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Spreadsheet Ranger

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Everything posted by Spreadsheet Ranger

  1. 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.
  2. 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
  3. 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.
  4. 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
  5. 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
  6. · The Deputy President is David Mabuza. · The Minister of Agriculture, Land Reform and Rural Development is Thoko Didiza. · The Deputy Ministers are Sdumo Dlamini and Mcebisi Skwatsha. · The Minister of Basic Education is Angie Motshekga. · The Deputy Minister is Dr Regina Mhaule. · The Minister of Communications is Stella Ndabeni-Abrahams. · The Deputy Minister is Pinky Kekana. · The Minister of Cooperative Governance and Traditional Affairs is Dr Nkosazana Dlamini-Zuma. · The Deputy Ministers are Parks Tau and Obed Bapela. · The Minister of Defence and Military Veterans is Nosiviwe Mapisa-Nqakula. · The Deputy Minister is Thabang Makwetla. · The Minister of Environment, Forestry and Fisheriesis Barbara Creecy. · The Deputy Minister is Maggie Sotyu. · The Minister of Employment and Labour is Thulas Nxesi. · The Deputy Minister is Boitumelo Moloi. · The Minister of Finance is Tito Mboweni. · The Deputy Minister is Dr David Masondo. · The Minister of Health is Dr Zwelini Mkhize. · The Deputy Minister is Dr Joe Phaahla. · The Minister of Higher Education, Science and Technology is Dr Blade Nzimande. · The Deputy Minister is Buti Manamela. · The Minister of Home Affairs is Dr Aaron Motsoaledi. · The Deputy Minister is Njabulo Nzuza. · The Minister of Human Settlements, Water and Sanitation is Lindiwe Sisulu. · The Deputy Ministers are Pam Tshwete and David Mahlobo. · The Minister of International Relations and Cooperation is Dr Naledi Pandor. · The Deputy Ministers are Alvin Botes and Candith Mashego-Dlamini. · The Minister of Justice and Correctional Services is Ronald Lamola. · The Deputy Ministers are John Jeffery and Inkosi Phathekile Holomisa. · The Minister of Mineral Resources and Energy is Gwede Mantashe. · The Deputy Minister is Bavelile Hlongwa. · The Minister of Police is General Bheki Cele. · The Deputy Minister is Cassel Mathale. · The Minister in the Presidency is Jackson Mthembu. · The Deputy Minister in the Presidency is Thembi Siweya. · The Minister in the Presidency for Women, Youth and Persons with Disabilities is Maite Nkoana-Mashabane. · The Deputy Minister is Prof Hlengiwe Mkhize. · The Minister of Public Enterprises is Pravin Gordhan. · The Deputy Minister is Phumulo Masualle. · The Minister of Public Service and Administration is Senzo Mchunu. · The Deputy Minister is Sindy Chikunga. · The Minister of Public Works and Infrastructure is Patricia De Lille. · The Deputy Minister is Noxolo Kiviet. · The Minister of Small Business Development is Khumbudzo Ntshavheni. · The Deputy Minister is Rosemary Capa. · The Minister of Social Development is Lindiwe Zulu. · The Deputy Minister is Henrietta Bogopane-Zulu. · The Minister of Sports, Arts and Culture is Nathi Mthethwa. · The Deputy Minister is Nocawe Mafu. · The Minister of State Security is Ayanda Dlodlo. · The Deputy Minister is Zizi Kodwa. · The Minister of Tourism is Nkhensani Kubayi-Ngubane. · The Deputy Minister is Fish Mahlalela. · The Minister of Trade and Industry is Ebrahim Patel. · The Deputy Ministers are Fikile Majola and Nomalungelo Gina. · The Minister of Transport is Fikile Mbalula. · The Deputy Minister is Dikeledi Magadzi.
  7. Case number 9141/19. High Court, Cape Town
  8. President Cyril Ramaphosa will today, Wednesday, 29 May 2019, address the nation on the composition of the National Executive from the Union Buildings in Tshwane. Date: Wednesday, 29 May 2019 Time: 20h00 (Media to arrive at 18h00) Venue: The Union Buildings, Media Centre
  9. Special Counsel Robert Mueller is making a rare public statement about his investigations into Russian interference in the 2016 presidential election Wednesday morning. Mueller has not spoken publicly since his report was published in April.
  10. I would not trust this one bit. When last did you use the Post Office? If their incompetence is anything to go by, good luck to the future victims when the bank closes. Also... That is purple group Mark Barnes, gets paid for missing meetings. https://www.moneyweb.co.za/moneyweb-radio/did-purple-group-overpay-its-non-executive-chair/
  11. @BitcoinZAR what do you make of the recent price jump? I can't imagine the bottom to be in yet.
  12. I am using the IEC link, seems to be the best of the lot: https://www.elections.org.za/NPEDashboard/app/dashboard.html with the Citizen also looking promising https://citizen.co.za/category/news/south-africa/elections/
  13. Nationally I decided to vote for Purple Cow so I really hope I made the right choice and they end up getting a seat otherwise I and many others wasted a vote. Anyway, remaining positive and assuming they will get a seat at the national assembly here is a thread dedicated to Purple Cow (Capitalist Party of South Africa). For those of you who do not know: The party was founded by ten people who describe themselves as "positive disruptors" and who believe their innovative thinking could find solutions to many of South Africa's problems. The ten founders are Kanthan Pillay, Roman Cabanac, Neo Kuaho, Gideon Joubert, Unathi Kwaza, Duncan McLeod, Sindile Vabaza, Louis Nel, Katlego Mabusela and Dumo Denga. #VotePurpleCow
  14. The 2019 National and Provincial Elections took place on 8 May 2019, which is the sixth time South Africans voted in a general election. The results from the 2019 Elections will be used to determine a new National Assembly and new provincial legislatures. The ANC is widely expected to win the 2019 National Elections, but the DA and EFF are may eat into its strong performance in 2014. In 2014 the ANC received 62% of the vote, followed by the DA on 22%, the EFF on 6.4% and the IFP on 2.4%. Where to find the 2019 Election Results The Independent Electoral Commission is expected to announce the final election results on Saturday, 11 May 2019 from the National Results Operation Centre in Pretoria. People can also track the results as they come in on many South African websites which are providing in-depth coverage of the 2019 elections. Here are some of the best resources available to track the 2019 South African Election results. News24 Elections map News24’s detailed and interactive Election Results Maps provide users with insight into South Africa’s election results stretching back to 1994. The website’s elections portal also provides a wealth of information about the country’s 2019 general elections. ENCA Elections 2019 portal ENCA has a dedicated portal for coverage of the 2019 South African elections. Their coverage includes up to date election news, videos and related information. EWN General Elections 2019 Eyewitness News (EWN) has a dedicated category for the 2019 South African elections. This category includes information and a live blog about the elections. TimesLive Elections 2019 Results Map TimesLive is offering visitors an interactive 2019 Election Results Mapwith a wealth of information about South Africa’s election results. IOL 2019 Elections category IOL’s 2019 Elections category offers the latest election news and results to readers. Electoral Commission of South Africa The Electoral Commission (IEC) of South Africa, which is tasked with managing free and fair elections at all levels of government, provides the 2019 national and provincial election results in PDF and Excel format on its website. SABC News Elections 2019 The South African Broadcasting Corporation (SABC) has a dedicated Elections 2019 portal with the latest national and provincial election news and results. Citizen 2019 Election Results The Citizen has a dedicated 2019 Election Results portal and map with the latest news from South Africa’s sixth democratic elections.
  15. All I know is that this Apartheid style censorship that Multichoice has embarked on would never have happened under Naspers. https://mybroadband.co.za/news/broadcasting/305150-gone-with-dstv.html
  16. I think Trading in the Zone is the book that @SimonPB also recommends, I think. He had a nice twitter thread a year or so ago about some stunning investment books. A book I recently read was "How To Make Money on the Stock Exchange" by Ross Larter. I found that book to be quite insightful to help me understand technical analysis a bit more.
  17. https://twitter.com/tymebankza/status/1111600129809805312
  18. Anyone else? I cannot access them via the website or the app. @Bandit can you access the app?
  19. An update https://www.businesslive.co.za/bd/companies/financial-services/2019-03-27-bank-zero-puts-its-systems-through-its-paces-ahead-of-debut/ Bank Zero, the mobile app-based bank co-founded by celebrity banker Michael Jordaan, has begun the final round of testing its facilities before its launch in the second half of 2019. Known as beta testing (which is the concluding stage of testing before a commercial launch), the new bank says it is processing payments and debit orders, as well as doing transactions for prepaid services such as airtime, data and electricity. It does not specify when it will launch, or when this round of testing will be completed. “SA is a world leader in electronic payments yet customers seldomly experience this power, as it requires a modern core banking system to leverage this,” says Jordaan, its chair and co-founder. “It’s exciting that all staff are part of this first wave of beta testing.” Bank Zero is already considered a “clearing bank” and “settlement bank”, meaning it can receive transfers from other banks, using the branch code 888000. When this round of testing with staff is completed, external volunteers will be invited to participate in the trial. “Sweat equity is our strategic advantage,” says Jordaan. “It transforms deep and diverse banking insights and know-how into powerful intellectual property. For example, having a single view of the customer is vital, yet banking excellence is also about having a single end-to-end view of money. This is the science of banking.” Yatin Narsai, the CEO and co-founder, says the bank has prudently used its capital to plan how it will provide services. “This approach enables us to bring a revolutionary new core banking system to market with pervasive encryption and digital scaling. It is fundamental to our low-cost, high-capability offering,” he says. Instead of buying off-the-shelf systems for both core and back-office functions that are designed for traditional banks, Bank Zero has built its own technology, including extra security for common fraud attacks like phishing. Among the features it says it will offer are a new “check account” that replaces “old notions of cheque/current accounts and other legacy-style accounts”. This account will provide real-time checking and money control, as well as detection of rogue debit orders. The bank hopes to foster a savings culture and will also offer businesses integration with cloud-based Xero accounting software. Yatin says it will offer its own patented card technology, as opposed to traditional card offerings. “The ubiquitous card has dominated spending for decades, but this ‘a card is a card’ approach is strategically flawed. Bank Zero will bring advancements and convenience by focusing specifically on security and control. The trauma of card skimming, and other rogue methods of recording card details, will be a thing of the past at Bank Zero. The alarming trend of rogue online stores bypassing OTP-based security will also be prevented.” He adds that the 16-digit card number will not need changing when a card is replaced, so card details for digital services (such as Netflix or Uber) will not have to be reset. Customers will be able to make QR payments through platforms such as Zapper or SnapScan, as well as mobile-based NFC (near field communication) payments. “A card is never just a card at Bank Zero,” he says. “Why shouldn’t banking be a joyful, exciting and safe experience? After all it’s your money.”
  20. I bought some shares in Motus, like we discussed the in the Stock Watch thread, my motivation for buying them is because I think the cheaper car brands will become the norm in SA (consumers do not have money) also I was in Canal Walk and saw the new Hyundai i10 Grand on display for for R2050 per month and immediately thought to myself that is not a very expensive entry point for first time salary earners. They are also then likely to stay within the Hyundai eco system (some will upgrade to more expensive cars I am sure). Then my Uber this morning was a KIA and I think Motus might be able to give Toyota a go here if they can under cut the Toyota Corolla prices and KIA becoming the dominant Uber car. I think Michael Jordaan invested in a Uber car financing business of sorts flex something, would love if he could give his thoughts regarding KIA in this space although I think Nissan also operates on the Uber space.
  21. What do Oprah, Jason Momoa, Jennifer Aniston, and Big Bird have in common? Well, they all took to the Steve Jobs Theater’s stage yesterday to help Apple launch several new services. Here’s a quick recap and, more importantly, why you should give a sh*t: Apple TV+ Apple Channels will integrate Netflix-style recs and content from cable, Hulu, and Amazon (but not Netflix and YouTube) into Apple’s app, Apple TV+. The new ad-free streaming service will feature original content made with partners like Oprah, Steven S*bad word* please do not do thatberg, and Reese Witherspoon. Apple News+ Apple News+ will feature stories from 300+ magazines and newspapers for $9.99/month. Some big publishers (WSJ, NatGeo) are in. But others (NYT, WaPo) are out because Apple demanded a 50% cut. Apple Card Apple Card will let people tap their iPhones to Apple Pay -- or swipe a titanium, laser-etched, CVV-free card. Card users will earn cash back and track spending in Apple’s Wallet -- and get customer support in iMessage. Apple Arcade Apple launched a gaming subscription service called Apple Arcade that will provide access to more than 100 exclusive games. Apple will partner with both “indie” developers and also large game companies. The shift to services Apple built its empire on hardware, but this new event proves Apple needs revenue from services in a hardware-saturated world. With these flashy new services Apple hopes to transform its 1.4B active devices into monthly money-makers that consumers rely on to watch videos, read news, play games, and make payments. So, will Apple’s new services change the world? They’re designed to -- and Apple has upended industries before (remember Blackberry?) -- but, of course, haters still gonna hate. Twitter trolls and journalists dismissed Apple for hazy details on pricing and launch dates, and stock fell 1.2%. But if the past’s any guide, bets against Apple seldom pay off... When Apple released its first iPhone, TechCrunch said it was “about as useful … as a rotary phone,” and Microsoft’s CEO insisted, “There’s no chance that the iPhone is going to get any significant market share.” source: a newsletter
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