comparable stores grew by 5.6% and retail space grew by a net 7.9%. David Jones’ growth was affected by the timing of Boxing Day, which falls into the second half of this year as well as last year’s termination of the Dick Smith electronics concession. This negatively impacted sales growth by 2.7% and 1.6% respectively. Adjusting for both, sales were 4.0% higher than the prior year, in Australian dollar terms. Retail space grew by a net 3.4%. Country Road Group sales was also negatively impacted by the timing of Boxing Day and positively by the inclusion of Politix sales post acquisition (-1.1% and +1.8% respectively). Adjusting for both, sales were 0.9% lower than the prior year in Australian dollar terms. Retail space, excluding Politix, grew by a net 2.2%. The Woolworths Financial Services debtors’ book reflected year-on-year growth of 2.3% at the end of December 2016, with an annualised impairment rate for the six months ended 31 December 2016 of 5.9% (six months ended 31 December 2015: 4.8%). TRADING STATEMENT Shareholders are advised that earnings per share (EPS) for the 26-week period ended 25 December 2016 are expected to be substantially higher than EPS for the 26-week period ended 27 December 2015, due to the profit on disposal by David Jones of its Market Street property in Sydney. Headline earnings per share (HEPS) and adjusted diluted headline earnings per share (adHEPS) for the period are expected to be lower than the prior period, as reflected below: 2015 reported 2016 expected growth 2016 expected range (cents) range % (cents) EPS 253.7 30.0% to 40.0% 329.8 to 355.2 HEPS 253.5 -2.5% to -7.5% 234.5 to 247.2 adHEPS 250.8 0% to -5.0% 238.3 to 250.8 The forecast financial information contained in this announcement has not been audited, reviewed or reported upon by the Group’s external auditors. The Group’s interim results for the 26-week period ended 25 December 2016 are scheduled to be announced on the Stock Exchange News Service on or about 16 February 2017. Contact: Reeza Isaacs (Group Finance Director) on 021 407 2464 Ralph Buddle on 021 407 3250 [email protected] Cape Town 12 January 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12/01/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.