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Spreadsheet Ranger

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Posts posted by Spreadsheet Ranger

  1. On 11/28/2019 at 10:03 AM, Bandit said:

    Excel sheet that does what?


    Was thinking, it can show you the exact amount you need to pay this month and it allows you to "mark" that the payment have been made. Some way to just manage the process.

  2. The Department of Trade and Industry (DTI) has launched the pilot phase of a new business website which aims to significantly improve the ease of doing business in South Africa.



    In a statement on Monday (4 November), Trade and Industry minister Ebrahim Patel said that the Biz Portal means that an entrepreneur will be able to register a business within a day in South Africa, a dramatic improvement on turnaround times of 40 days recorded by the World Bank 2020 Ease of Doing Business Report.


    The current price for registering a company through the portal is R175.


    However, Patel said that the Biz Portal was not limited to just registration, and that South Africans will also be able to access several business-related services to help in starting their company.


    This was done through a collaboration with the South African Revenue Services (SARS), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF), he said.


    Patel said that this collaboration means that users will be able to access the following features through the portal:

    • Company registration;
    • Tax registration number;
    • Domain name registration;
    • B-BBEE Certificate;
    • Compensation Fund registration;
    • Unemployment Insurance Fund registration;
    • Business bank account.


    Currently four major banks are participating on the platform and customers will be able to make a direct payment in relation to the registration services at the end of the transaction, be routed into a safe banking platform to apply for a business account or opt for their personal details to be passed on to a bank of their choice.

  3. Live Stream



    The medium-term budget, delivered four months before the main budget in February, outlines government's spending plans over the next three years, and includes projections for the rate of economic growth and the status of public finances. Ministers also use it as an indicator of what can be expected in the main Budget. It does not generally include announcements on new taxes, and none were announced on Wednesday.


    Mboweni's medium-term budget in a nutshell

  4. I just saw this article about Google planning to acquire Fitbit.




    The acquisition of Fitbit could mean Google will finally have a team able to build a Pixel Watch that can compete in the wearable market. Currently, Google only provides the Wear OS to third parties and this could help it expand its hardware portfolio.


    Once the news broke, Fitbit shares rose over 30%. 



    The link to the full article

  5. Took me awhile, but finally figured out how to pull a statement from the app.


    I setup dropbox on my phone and then created a folder called "Discovery Bank Statements" and via the app I navigate to "documents" and then I export the statements to dropbox and then access them on the PC.


    One thing I think they did very well is the ability to download "certified" statements.


    I'm impressed.

  6. I see Long 4 Life took a 12.5% stake in Spur.

    Brian Joffe’s acquisitive investment group Long4Life, which, in May, said it had a cash pile of R1.1bn for buying opportunities, has more than tripled its stake in Spur Corporation to 12.5%. 

    The transaction, which is worth about R220m, takes Long4Life’s interest in Spur, which owns Hussar Grill and RocoMamas, from 4% to 12.5%. 

  7. Cell C is planning to move its complete network to MTN and essentially become a high-level mobile virtual network operator (MVNO) as part of its turnaround strategy.


    This is the word from Cell C CEO Douglas Craigie Stevenson, who was discussing the company’s plans with the Financial Mail.


    Cell C is facing a challenging financial future after it recorded an after-tax net loss of R8.03 billion for the year ended 31 May 2019.


    Blue Label Telecoms co-CEO Brett Levy said they drew a line in the sand by writing off their entire investment in Cell C to zero.


    Despite this write-down, Levy remains upbeat about the mobile operator’s prospects, especially with the planned recapitalisation of Cell C through an equity partner.

    He said that the recapitalisation will address Cell C’s debt problem and help the company to become profitable.


    Moving Cell C’s entire network to MTN

    In his interview with Financial Mail, Craigie Stevenson said Cell C is negotiating a new roaming deal with MTN which will see it carry all of Cell C’s traffic.


    This new roaming agreement will also see Cell C hand all of its towers over to MTN, which means it will no longer run its own network.


    This radical move means that Cell C will essentially become a high-level MVNO without its own network infrastructure.


    This will remove the need for Cell C to invest billions in its network and allow it to use this money for operational expenses.


    Cell C’s plan to move its network requirements to MTN and become a large MVNO has been confirmed by an executive close to the negotiations who asked not to be named.


    He said such a deal would make financial sense for MTN and Cell C and allow the smaller operator to become more sustainable.


    Craigie Stevenson said Cell C cannot carry on with its “capital-intensive model”, and that this deal with MTN would entail substituting capital expenditure for operational expenditure.


    Since Cell C will use MTN’s network to serve its customers, it would allow the company to compete “on the basis of having the same geographical footprint and quality of service”.


    Craigie Stevenson told the Financial Mail that the deal with MTN is expected to be finalised by the end of October.


    Cell C has a bright future – Craigie Stevenson

    Craigie Stevenson remains upbeat about Cell C’s future considering the value of the company’s assets.


    He said that Cell C had valuable spectrum, a large customer base of 16 million active users, a wide distribution network, and a valuable brand – all of which it could leverage to improve its position.


    The Cell C CEO said they are getting rid of costs, getting more efficient, and “understanding what a performance culture is all about”.


    He said they are well aware that Cell C needs to be more efficient than Vodacom, MTN, and Telkom to recover and improve its position going forward.


    From MyBroadband

  8. Might be a stupid question, but is it worth getting one and how exactly does an RA work?


    I have a TFSA and I have an EasyEquities account, but I often find myself not taking full advantage. It's not like I do not have the money to invest, but I do lack the discipline I think the last ETF I bought was in April. Instead I ate out and opened a second gym contract.


    Funny thing is, since I opened this Discovery Bank account it really made me think about what happens the day I can no longer work and what stuff needs to be in place when I retire.  

  9. Black Friday will take place Friday, 29 November 2019.


    When you come accross good Black Friday deals please post them there 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" TV and whatever MTN deal is good this year.


    Companies participating in Black Friday 2019:

    Takealot: https://www.takealot.com/promotion/bluedotsale
    Makro: https://www.makro.co.za/black-friday
    MTN: URL to be confirmed

    AC Directhttps://acdirect.co.za/product-category/black-friday/
    CellC: URL to be confirmed
    Pick n Pay: https://www.pnp.co.za/pnpstorefront/pnp/en/blackfriday
    HiFi Corporation: URL to be confirmed
    Checkers: URL to be confirmed
    BidorBuy: @Bandit https://www.bidorbuy.co.za/blackfriday

    The Pro Shophttps://www.theproshop.co.za/promotion/black-friday
    Cybercellar: URL to be confirmed

    Dion Wired: URL to be confirmed




    Dial-a-Bed: URL to be confirmed

    PiShop: URL to be confirmed

    DIY Electronicshttps://www.diyelectronics.co.za/store/304-black-friday

    RSA WEBhttps://www.rsaweb.co.za/ftth-black-friday-cyber-monday/

    Dion-Wired-Black-Friday.pdf CNA-Black-Friday.pdf MICA-Black-Friday.pdf

    Dischem.pdf Vodacom Black-Friday_7.pdf

    Game-black-friday-book1.pdf game-black-friday-book2.pdf

    Samsung Black Friday Specials 2019.pdf Mitabyte Black Friday 2019.pdf


    Neon Sales Black Friday Catalog 2019.pdf checkers-black-friday.pdf MSC-Black-Friday.pdf Adidas_BlackFriday_Franchise_Store.pdf


    Hirschs BF 2019.pdf

    Baby City Black Friday.pdf

    Cell C Black Friday.pdf

    MTN Black Friday 2019.pdf MTN Business 2019 Black Friday Deals Flyer.pdf

    Malls Tiles Black Friday.pdf

    Telkom Black Friday Deals.pdf

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  10. So it seems the market is really liking this Chinese buying CELL C rumor because Blue Label's stock just went up 12% today.

    I still don't quite understand all of this, what does it mean when a company writes of the debt like Blue Label did with CELL C and why is CELL C booming a good thing for Blue Label after writing off the debt?


  11. That will be the risk I take now - I am banking on it that I will earn more in 5 years than I do now to enable me to push 20% more into my bond in year 6 on wards.


    I will continue to look for places perhaps something else comes up before my lease agreement ends. Perhaps some middle ground like a a 23 year lease through SA home loans.

  12. 1 hour ago, Bandit said:

    What would be the point of opting for 30 years instead of 20 if you're planning to pay more anyway?

    Here a 30 year loan gives me roughly 200k more to offer, in Cape Town that 200k is the difference between a semi safe apartment and delft. 

    My idea was to opt for the 30 year (giving me access to more money to buy a semi good place), but then through proper budgeting pay an extra 10% into the 30 year bond every month.


    Not sure if that approach is as wise as I think it is in my head?


    Essentially with 20 year bond, I can't get the place (roughly 100k short), 30 year bond I can easily buy the place.


    In an ideal world I'd like to save up for that 100k shortfall, but the reality is that property prices are rising faster than my saving ability through my salary, so I will always play catch up.

  13. Thanks for the responses so far guys. I see SA Home loans offers a 30 year bond.


    Are there any immediate dangers to opt for a 30 year instead of a 20 assuming the purchase price is the upper limit of the 20 year bond affordability?

    I know you'd be paying a ton more interest on the 30 year bond than on the 20 year bond, but I would increase my bond payments which should counter that?


    I also see SA Home Loans have something they call an "Edge Home Loan" which allows you to structure a bond in such a manner that you pay the interest only for the first 36 months - this looks appealing should allow me to qualify for more working under the assumption that my earnings in 3 years would be able to match the capital repayment. Am I understanding that loan correctly? 


    Are there any pitfalls to paying off the interest only first on the home loan through this product?

  14. I am in the process of and looking to; buy a property. I see current interest rate on most of the bond calculators are on 10% which is probably the prime lending rate?

    How likely are banks to give you a bond with interest below the prime lending rate, assuming you have an excellent credit score? (Mine is 666 currently).


    Would it have any affect if I go to FNB and tell them if they give me a lower than prime interest rate then I will move all my credit cards to them from the other banks?


    I think what I am trying to get at is how do you negotiate the interest rate with a bank as a first time home buyer? 

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