Personal Finance Newsletter - Volume 2005, Issue 299, 2005
Volume 2005, Issue 299, 2005
Source: Personal Finance Newsletter 2005, pp 1 –2 (2005)More Less
Extracted from text ... COMMENT Bubble, bubble, froth and trouble As the JSE Securities Exchange continues to reach new record highs, can we expect more of the same, or is a crash imminent? Since South Africa takes its cues from international markets, it would be prudent to take a look at what is happening in the "big wide world". COUNTERCULTURE still has a place, even in financial markets. Just ask the bears who are predicting a disastrous, but still pending, burst in the "Asset Economy, " be it in equities, bonds or - most worrying for many - houses. For the meantime, the ..
Author Chris NthiteSource: Personal Finance Newsletter 2005, pp 3 –4 (2005)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE October 2005 3 PROPERTY The fixed bond rate debate 1 If William Shakespeare was alive today and had a bond on his house, his famous line from Hamlet may have read: "To fix, or not to fix - that is the bond rate question". By CHRIS NTHITE HOMEOWNERS wanting peace of mind from having their bond rates fixed have generally been limited, in that most institutions would not fix the rate for periods longer than two years. However, with interest rates becoming more stable and at lower levels, this is about to change. With SA Homeloans' (SAHL) ..
Author Julius CobbettSource: Personal Finance Newsletter 2005 (2005)More Less
Extracted from text ... 4 October 2005 Moneyweb's PERSONAL FINANCE ALMOST everyone is exposed to interest rate risk in one way or another. Chances are, if you have a home loan, your monthly repayment costs are at the mercy of the Reserve Bank governor. If you're invested in the stock market, then your share valuations depend to a large extent on the prevailing "risk free" rate of return, which in turn is dependent on prevailing interest rates. PROPERTY The fixed bond rate debate 2 The JSE Securities Exchange offers an alternative, if somewhat unconventional way to protect yourself from fluctuations in long-term interest ..
Author Belinda AndersonSource: Personal Finance Newsletter 2005, pp 5 –6 (2005)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE October 2005 5 INVESTMENT MARKETS Belinda Anderson WITH the 2010 football World Cup just five years away, and government's stated intention to build infrastructure in South Africa generally, this is becoming a theme for smart investors to benefit from. But what shares should one pick? The construction companies are obvious choices, but many of the shares have already run up a lot, and this is clearly not the only sector that will do well. Polaris Capital, which manages the Nedbank Rainmaker and Nedbank Entrepreneur Funds, prefers shares like Altron and Reunert as infrastructure beneficiaries. The Altron ..
Source: Personal Finance Newsletter 2005, pp 6 –7 (2005)More Less
Extracted from text ... 6 October 2005 Moneyweb's PERSONAL FINANCE RICHEMONT, the luxury goods maker, is looking increasingly attractive for investors in the wake of a trading update that surprised well on the upside. Local and international stockbrokers have given the share the thumbs up with numerous rating upgrades. Where analysts saw fivemonths sales rising 11% in "constant currency terms" (euros), the actual result came in at 16%. This in terms of a trading update for the five months to 31 August 2005, delivered at the annual general meeting in Geneva recently. On the day of the update, Richemont traded more than 3% ..
Author Geoff CandySource: Personal Finance Newsletter 2005, pp 7 –8 (2005)More Less
Extracted from text ... October 2005 7 CORONATION Fund Managers and Prudential beat out the likes of Allan Gray and Sanlam to come out top of the August 2005 Alexander Forbes Large Manager watch survey. The survey, which is conducted by Alexander Forbes Asset Consultants, examines the returns generated by the 11 largest South African asset managers over one month, the year to date, one year three years and five years. The Cape-based management house, with R5.18-bn in funds under management, produced a 2.22% return in the month of August - 0.28% better than its closest rival Prudential - whilst over the quarter, ..
Source: Personal Finance Newsletter 2005, pp 8 –9 (2005)More Less
Extracted from text ... 8 October 2005 Moneyweb's PERSONAL FINANCE FOR several years property buyers have avoided transfer duty by simply buying a trust that held a property thereby effecting transfer and avoiding transfer fees - but now the South African Revenue Service (SARS) has issued assessments against those who partook in the scheme which could leave them with massive tax bills. Corporate structures such as private companies or close corporations were also used in similar fashion, before the law was changed some years ago. The disposal of shares or members' interests in corporate structures that own property (defined in Section 1 of ..
Author Erika Van der MerweSource: Personal Finance Newsletter 2005, pp 9 –11 (2005)More Less
Extracted from text ... October 2005 9 WHILE many investment professionals are warning that the property market has flattened, investors still seem to find the asset class alluring. Judging by the way many South Africans insist on owning property on a buy-to-let basis, there PROPERTY Property overpriced, but if you insist... Escalating property prices are now old news, but for those who feel that their portfolios are incomplete without some bricks and mortar therein, there is a sensible alternative to buying that second (or third) house. By ERIKA VAN DER MERWE must be something especially alluring about being able to touch, smell, and see ..
Author Ana MonteiroSource: Personal Finance Newsletter 2005, pp 11 –12 (2005)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE October 2005 11 THE Promotion of Access to Information Act (PAIA) appeared in headlines again throughout August, as the deadline by which companies had to submit information manuals to the Human Rights Commission was set for the end of that month. Failure to comply, according to the Act, could result in either a fine having to be paid, or imprisonment for a period not exceeding two years. However, Justice and Constitutional Development minister Bridgette Mabandla issued an "after the last-minute" extension to certain companies on 31 August 2005, resulting in confusion regarding who needs to comply, ..
Author Jackie CameronSource: Personal Finance Newsletter 2005, pp 12 –14 (2005)More Less
Extracted from text ... 12 October 2005 Moneyweb's PERSONAL FINANCE MOST Saturdays, Capetonians wake up to scenes in their local newspapers of trim, well-groomed maturing couples having fun in the outdoors. It's hard to miss that roving hand squeezing a shapely thigh PROPERTY By JACKIE CAMERON peeping out from a tennis miniskirt, or those mischievous knowing glances as a pair frolic through a picturesque park-like setting. These Golden Oldies look supple, with-it and raring to go - hardly the picture you'd conjure up in your mind of a group of individuals in need of frail care as they near the end of their ..
Source: Personal Finance Newsletter 2005, pp 14 –15 (2005)More Less
Extracted from text ... 14 October 2005 Moneyweb's PERSONAL FINANCE BANKING By STEVEN JONES Fantastic plastic Credit cards are a cheap, convenient method of payment - if used properly. ANY discussion around credit cards tends to place the participants into two firm camps. The "pro" camp speaks of cheap banking, interest-free periods, and instant credit. The "anti" camp refers to anecdotes of people who have been financially crippled by credit card debt. Who is telling the truth? Paradoxically, both camps are correct. Credit cards need to be used correctly in order to obtain the maximum benefit. If misused, they can drag you into financial ..
Source: Personal Finance Newsletter 2005 (2005)More Less
Extracted from text ... MONEY SAVING TIPS By STEVEN JONES Low-hanging fruit In the wild, it is the fruit that hangs low on the tree that is most easily accessed, and therefore provides instant nourishment. Here are some tips to provide "instant nourishment" to your finances. ?? Every day it seems that there is some or other crisis that has an adverse effect on international oil prices, which inevitably translates to yet another price hike at the pumps. Given that the price of petrol is regulated by government, there is not much that you can do in terms of "shopping around" for better ..