Personal Finance Newsletter - Volume 2006, Issue 305, 2006
Volume 2006, Issue 305, 2006
Author Gareth TredwaySource: Personal Finance Newsletter 2006, pp 1 –2 (2006)More Less
Extracted from text ... COMMENT IT IS now widely known that the dollar gold price's rapid increase over the past few years has been largely due to a wall of investor demand for the yellow metal. One indicator of this is the massive take-off in exchange trade gold, or shares representing physical gold held in vaults. Currently, tion in the US averaged about 3% annually. And while it has gone up to about 3.4% in 2005, from only 1.6% in 2002, future forecasts do not see it going much higher. CPM reckons that it will not break 3.4% for 2006, and says it ..
Author Jackie CameronSource: Personal Finance Newsletter 2006, pp 2 –4 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE LIFE ASSURANCE New-generation endowments The Pension Funds Adjudicator has raised a red flag concerning costs relating to endowments, and the industry has responded with some new products. But are they good investments? By JACKIE CAMERON THE year 2005 will go down as something of an annus horribilis for the life assurance industry. It was a year in which some of their notoriously opaque savings products were dissected and laid bare for consumers, largely by Pension Funds' Adjudicator Vuyani Ngalwana. There had been suspicions for some time that life companies have been helping themselves to huge chunks ..
Author Gaylyn Wingate-PearseSource: Personal Finance Newsletter 2006, pp 4 –5 (2006)More Less
Extracted from text ... 4 April 2006 Moneyweb's PERSONAL FINANCE PROPERTY Listed property - a top performer In 2005, the listed property index had a total return better than the JSE All Share (Alsi) index, making it the best performing asset class. Is it on track for another bumper year? By GAYLYN WINGATE-PEARSE "Market expectation for growth in distributions is in the region of 8%" MANY people have exposure to property as an asset class through unit trusts or retirement funds, but may think that the property allocation in each of these investments is either too overweight or underweight for their liking. Many ..
Source: Personal Finance Newsletter 2006, pp 5 –7 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE April 2006 5 EVERY year at around this time, with great fanfare, the South African Revenue Service (SARS) launches Tax Filing Season. This is the time of year when post boxes around the country resound with the thud of tax returns being placed therein. The deadline for completion and submission of these returns, although not announced at the time of writing, is usually around the first or second week of July. And, except for very specific reasons, SARS is becoming somewhat sticky about granting extensions. Of course, South Africans are notoriously tardy when it comes to ..
Source: Personal Finance Newsletter 2006, pp 7 –9 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE April 2006 7 Editor's note: One month on - so far, so good At around the beginning of each year, the Moneyweb staffers put together a "model portfolio", selecting around 6 - 8 shares and providing reasons justifying their selection. Since South Africa is now firmly entrenched as part of the global economy, with many of its companies having world-wide interests, it makes sense to identify trends in the global economy that will have an influence on local markets. Alec Hogg had the ideal opportunity to identify such trends in January 2006, when he attended the ..
Author Julius CobbettSource: Personal Finance Newsletter 2006, pp 9 –10 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE April 2006 9 THE Financial Services Board (FSB), the industry regulator, is working on a framework that will allow hedge funds to classify themselves as collective investment schemes. This will be introduced as soon as tax clarity is achieved, and the FSB is reluctant to commit to a deadline. It remains to be seen whether investors in regulated hedge funds will be taxed on capital gains, as is the case with unit trusts, or on trading profits. Broadly defined, hedge funds aim to deliver positive returns regardless of whether markets are going up or down. The ..
Author Monique VanekSource: Personal Finance Newsletter 2006, pp 10 –12 (2006)More Less
Extracted from text ... Your medical aid fund, like other forms of insurance, tends to have a fairly low priority in your life - until you need it. Whilst the various players in the industry offer a plethora of different options, when it comes down to basics, people really want two things from their medical aid schemes: 1. I want to pay a reasonable contribution rate for the benefits that I am MEDICAL Consumer vs. medical aids Consumers took a number of cases against medical aid schemes to the Medical Schemes Council Appeal Committee during 2005. In this issue, we examine four cases ..
Author Dikatso MametseSource: Personal Finance Newsletter 2006, pp 12 –13 (2006)More Less
Extracted from text ... 12 April 2006 Moneyweb's PERSONAL FINANCE MARKETS Media companies are the way to go Analysts say that the four big media companies still hold value for investors. By DIKATSO MAMETSE ANALYSTS say that the four big media companies, namely Naspers, Primedia, Johnnic Communications (Johncom), and Kagiso Media still hold value for investors. Coronation Fund Managers, an institution whose clients have a big exposure to the South African media sector, believes that the shares still have legs. Its single biggest portfolio holding, Naspers, remains a favourite. Coronation holds, on behalf of its clients, a 12% stake in Naspers, just less ..
Source: Personal Finance Newsletter 2006, pp 13 –14 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE April 2006 13 MARKETS An ideal rand hedge Alec Hogg reports back on his visit to Steinhoff, and finds a unique business model that provides an excellent long-term opportunity. By ALEC HOGG The head office tells us a lot about the company which inhabits it. So I was all eyes when visiting the home of JSE-listed Steinhoff International, one of the world's biggest furniture manufacturers. Steinhoff didn't disappoint. Firstly, its head office is in Wynberg, Johannesburg's worst named suburb. This is no leafy, vine covered enclave with a mountain view. Wynberg in Gauteng is wall-to-wall factories. ..
Source: Personal Finance Newsletter 2006, pp 14 –15 (2006)More Less
Extracted from text ... SCAM ALERT "You have won a prize" Few things match the joy and surprise of winning something, no matter how small the prize may be. Many unscrupulous operators rely on this... By STEVEN JONES OUR Toastmasters club has a raffle at each meeting in order to bolster the club's coffers. The contribution is R5, and the prize is usually a bottle of wine. In four years, I have won the wine twice, and the fact that I don't even drink wine is irrelevant - the thrill of winning is undiminished. Unfortunately, there are many unscrupulous operators out there who ..
Source: Personal Finance Newsletter 2006, pp 15 –16 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE April 2006 15 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 IT is well-publicised that SARS is clamping down ever more tightly on travel allowances, with the deemed private travel having been increased yet again to 18 000 kilometres per annum from 1 March 2006. However, if you keep a logbook to substantiate your business travel, this change will not affect you. ..