Personal Finance Newsletter - Volume 2006, Issue 302, 2006
Volume 2006, Issue 302, 2006
Author Monique VanekSource: Personal Finance Newsletter 2006, pp 1 –3 (2006)More Less
Extracted from text ... TAX Personal tax in review - what changed in 2005, and what to expect in 2006 As the South African Revenue Service continues to rake in record amounts of tax, what can we expect on this front in 2006? EVERY year the South African Revenue Service (SARS) makes changes to various aspects of personal tax, but unless you are a tax expert you will be unaware of most of them or fail to understand what they mean. Often you need them explained to you in laymen's terms, as Werksmans Attorneys did recently at a tax seminar. Moneyweb's Personal Finance ..
Author Jackie CameronSource: Personal Finance Newsletter 2006, pp 3 –5 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE January 2006 3 CAPE Town has, for years, been a notoriously expensive city when it comes to the residential property market. It's long been the norm to pay millions of rands for a half-decent house anywhere within striking distance from a beach or with a picture-postcard view. The price tag has been no obstacle for those who want to live in Miami-style Camps Bay, where the international jet set hangs out for brunch and cocktails, to leafy Constantia, heart of the Cape's olde money - until recently. Lately, owners of palatial residences in suburbs like Bantry ..
Source: Personal Finance Newsletter 2006 (2006)More Less
Extracted from text ... The property boom is over but there are still juicy returns to be had by astute buyers in 2006. That was the message from Pam Golding Property (PGP) group chief executive Dr Andrew Golding when he reported on what has been another bumper year for the real estate group. The recent sale of a R100-mplus Noordhoek, Cape Town, residence - believed to be the highestever sum fetched for a residential property in the country - has helped 2006 property price projections PGP get closer to its annual target. Some areas, like Durbanville in Cape Town, have played "catch-up" recently, ..
Author Julius CobbettSource: Personal Finance Newsletter 2006, pp 5 –6 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE January 2006 5 ITRIX provides South African investors with an ultra-cheap entry into Europe's blue chip shares. It is popular, too, for its ability to bypass exchange controls - retail investors may place as much money as they like into Itrix. Launched on 19 September 2005, Itrix is the JSE's newest exchange-traded fund (ETF). An ETF is simply a fund that provides investors with a cheap entry into a basket of shares, typically an index. A joint initiative between the JSE and Deutsche Bank, Itrix offers investors exposure to two indices: the FTSE 100 and the ..
Author Chris NthiteSource: Personal Finance Newsletter 2006, pp 6 –7 (2006)More Less
Extracted from text ... 6 January 2006 Moneyweb's PERSONAL FINANCE PROPERTY Tread carefully on the property market Institutions normally make the first move when the direction of the market is expected to change. Does this mean that a major slowdown in the growth of the commercial and residential property markets is expected in 2006? By CHRIS NTHITE TWO of South Africa's biggest asset managers have sharply reduced their exposure to the listed property sector. Marriott and Coronation have taken profits on one of the hottest sectors on the JSE in the past two years and raised the question whether the commercial property market ..
Source: Personal Finance Newsletter 2006, pp 8 –10 (2006)More Less
Extracted from text ... suppliers of finance. A number of companies, such as Woolworths, are switching from all-cash to partly credit operations. They will initially absorb cash but in the longer run, they hope that their debtors' books will be sources of cash in the future. Everything depends on management of the book, as McCarthy, Woolworths and others have found to their cost in the past. The basic principle is that companies that extend credit can be cash traps. The same is true for capitalintensive companies, which require hundreds of millions of cash upfront and generate cash only later. Mines are a classic ..
Author Ana MonteiroSource: Personal Finance Newsletter 2006, pp 10 –11 (2006)More Less
Extracted from text ... 10 January 2006 Moneyweb's PERSONAL FINANCE WHEN the South African Reserve Bank's monetary policy committee decided to leave interest rates unchanged in December 2005, many were unsurprised, given the spate of lower than expected inflation figures for October and a steady decline in oil prices from COMMENT Interest rates and inflation - an outlook for 2006 Moneyweb's Personal Finance gazes into its crystal ball and looks ahead to likely interest rate movements in 2006 By ANA MONTEIRO September 2005 highs. However, after months of rhetoric that made rates hikes in 2006 seem inevitable, the Reserve Bank's messages show that ..
Author Alec HoggSource: Personal Finance Newsletter 2006, pp 12 –13 (2006)More Less
Extracted from text ... 12 January 2006 Moneyweb's PERSONAL FINANCE INVESTMENT BASICS The first-time investor's guide to the JSE The beginning of a new year is a good time to learn something new. If you have never invested in shares before, this second extract from Alec Hogg's book, "Shares: A Buyer's Guide", will show you what's involved What is an exchange? An exchange provides a place for investors to buy and sell securities in listed companies which have come to the exchange to raise capital for their businesses. Companies do this on the primary market, while the investors already owning shares trade on ..
Source: Personal Finance Newsletter 2006, pp 14 –15 (2006)More Less
Extracted from text ... 14 January 2006 Moneyweb's PERSONAL FINANCE TAX SARS checklist for 2006 In an ideal world, tax planning should start on 1 March. However, human nature being what it is, things get put off until the end of the year. There's still time to sort things out - if you act now By STEVEN JONES THE beginning of a new year is traditionally not the time to be thinking about your taxes. I'm reasonably certain that, apart from Finance Minister Trevor Manuel, no-one was raising their glasses in a toast to SARS Commissioner Pravin Gordhan and his team for the ..
Source: Personal Finance Newsletter 2006, pp 15 –16 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE January 2006 15 MONEY SAVING TIPS By STEVEN JONES IN this extended edition of the "Low-hanging fruit" feature, we provide some useful tips to kickstart your financial wellbeing in 2006. ?? We may have mentioned this in a previous article, but this is the time of the year that school fees are due, and now is the time to start negotiating discounts. Schools, like any other entities, need cash in order to survive, and many schools offer substantial discounts to parents who pay the entire year's fees in advance. However, before you write out that cheque, ..