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Everything posted by padjakkels

  1. I disagree on the statement 'don't buy a house'. Why should you pay rent to someone else where you could have paid your own property, which increases in value every year? You might not reap the growth in it, but your children might one day.
  2. I did a google search of where you can spend you bitcoins: http://bitcoinhub.co.za/sites-that-accept-bitcoin-payments-in-south-africa/ https://www.payfast.co.za/2015/06/05/10-awesome-places-to-spend-bitcoin-in-south-africa/ https://www.luno.com/blog/en/post/south-africa-pay-with-bitcoin Please note that some of the articles area bit old, and caution must be used whentrading with unknown websites.
  3. padjakkels


    Hey, welcome!
  4. Website: www.ice3x.com Deposit Fees: Free Withdraw ZAR: R10 Withdraw bitcoin / litecoin: Free Trading fees: 1% of trade value for individuals, 0.8% for traders Know Your Customer: FICA, Proof of ID / residence Security: 2 Factor Authentication (Google Authenticator), Secure digital certificate Developer API: Yes Website: www.luno.com Deposit Fees: Free Withdraw ZAR: R8.50 Withdraw bitcoin: Free Trading fees: Either 1% or 0% will be charged depending on whether you are taking or providing liquidity. Limit orders that rest in the order book won’t incur any fees when matched while orders that match immediately will be charged at 1% Know Your Customer: FICA, Proof of ID / residence Security: 2 Factor Authentication (Google Authenticator), Secure digital certificate, email notification of trades Developer API: Yes Source: http://www.bitcoinzar.co.za/bitcoin-exchanges-in-south-africa/
  5. Hey, welcome. Think we all are here to learn!
  6. Welcome! Sent from my SM-A700F using the Platinum Wealth mobile app
  7. Have you compared it to other bitcoin trade websites? What are their fees?
  8. I've been using Luno.com (previously Bitx) for more than a year now... Can't complain about everything. And it is easy with their app also to stay up to date with the current price. If you go to their website, you can see their fees: https://www.luno.com/en/countries - which I think is reasonable.
  9. Used to live in Klerksdorp... I do not miss the tremors. In the past 14 years in Colesberg we felt 2 tremors, small ones, and then the locals freak out.
  10. padjakkels


    Welcome Pierre... would you mind telling us more about the disciplines and habits you adopted? Thanks!
  11. Good idea to pay off ALL debt. It will be like a new start for you guys. Just remember that most investments, eg. stock, are long term investments, meaning 3+ years. If you lucky, you will make money in the 2 years, but it is not a given. The more conservative you invest, the more likely you will make money, but at a lower rate. Remember that the money you put into your TFSA is good, but if you take it out, you can't top up the TFSA again to your max of R500k. Remember to close all your accounts that you paid off...so that the invitation it not there anymore to make debt again.
  12. Your TFSA questions answered by EasyEquities.
  13. Budget 2017: Nasty surprises still coming on the tax front Tax increases of R28 billion were announced in the 2017 Budget speech by the Minister of Finance, Pravin Gordhan, on Wednesday, 22 February 2017. While these are the tax increases that will take effect within this year’s legislative cycle, the Budget Review 2017 highlights a few further tax increases that will still be implemented at a later stage, some of which are “nasty surprises”. This includes a host of “other” tax types, implemented in relation to specific areas of social concern. Sugar tax The tax on sugary beverages will be introduced, as part of the Customs & Excise tax system, as soon as the relevant legislation can be passed, which will most likely be later in 2017. Following the consultation process, the final tax is proposed at 2.1 cents per gram of sugar content in excess of 4 grams per 100ml. Of this, 50% would apply to concentrated beverages. Carbon tax Carbon tax is still scheduled to be implemented, with a revised bill for public consultation expected mid-2017, although the current intention is that there would be no effect on electricity prices until 2020. National gambling tax One would be forgiven for thinking that this tax had fallen by the wayside over time, given that there has been no real movement for years. However, the Budget Review 2017 confirms that the national gambling tax proposed in the 2012 Budget is indeed alive and well, with the State Law Advisor having certified the relevant draft Bills, which will be taken to Cabinet in 2017. At various stages, the anticipated taxes in relation to gambling included: 6% tax on online gambling; 1% tax on casino revenue (in addition to provincial taxes or levies), and a final 15% withholding tax on gambling winnings over R25,000. In the circumstances, taxpayers will need to wait for the release of the draft Bills, to see what is in store this time! Acid mine drainage tax Potential acid mine drainage taxes, alternatively water levies in relation to acid mine drainage, have been the source of much controversy within the industry. While we are not yet at taxing stage, the Budget Review 2017 confirms that the acid mine drainage tax proposed in the 2014 Budget is still on the cards, with a discussion paper outlining the options to address acid mine drainage intended to be released for public consultation by mid-2017. VAT on petrol and diesel in 2018 Yes, you read that correctly. The Budget Review 2017 proposes that, in the 2018/19 period, the VAT zero-rating on fuel be removed. It goes on to state that, to mitigate the effect on transport costs, the fuel levy may either be frozen or decreased. If indeed this is only a freezing of the fuel levy, the removal of the zero-rating of fuel would result in a 14% increase in the price of fuel to consumers. Estate duty proposals – to come in 2018 The Finance Minister made it clear that the department has not forgotten the recommendations set out the Davis Tax Committee Estate Duty Report (published on 24 August 2016). These recommendations include increasing the estate duty rate to 25% for that part of an estate with a value over R30 million and the removal of spousal rollover relief, in relation to estate duty, capital gains tax and donations tax (partially offset by an increase in the primary abatement for all estates). There are also various recommendations in this report in relation to trusts, which could potentially include the removal of the “conduit pipe/ flow-through principle”, or that all distributions from foreign trusts be taxed as income. The Budget Review 2017 indicated that these recommendations in the Estate Duty Report would be considered in the 2018 Budget. Source: http://www.polity.org.za/print-version/budget-2017-nasty-surprises-still-coming-on-the-tax-front-2017-02-23
  14. Would you invest in these shares? I really can't find anything relating to the past value of the shares... if it performs or if there will be dividends.... https://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/7502/Declaration%20of%20Interim%20Dividend%202016.pdf Only found the above... says 5% dividend was paid.
  15. Pretoria – South African Reserve Bank (SARB) governor Lesetja Kganyago has announced that 149 200 of the bank’s shares are available for the public to purchase. This follows a high court order last year that existing shareholders with more than the statutory limit of 10 000 shares had to dispose of the excess shares. Since its establishment in 1921, the Reserve Bank has always had private shareholders. Today it has over 660 shareholders and its shares are traded on an over-the-counter share transfer facility (OTCSTF) market that is coordinated within the Reserve Bank, according to a note on the SARB website. SARB previously de-listed from the JSE Securities Exchange South Africa in 2002 and introduced a live trading facility, operating in terms of OTCSTF rules, in 2005. The facility, though, is not a screen trading facility but operates by means of postal, fax, hand delivery or email communication only. Kganyago spoke about the fresh sale of shares at a press briefing at SARB's Tshwane headquarters on Thursday . He explained that the high court order regarding the statutory limit of 10 000 shares was issued on November 4 2016. The bank sought the assistance of the courts following the amendment of the SARB Act in September 2010. The Reserve Bank was concerned that shareholders were buying more shares on behalf of their family members and companies. In an effort to curb this, the SARB Act was amended to apply to the limit of shares held by shareholders and their families and associates. “No shareholder and immediate family and associates can collectively own more than 10 000 SARB shares,” he said. Independent broker Investec will facilitate the disposal of shares over two years following the date of the order, he explained. The public can submit bids to Investec securities. Any person may apply to own shares (unless they already own 10 000 shares) which will be sold at no less than a predetermined market price. The SARB will do all things necessary to enable the sale of shares, he added. He explained that the SARB does not have a profit maximising objective. “The SARB does not bow to any pressure, be it political or the private sector. The SARB accounts to the people of South Africa,” he said. Kganyago added that the SARB had 2 million ordinary shares available, with a dividend of 10 cents paid as stipulated by law. The shareholders however have no say on policy decisions taken by SARB in implementing its mandate. “However, SARB shareholders can elect a maximum of seven non-executive directors of the board, from a list of candidates from a panel chaired by the governor,” he explained. These powers are exercised at the annual general meeting and each shareholder is limited to one vote for every 200 shares held. SARB recently put out an advertisement for non-executive board member nominations. SARB shareholders can also discuss the annual report and audit reports of the SARB. They can appoint auditors and determine their remuneration package, he said. Risks SARB intends to prevent Kganyago explained why the statutory limit was put in place. In 1920, a central bank was created in which banks were given shareholding. “The Reserve Bank was created in response to some financial banking crisis occurring prior to 1920,” said Kganyago. The central bank was created to act on behalf of the financial system to ensure the continued flow of financial services. The limitation was enacted to ensure no particular institution or individual would have undue influence over the Reserve Bank, he said. The SARB had listed on the Johannesburg Stock Exchange to trade freely beyond banks and included individuals, none of whom could own more than 10 000 shares. Having shares in excess of 10 000 was found to give shareholders, their families and associates, power to “exert” undue influence. The SARB Act was amended to ensure the diversity of shareholders, explained Kganyago. He urged individuals with expertise in mining, labour, commerce and finance to apply to own shares. Source: http://www.fin24.com/Economy/over-149-000-reserve-bank-shares-available-for-purchase-20170302
  16. I love telegram more and more! Just wish everyone can start using it!
  17. Any one want more information perhaps? I can try to explain more easily for you.
  18. >>>An increase in VAT is a tax that affects all classes of consumers, which is why Treasury would probably encounter pushback if they plan on increasing it, Troost pointed out. #downwithVATincrease How many votes will ANC loose if they raise the VAT...just wondering...
  19. They should also be investigated for price fixing: bank charges. Capitec is now the 3rd biggest retail bank in SA, they have more clients than FNB and Nedbank. And Capitec clients pay an average bank charge fee of R50 per month...
  20. Thanks everyone! I will start preparing the will and estate planning.
  21. Here is the costs that we had to pay to buy a R37,000 plot:
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