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Spreadsheet Ranger

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Everything posted by Spreadsheet Ranger

  1. I also have some in DCX10. I'm sitting on a bit of cash. Really hoping to see BTC go below $6k in the coming month before it goes up.
  2. IPO for Engen planned for 2020 Petroliam Nasional BHd and its South African partners plan to conduct an initial public offering in their fuel retailer Engen to fund the upgrade of a refinery in the coastal city of Durban and to expand its network of gas stations. A yet to be decided amount of shares in the company, which is South Africa’s biggest fuel retailer, will likely be sold on the Johannesburg Stock Exchange in the first half of next year, according to people familiar with the matter. Engen’s 135 000-barrel-per-day refinery needs to be upgraded to meet more stringent laws aimed at curbing pollution. Engen is 74% owned by Malaysia’s Petroliam Nasional, known as Petronas, and 26% held by a group led by Phembani, a South African company founded by Phuthuma Nhleko, one of the country’s most successful black businessmen. JPMorgan Chase & Co. has been mandated to assist Petronas with the listing, the people said, asking not to be identified as the plan hasn’t been announced. Engen, which was founded in 1881 and now operates in seven African countries, has an asset value of more than R40 billion ($2.6 billion), according to the people. In its 2018 financial year, it posted revenue of R82.5 billion and net income of R1.8 billion. In addition to its own operations, Engen earlier this year swapped gas stations in eight African countries for a stake in Vivo Energy. While Petronas gained control of Engen in 1998 it has since tried to sell the company, holding talks with South Africa’s state oil company, PetroSA, in 2013. Petronas and Engen didn’t immediately comment when called by Bloomberg. JPMorgan didn’t immediately respond to an emailed query. Source: Bloomberg L.P.
  3. Item: EVGA GeForce GTX 1070 SC2 Gaming 08G-P4-6573-KR 8GB GDDR5 256-bit PCI-E 3.0 Desktop Graphics Card Quantity: 10 cards Age: Bought June 2017 Price: R3000 Warranty: I think these cards came with a 3 year warrenty from Corex. Packaging: I still have the original packaging. Condition: Perfect, we wanted to use it in mining, but was to late to the party. Location: Cape Town Reason: Not being used. Shipping: If you take more than 1 then we can split it 50/50. Collection: Collection can be arranged from our office in Bellville. Link: https://www.wootware.co.za/evga-geforce-gtx-1070-sc-gaming-208g-p4-6573-kr-8gb-gddr5-256-bit-pci-e-3-0-desktop-graphics-card.html
  4. Ola. welcome to the forum!
  5. I actually thought that if any broker or related platform in SA was going to use blockchain and attempt to tokenize a unit trust that it would be Sygnia - @Magda Wierzycka That said well done ZAR X, I hope they publish some statistics especially on speed (blockchain is slow) and also it would be interesting to see who the participants are. I think this is just a normal ethereum token (ERC-20), but it's a step in the right direction, perhaps ZAR X will pave the way by setting up the foundation to enable tokenisation and settlement of traditional assets (or any asset for that matter). @DCX10 what are you guy's thought on this?
  6. For a affordable and legal way - ask @PDSNET they have myriad of packages available for various JSE data points and their service is second to none.
  7. The bloomberg API still works: MTN https://www.bloomberg.com/markets/api/quote-page/MTN:SJ
  8. The chief executive officer of South Africa’s best performing bank stock this century has advice for president Cyril Ramaphosa: rally everyone around the goal of uplifting economic growth. The rest will follow. “If I was in president Ramaphosa’s shoes I would only do one thing,” Capitec Bank Holdings Ltd’s Gerrie Fourie said in an interview at the lender’s headquarters in Stellenbosch. “I would get every single person to talk growth. The one thing I have learnt is that when people have a common objective, and everyone goes for it because it’s clear, you achieve things.” While South Africa averted its second recession in as many years with an annualized second-quarter expansion of 3.1%, the underlying economy remains weak. Consumers have been battered by rising taxes, utility bills and a stubborn unemployment rate of 29%. Business confidence is being weighed down by political uncertainty and the lack of visible progress by Ramaphosa in tackling the increasing burden of struggling state-owned entities on the government’s finances. “That means all 28 ministers must give him a growth plan for how to grow South Africa,” Fourie said, adding that faster growth will help broaden and expand the tax base, attracting investment. “We have two big problems in South Africa, the one is education and the other employment,” the CEO said. “If you start growing you can sort out those problems.” While the government spends 6% of gross domestic product on education, as much as most developed nations, outcomes are among the lowest in international rankings. This is mainly because of poor subject knowledge among teachers, who are protected by powerful labor unions, the country’s racially skewed past and language barriers, according to an International Monetary Fund working paper released in March. Capitec, which started as an unsecured lender in 2001 and then expanded into a full-service offering, has been one of the country’s fastest growing banks with a market-leading 11.4 million customers. The company, which releases first-half earnings by the end of this month, expanded by rolling out low-cost bank branches that don’t hold cash, outperforming all other lenders in the six-member FTSE/JSE Africa Banks Index since its listing. President Ramaphosa’s administration could probably also be decisive with measures around state-owned power producer Eskom Holdings SOC Ltd, which is relying on government bailouts to keep its operations going and repaying debt equivalent to almost 7% of the nation’s GDP. “You need to be radical. It doesn’t sound good but if you really look at what needs to be done you need to downscale middle and senior managers and get it lean and mean and focused,” Fourie said. “Then you can turn it around.” Source: Bloomberg
  9. South Africa avoided a second recession in two years, with the economy growing by 3.1% in the three months to end-June, according to Stats SA. Full article on Fin24: https://www.fin24.com/Economy/South-Africa/sa-economic-growth-surprises-recession-avoided-20190903
  10. Welcome to the forum @Tinuva I really appreciate the feedback. I have one question left and it is regarding the EFT bit. You mentioned that EFTs count for 0 ebucks and that I should instead use my credit card. Can you explain to me the Capitec user what that actually means. do you mean EFT from my credit card account or do you mean entering my credit card details into a payment gateway? If it the case of entering the physical credit card, how would that work in the case of the municipality (They barely know how to use EFTs.) or is this simply a case of in some cases EFT will be the only way and to bad regarding ebucks.
  11. That confirms my suspicion regarding Discovery Bank. I hope FNB contacts you with a good client bonus, because you just convinced me to open a FNB account.
  12. I've been looking for a GPS pet tracker for some time now and I see Vodacom now resells the POD 3 (https://www.podtrackers.com/products/pod-3/) pet tracker. Curious to know if anyone tried the POD 3 pet tracker yet? I went to the Vodacom in Tygervalley and they had no clue what I was talking about, I had to go and point it out in their own booklet before they believed me that they sell pet trackers. Typical Vodacom. The interesting part is that the POD 3 retails for $129, but Vodacom is selling them for R1499 which is a bargain if you take shipping into account. This is the link to the product on Vodacom's website.
  13. I currently bank with Capitec and I am happy. I mean the bank works it allows me to send and receive money and I earn enough interest to cover the admin fee and most of the transaction fees. That said Capitec costs a lot more than R5 per month as the brochure suggests. At the end of the month I pay roughly R60 in transaction fees + R5 admin fee + R50 for the credit card facility so I am paying on average R115 per month in fees to bank with Capitec. In a world where alternatives exist this is too much for what Capitec offers so I am now in the market for a new bank account. I have to say, I also have a Tymebank bank account, but they don't do online payments or credit yet so not a fully fledged bank in my view. Absa and Standard Bank are expensive in relation to what they offer and they dead last in perks so they are out. Nedbank, do they still exist? This leaves me with FNB + Ebucks or Discovery Bank + Vitality Money. I have the following expenses in a month: Rent – I pay (EFT) that to Rawson each month. Electricity - I pay (EFT) that to PEC Metering each month. Medical – I pay (EFT) that to Genesis each month. (Not impossible to switch to Discovery if there is a major saving/benefit) Gym – That is a debit order on my account. Telkom – That is a debit order on my account. Petrol - I spend around R500 in month on petrol which I pay for with my Capitec card. Airtime - My phone is prepaid so I buy airtime with my bank card or EFT depending where I buy airtime from. I then pay (EFT) money to Nedbank for the investment club. I have a paypal order each month for the forum which goes off my card (linked to paypal). I have a debit order from Netflix each month. I do about R3000 in shopping at pick n pay, but can move to checkers for ebucks if needed. The rest of my money I pay (EFT) to EasyEquities or leave in my bank account to earn interest. Any idea which bank FNB or Discovery Bank will offer me the best perks here. I am interested in the perks, because if I am going to give the bank money I expect something back otherwise I would have sticked to Capitec.
  14. This is a pretty common forum game, so maybe a few of you already know what it is. Basically, the first person makes a wish, then the next person grants the wish, but with some kind of loophole. Then the second person makes their own wish, and the next person corrupts it, and so on. Example: Poster 1: "I wish for a taco!" Poster 2: "Granted, but your mouth falls off so you can't eat it." "I wish for a monkey to be my man-servant!" Poster 3: "Granted, as a matter of fact, you get 20, but you are a tyrant as a master, and they start a monkey man-servant uprising and rebel against your harsh dictatorship." "I wish for..." And so on... I will start, I wish I had a photographic memory.
  15. @Groovy I like the idea (you get exposure to the upswing (and down), but you do not technically own any of the coins. Owning all those coins is a mission, because you need to keep all your wallets up to date and keep the info safe etc. So I like the DCX10 "fund", but personally I keep my own BTC (buy it through Luno (anything below $7k is a good price imo.) and then just keep it) for a start, later when you get comfortable you can send the BTC to a wallet like JAXX or Mycelium (my personal one I use). So in essence, try to buy your coins if possible, but to get exposure to the potensial gains of crypto (minus a 1% per year fee, which I think is a lot, it's too much.) get comfortable and then buy BTC and ETH on Luno and later send that to your own wallet so you are in control. I think @werner and theo other luno guys are on here to assist if you struggle. Ditto for Ice3X I think @IceCUBED Exchange is also here. @Energy the DCX token/fund is 69.9% bitcoin and bitcoin is down almost 20% from the $14k high, so DCx would be down as well. This should be a long term hold, 7+ years and that is where I find issue with the 1% per year fee, because that adds up.
  16. Same, calculator is buggy as hell. Return form does not work on Opera, cannot print anything.
  17. A criminal case has been opened against an unnamed former executive for his role in #Tongaat's accounting scandal. https://www.moneyweb.co.za/news/companies-and-deals/ex-tongaat-official-scrutinised-in-echo-of-steinhoff-scandal/
  18. Looking at the news it seems Iran vs the US is a real concern. Any idea why the markets keep going up despite this level of doom on the horizon? https://www.zerohedge.com/news/2019-06-22/iran-vows-one-bullet-our-direction-will-set-fire-us-allies
  19. The Middle East is one of the most complex regions in the world: Currently there are 4 failing states and 3 wars, with major powers increasingly taking opposite sides. Countless armed militias and terrorist groups are spreading violence across borders. The region has seen conflict after conflict going back well into the 20th century. But among all the uprisings, civil wars, and insurgencies, two countries always seem to be involved: Saudi Arabia and Iran. They’re bitter rivals, and their feud is the key to understanding conflicts in the Middle East. The Saudis and Iranians have never actually declared war on each other. Instead, they fight indirectly by supporting opposing sides in other countries and inciting conflicts. This is known as proxy warfare. And it’s had a devastating effect on the region. Countries, especially poor ones, can’t function if there are larger countries pulling strings within their borders. Both the Saudis and the Iranians, see these civil wars as both tremendous threats, and also potentially enormous opportunities. The Saudi-Iranian rivalry has become a fight over influence, and the whole region is a battlefield. It’s why the rivalry is being called: a Cold War. The most famous cold war was fought for 40 years between the United States and Soviet Union. Looking forward to the day when their flag would fly over the entire world. They never declared war on each other, but clashed in proxy wars around the world. Each side supported dictators, rebel groups, and intervened in civil wars to contain the other. Like the US and Soviet Union, Saudi Arabia and Iran are two powerful rivals - but instead of fighting for world dominance, they’re fighting over control of the Middle East. In order to understand the Saudi-Iranian rivalry, let’s go back to the origins of each country. In the early 1900s, the Arabian peninsula was a patchwork of tribes under the control of the Ottoman Empire. After World War I, the empire collapsed, leaving these tribes to fight each other for power. One tribe from the interior, the al-Saud, eventually conquered most of the peninsula. In 1932, they were recognized as the Kingdom of Saudi Arabia. 6 years later, massive oil reserves were discovered in Saudi Arabia, and, in an instant, the Saudi monarchy was rich. That oil money built roads and cities all around the desert country - and it helped forge an alliance with the US. On the eastern side of the Persian Gulf, another country was emerging, but having a much harder time. Iran also had massive oil reserves and an even bigger Muslim population. But constant foreign intervention was creating chaos. Since the 18th century, Iran had been invaded by the Russians and British twice. In 1953, the US secretly staged a coup, removing the popular prime minister, Mohammed Mosaddegh. In his place, they propped up a monarch, Reza Shah, who was aggressively reforming Iran into a secular, westernized country. But he harbored corruption and terrorized the population with his secret police, the Savak. By the 1970s, both Saudi Arabia and Iran had oil-based economies and had governments heavily backed by the US, but the feelings among each population were very different: Ultimately at the end of the day, the Shah of Iran, powerful as he was, simply did not have the same control over his people or ultimately the same legitimacy and affection that the Saudi people felt towards their monarchy at that point in time. That’s because Iran’s Muslims felt stifled by the Shah’s reformations and by the end of the decade, they finally fought back. Iran's Islamic revolution overthrew a powerful regime, that boasted military might. It’s really in 1979, when Ayatollah Khomeini and the Islamic revolution overthrow the Shah, that the real tension between Saudi Arabia and Iran begins. Ayatollah Khomeini was a Muslim clergyman, who preached against Western-backed secular monarchies. He advocated for a government that popular, Islamic, and led by the clergy. And In 1979, he led a revolution to establish just that. It was a massive international event that prompted reactions around the world especially in Saudi Arabia. The Iranian Revolution terrified the government of Saudi Arabia. They were fearful that Ayatollah Khomeini would inspire their populations to rise up against them, exactly the way he had caused the Iranian population to rise up against the Shah. There was a religious threat too. Up until now, the Saudis had claimed to be the leaders of the Muslim world. Largely because Islam’s two holiest sites, Mecca and Medina are in Saudi Arabia. But Khomeini claimed his popular revolution made Iran the legitimate Muslim state. There was another divide; Saudi Arabia’s population is mostly Sunni, the majority sect of Islam, while Khomeini and Iran are mostly Shia. Westerners always make a mistake by drawing an analogy between the Sunni-Shia split and the Protestant-Catholic split within Christianity. The Sunni-Shia split was never as violent. And in much of the Islamic world, when Sunnis and Shia were living in close proximity, they got along famously well. So, while the Sunni-Shia split was not a reason for the rivalry, it was an important division. After the revolution, the Saudi’s fears came to life when Iran began “exporting its revolution”. This CIA report from 1980 details how the Iranian started helping groups, mostly Shia, trying to overthrow governments in Iraq, Afghanistan, and Saudi Arabia. And they prompted the Saudis to redouble their efforts, to fight against Iran. They bolstered their alliance with the US and formed the GCC, an alliance with other gulf monarchies. The stage was set for conflict. War in the gulf. Iraq invaded Iran in seven areas. With a 5:1 superiority, Iraqi forces moved quickly The rise of Iran as a regional power threatened other neighboring countries as well. In September 1980, Iraq, under the rule of dictator Saddam Hussein, invaded Iran. He was hoping to stop the Iranian revolution, gain power, and annex some of Iran’s oil reserves. But they didn’t get far. The war bogged down into stalemate complete with trench warfare, chemical weapons and heavy civilian casualties. When Iran started winning, the Saudis panicked, and came to Iraq’s rescue. They provided money, weapons, and logistical help. So it becomes critical to the Saudis that they build up Iraq, and build it up into a wall that can hold back the Iranian torrent that they have unleashed. The Saudi help allowed Iraq to fight until 1988. By then, nearly a million people had died. Iranians largely blamed the Saudis for the war and the feud escalated. Fast forward 15 years and Iraq again became the scene of a proxy war. In 2003 the US invaded Iraq and overthrew Saddam Hussein. Neither Saudi Arabia or Iran wanted this to happen, since Iraq had been acting as a buffer between them. But problems arose when the US struggled to replace Saddam. The United States has no idea what it is doing in Iraq after 2003. And it makes one mistake after another, that creates a security vacuum, and a failed state, and drives Iraq into all-out civil war. Without a government, armed militias took control of Iraq, splintering the population. Sunni and Shia militias suddenly sprang up all over the country. Many were radical Islamist groups who saw an opportunity to gain power amidst the chaos. These militias were readymade proxies for Saudi Arabia and Iran, and they both seized the opportunity to try and gain power. The Saudis started sending money and weapons to the Sunni militias, and Iran; the Shia. Iraq was suddenly a proxy war with Saudi Arabia and Iran supporting opposing sides. That trend continued into the Arab Spring, a series of anti-monarchy, pro-democracy protests that swept through the Middle East in 2011. This had very different consequences for Saudi Arabia and Iran: That is terrifying to the Saudis who are the ultimate status quo power. They want the region stable, and they don't want anbody rising up and overthrowing a sclerotic, autocratic government, for fear that it might inspire their own people to do the same. The Iranians are the ultimate anti-status quo power, they have been trying for decades to overturn the regional order. Each country threw their weight behind different groups, all over the Middle East. Just like in Iraq, the Saudis began supporting Sunni groups and governments while Iran helps Shia groups rise up against them. In Tunisia, the Saudi’s backed a dictator while the Iranians stoked protests. In Bahrain, Iran supported Shia leaders seeking to overthrow the government. Saudi Arabia, in turn, sent troops to help quash the unrest. Both got involved in Libya, Lebanon and Morocco As Saudi Arabia and Iran put more and more pressure on these countries… they began to collapse. Now the feud has gone a step further, with both countries deploying their own militaries. In Yemen, the Saudi military is on the ground helping the central government. They are fighting the rebels, called the Houthis, who are an Iranian proxy group. The reverse is happening in Syria. The Iranian military is fighting side by side with militias, some of them extremists groups like Hezbollah, in support of dictator Bashar al-Assad. They are fighting rebel Sunni groups, who are Saudi proxies. The more civil wars that broke out in the Middle East, the more Saudi Arabia and Iran became involved. Neither the government of Saudi Arabia nor the government of Iran are looking for a fight. But the problem is these civil wars create circumstances that no one could have predicted. Both the Iranians and the Saudis feel that their vital national interests, are threatened, are in jeopardy, because of different things happening in these civil wars, things they blame each other for. Now the cold war is drawing in other countries. The Saudi government is threatening Qatar, a tiny Gulf state that was developing ties with Iran. Meanwhile in Syria and Iraq, the terrorist group, ISIS is nearing defeat and both the Saudis and Iranians are angling to take control of that territory. It’s a Cold war that's becoming incredibly unpredictable. As the Middle East continues to destabilize, its hard to say how far these countries will go. Source
  20. @ThinusM86 did you buy DCX10 on EE yet?
  21. New venture by Michael Jordaan. Seems interesting. It’s a token that is linked to the DCX10 Index which tracks the top 10 crypto currencies, so it cannot be traded. So instead of creating risk by attempting to foresee movements in individual currencies you can spread the risk over the top 10. Similar to a regular ETF that tracks the index. I’m quite liking the idea, but am very interested in people’s thoughts. Some further reading: https://mybroadband.co.za/news/cryptocurrency/310383-michael-jordaans-cryptocurrency-investment-pick.html https://blogs.easyequities.co.za/invest-in-the-dcx10-crypto-token https://research.easyequities.co.za/investing-in-cryptocurrencies-easy https://www.dcx.capital/indexRules
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