Personal Finance Newsletter - Volume 2006, Issue 306, 2006
Volume 2006, Issue 306, 2006
Author Alec HoggSource: Personal Finance Newsletter 2006, pp 1 –2 (2006)More Less
Extracted from text ... MONEYWEB No. 306 May 2006 COMMENT INVESTMENT STRATEGY NEWSLETTER IN last month's issue of Moneyweb's Personal Finance, we spoke about a gold price "approaching $600" per fine ounce. Since then, we have seen the yellow metal crash through what was thought to be a psychological resistance level to firstly nudge $620, then $630, to hit a 25-year peak of $636 on 21 April 2006. At the time of writing, although off this peak, gold was still holding steady in the mid-$620s. Critically, while the early running was made by institutional demand, private investors all over the world are also picking ..
Author Jackie CameronSource: Personal Finance Newsletter 2006, pp 2 –3 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE BIG business for property dealers right now are so-called lifestyle estates - particularly in the Western Cape. From equestrian security complexes to rustic cottages amid the vines where you can make your own wine, upmarket property enclaves are being aggressively marketed to well-heeled buyers. One of the newest offerings to hit the market is the Val de Vie estate, in the Paarl - Franschhoek area of the Western Cape. A2 000m? plot recently sold to a British buyer there for about R4.2m. Now the owner must build the house. And, as developer Martin Venter notes, PROPERTY ..
Author Ana MonteiroSource: Personal Finance Newsletter 2006, pp 4 –5 (2006)More Less
Extracted from text ... 4 May 2006 Moneyweb's PERSONAL FINANCE BONDS How bond investments work What are the factors that influence them, and how do you get into them? By ANA MONTEIRO FOR a long time, the bond market was an investment arena reserved for the super-rich, insurance companies and unit trust funds, with the nominal value of a single bond running into hundreds of thousands of rands. However, with the introduction of government retail bonds by the National Treasury in May 2004, individuals are now able to effectively 'lend' their money to the government, receiving bi-annual interest payments, and get their initial ..
Author Monique VanekSource: Personal Finance Newsletter 2006, pp 5 –7 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE May 2006 5 IN last month's issue of Moneyweb's Personal Finance, we examined four cases that were brought against various medical schemes by their members during 2005. The purpose of reporting on these cases is to highlight some of the MEDICAL Consumers vs. medical aids - Part 2 After reading some of the cases brought by consumers against their medical schemes in last month's issue, one would think that the schemes concerned would "go - and sin no more". As you will see in our second article on this subject, this has not been the case. ..
Source: Personal Finance Newsletter 2006, pp 7 –8 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE May 2006 7 MARKETS Investing in new listings - a checklist After a number of years in the doldrums, the current market enthusiasm has brought a number of new listings to the JSE. Before you get caught up in the euphoria, here are some things you should consider. By DAVID CARTE MANY people like to boast about how they made a fortune in investing in some newly-listed company whose share price blasted off into the stratosphere shortly after listing. And whilst it is true that today's blue chips were once new listings themselves, the hallowed halls ..
Author Julius CobbettSource: Personal Finance Newsletter 2006, pp 9 –10 (2006)More Less
Extracted from text ... MARKETS Moneyweb's PERSONAL FINANCE May 2006 9 JSE exchange-traded funds unpacked Moneyweb's Personal Finance takes a look at Satrix's new products - and summarises the existing suite. By JULIUS COBBETT THOUGH still a relatively new investment product to South Africans, exchange-traded funds (ETFs) are gaining momentum. Encouraged by its success, the JSE has launched two new funds under the Satrix brand, bringing its suite of local products to five. Local ETFs The Satrix Resi provides investors with exposure to JSE's Resource 20 index. The larger companies dominate the Resi, with five companies making up 78% of the fund. Anglo ..
Author Dikatso MametseSource: Personal Finance Newsletter 2006, pp 10 –11 (2006)More Less
Extracted from text ... 10 May 2006 Moneyweb's PERSONAL FINANCE BUSINESS How to become (black) empowered Black Economic Empowerment can often be an emotive issue, but it is one that is a reality of economic life in the New South Africa. So how does one keep up with the Ramaphosa's? By DIKATSO MAMETSE The cost per trade is the same The costs of this plan will available for Itrix products. ?? WE'VE seen the black fat cats getting even fatter thanks to black economic empowerment, and one wonders if there's any way a normal Sipho from around the block can also cash in, ..
Source: Personal Finance Newsletter 2006, pp 11 –12 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE May 2006 11 "Also if you call rating clout and cash, " he says. "This is business. ?? TAX SARS hunts down tardy taxpayers The South African Revenue Service is becoming increasingly aggressive when it comes to collecting what is owed. By DAVID CARTE DON'T mess with the South African Revenue Service (SARS), even if you owe them only R100. Last year the bloodhounds of SARS, who are under pressure to raise targets running to more than R400bn, issued 119 000 summonses to tardy taxpayers. Of these, 12 000 paid admissions of guilt, 6 600 were ..
Author Gaylyn Wingate-PearseSource: Personal Finance Newsletter 2006, pp 12 –13 (2006)More Less
Extracted from text ... 12 May 2006 Moneyweb's PERSONAL FINANCE PROPERTY Investing in overseas property With the Rand being strong and offshore investment allowances being increased, South Africans are looking across the waters to diversify their property portfolios. By GAYLYN WINGATE-PEARSE cases were the result of an error. money offshore. EVER dream about buying property abroad? A central apartment in London or a beachfront cottage in Mauritius may not suit all pockets, but South Africans are looking overseas in growing numbers. According to Intellectual Property, a Pam Golding Property Group publication, more and more South Africans are buying properties abroad - predominantly as ..
Source: Personal Finance Newsletter 2006, pp 13 –15 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE May 2006 13 up to US$5m (R30m). ADVICE Living together? Avoid these pitfalls Many people choose to co-habit outside the bounds of marriage these days. However, the ending of such relationships often bring financial disaster and end up in court. Don't let this be you. By STEVEN JONES SINCE time immemorial, marriage was seen as the cornerstone of family life. This traditional view of domestic relationships was reflected in religious teachings, legislation, and societal norms. However, the reality in our modern society is that more and more people are choosing to live together without the ceremonial ..
Source: Personal Finance Newsletter 2006, pp 15 –16 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE May 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 ?? MOST retail clothing stores have some or other "club" that you are invited to join, with the promise of special offers exclusive to club members, etc. Regular readers of this column will by now understand my cynical nature, and my initial view of these clubs is that they are another ..