Trending on Moneyweb
Top articles and comments, based on the Moneyweb Insiders activity.
The top shared articles of past 24hours.
    Antoinette Slabbert / 16 October 2018 Families lose money, dream holidays turn into nightmares, tourists are going elsewhere.
     59      18   
    Hilton Tarrant / 17 October 2018 Getting onto higher reward levels makes a massive difference …
     43      15   
    Arabile Gumede / 16 October 2018 If the lender or seller is not registered as a credit provider.
     41      2   
    Patrick Cairns / 17 October 2018 It depends which index you use.
     22      6   
    Nompu Siziba / 17 October 2018 Jaco van Tonder of Investec Asset Management shares some guidelines on how to ensure that your retirement income lasts a lifetime.
     17      0   
    Prinesha Naidoo / 17 October 2018 … despite prevailing conditions and sub-par economic growth prospects.
     15      6   
    Sasha Planting / 17 October 2018 Sars will ensure the full 20% dividends tax is deducted.
     14      2   
    Marcia Klein / 17 October 2018 Records its strongest performance in five years.
     13      0   
    Amanda Visser / 17 October 2018 Returns must be submitted by the end of November if penalties are to be avoided.
     11      0   
    Prinesha Naidoo / 17 October 2018 The total combined project value is R6.5bn, with a total generation capacity of 284MW.
     9      0   
    Arnold Segawa / 17 October 2018 Last week's bull run on the Zimbabwe Stock Exchange must be viewed with caution.
     5      0   
    Nompu Siziba / 16 October 2018 Reducing the base cost of 2 500 products to focus on everyday purchases helped drive H1 trading, says CEO Richard Brasher.
     5      0   
    Lucas Shaw, Bloomberg / 17 October 2018 Netflix also issued an upbeat outlook for the current three months, saying it plans to add 28.9 million customers in total this year.
     4      0   
    Reuters / 16 October 2018 For the 'reckless mismanagement of Sars', says judge Nugent.
     4      3   
    Arabile Gumede / 16 October 2018 What alternative power solutions for businesses?
     2      0   
    Reuters / 16 October 2018 The state-owned company has not paid managers and specialists their full salaries in September.
     2      2   
    David Stringer, Bloomberg / 17 October 2018 BHP Billiton is boosting sales of the top-quality nickel that’s needed for electric vehicle batteries.
     2      0   
    Reuters and Bloomberg / 16 October 2018 SA's credit rating could be upgraded if it implements structural reforms to raise economic growth and stabilise the nation’s debt burden, Moody's says.
     2      1   
    Tom Metcalf and Jack Witzig, Bloomberg / 17 October 2018 It’s a perfect 10.
     2      0   
    Daniel Moss, Bloomberg Opinion / 17 October 2018 You can do the right thing and still be punished, at least for a while.
     2      0   
The top shared articles of the past 7 days.
    Patrick Cairns / 11 October 2018 Absa's special offer is not what it seems at first glance.
     941      40   
    Ingé Lamprecht / 15 October 2018 Life insurer in possible breach of FAIS code of conduct, says legal expert.
     400      15   
    Ian Edwards / 13 October 2018 A house and pension are the only assets that should be kept in SA, the rest should be invested in hard currency assets that will protect investor's buying power.
     357      33   
    Hilton Tarrant / 16 October 2018 Absa’s '13%' special offer has put these products back in the spotlight.
     312      17   
    Bloomberg / 11 October 2018 Fixing Eskom is arguably the president's biggest challenge.
     239      9   
    Prinesha Naidoo / 11 October 2018 No planned job cuts as group puts customers at the centre of business.
     146      4   
    Ciaran Ryan / 15 October 2018 While the contractor issues 4 000 summonses a month, the legal woes continue.
     127      22   
    Sasha Planting / 11 October 2018 'Shareholders are attempting a hostile takeover.'
     96      17   
    Ciaran Ryan / 15 October 2018 Banks are clogging the system by bringing cases to the high court that properly belong in the lower courts.
     93      4   
    Lulu Yilun Chen and Sofia Horta e Costa / 12 October 2018 The stock market superstar’s record-breaking sell-off is getting worse.
     93      8   
    Prinesha Naidoo / 12 October 2018 Insurer eyes savings-led transactional banking capabilities integrated into rewards programme.
     83      8   
    Arnold Segawa / 12 October 2018 South Africa, revered as one of the world’s freest countries in 2000, has taken a monumental tumble in the latest global ranking.
     82      21   
    Loni Prinsloo, Janice Kew and Renee Bonorchis / 11 October 2018 Message sent by Jooste days before retailer’s accounts crisis.
     79      27   
    Roxanne Henderson and Renee Bonorchis, Bloomberg / 11 October 2018 An investigation into VBS Mutual Bank found that at least 53 people and companies may have benefited from the looting.
     76      22   
    Suren Naidoo / 11 October 2018 Absa Towers to be redeveloped.
     69      6   
    Antoinette Slabbert / 16 October 2018 Govender resigns, money for salaries questioned.
     68      28   
    Patrick Cairns / 16 October 2018 Not so stable?
     67      8   
    Antoinette Slabbert / 16 October 2018 Families lose money, dream holidays turn into nightmares, tourists are going elsewhere.
     59      18   
    Ryk van Niekerk / 12 October 2018 Despite an application for a court order to compel the company to do so.
     54      0   
    Sohini Castille / 13 October 2018 Report shows that a majority of women do not have a retirement plan, suggesting that the gender inequality gap will continue.
     52      3   
The top shared articles of the past month.
    Patrick Cairns / 11 October 2018 Absa's special offer is not what it seems at first glance.
     941      40   
    Ingé Lamprecht / 15 October 2018 Life insurer in possible breach of FAIS code of conduct, says legal expert.
     400      15   
    Ian Edwards / 13 October 2018 A house and pension are the only assets that should be kept in SA, the rest should be invested in hard currency assets that will protect investor's buying power.
     357      33   
    Hilton Tarrant / 9 October 2018 Leroy Merlin is unlike anything we’ve seen in SA.
     342      19   
    Hilton Tarrant / 16 October 2018 Absa’s '13%' special offer has put these products back in the spotlight.
     312      17   
    Hilton Tarrant / 18 September 2018 And overhauls Active Rewards (again)…
     299      26   
    Bloomberg / 11 October 2018 Fixing Eskom is arguably the president's biggest challenge.
     239      9   
    Sasha Planting / 3 October 2018 The company says it's part of the new organisational design.
     234      35   
    Tim Mertens / 30 September 2018 A popular misconception around financial emigration is that you have to give up your South African passport and citizenship.
     220      6   
    Antoinette Slabbert / 21 September 2018 Prepared to die for radical economic transformation, president says.
     169      22   
    Antoinette Slabbert / 26 September 2018 Tourism industry slams 'confusing' visa message.
     167      29   
    Ingé Lamprecht / 8 October 2018 Thousands of sectional title residential properties may be affected by erroneous categorisation.
     151      27   
    Prinesha Naidoo / 11 October 2018 No planned job cuts as group puts customers at the centre of business.
     146      4   
    Antoinette Slabbert / 2 October 2018 Government misses deadline to resolve Gauteng e-tolling issue.
     141      26   
    Ciaran Ryan / 1 October 2018 It’s preferable to start saving when you’re in your 20s, but the ‘better late than never’ maxim holds true.
     135      6   
    Steven Nathan / 25 September 2018 A poor performing economy is no reason to abandon your retirement savings.
     130      34   
    Ciaran Ryan / 15 October 2018 While the contractor issues 4 000 summonses a month, the legal woes continue.
     127      22   
    Patrick Cairns / 17 September 2018 Fund flows tell an interesting story.
     127      4   
    Ciaran Ryan / 1 October 2018 'Thousands of vehicles are being repossessed each year based on false figures.'
     125      13   
    Magnus Heystek / 25 September 2018 The dangers of having all your investments tied up in SA.
     122      29   
The latest 20 comments.
  1. Mike Lowry

    17 October 2018 @ 9:53 am
  2. "They have long-term contracts with their clients" ? PSG? I thought they have shareholders like any other company.
  3. Gemini

    17 October 2018 @ 9:34 am
  4. Mine is in line with Skoobuza - Opportunity cost - Interest lost on R100k - Benefits - Free banking (just some fees on forex transaction) - I spend about 20k on my credit card. Make up most of my points on FNB Chanel Island accounts ($ and Pound accounts - Also zero cost if you keep to the minimums)
  5. PJJ

    17 October 2018 @ 9:32 am
  6. @Sweetpea Bank fees in total = R210, I pay my CC clean so I don't pay any interest thanks to the 55 days interest free period, I don't spend a fortune, I spend as much as I always did, I did a rough calculation the other day and taking opportunity costs and everything into account I am still making R500+- profit
  7. Doobaba123

    17 October 2018 @ 9:29 am
  8. Doing the same, it's when you read more and more articles like this that you realise it is the way to go! Sure 10% of active managers out-perform the index (before factoring in fees), it's probably more around 5% once you allow for their fees. How is the average person let alone financial adviser going to pick the 5% when it is never a consistent 5% and everyone claims they can outperform the index?
  9. Skoobuza

    17 October 2018 @ 9:25 am
  10. Agree with PJJ & Gemini-I bank smart and all opportunity costs taken into account. Level 5 every month-Avg R1200 ebucks every month + free RMB banking@ R470pm = R1670 gain. Loss in interest in maintaining R100k balance@7% R580pm, hence net gain=+-R1000pm plus all perks of private banking. I do not have credit products. Wife is a secondary card holder(no fee) and all spend gets channeled via my account.Monthly spend is nothing out of the ordinary.
  11. Pamplona

    17 October 2018 @ 9:20 am
  12. Greed, hubris and more greed. Iced with arrogance
  13. MHB

    17 October 2018 @ 9:18 am
  14. Premier costs R209 for cheque+credit card, and gets me about R900 a month, depending on spend. I don't use Uber. Private Clients costs R385, but spend limits and earn rates are higher.
  15. dcb85

    17 October 2018 @ 9:10 am
  16. Paragraph 16 states "...with its reliance on coal-fired power stations, it’s not governmentally friendly either...." If even something like this can slip by, how accurate is any of your other "facts"???
  17. Pamplona

    17 October 2018 @ 9:10 am
  18. Excellent summary yeboBru
  19. Charles

    17 October 2018 @ 8:55 am
  20. As the great Charles D Ellis (Winning the loser's game author) said at a Satrix/CFA conference last week: "no one likes to be average.... but if you invest in the index, you will perform in the top quartile over the long term".
  21. Go Long

    17 October 2018 @ 8:54 am
  22. In ten years time people will look back and laugh at the management fees they used to pay.
  23. honest Joe

    17 October 2018 @ 8:37 am
  24. Surely there are criminal deeds and matters for civil action - take him to court to lock him up and recover some of the losses.
  25. cj1

    17 October 2018 @ 8:28 am
  26. Gemini Are you direct offshore? Or via asset swap? If direct, when we die, are your investments treated as part of your local estate (i.e no foreign tax issues and foreign executors ans foreign will issues). Do they have good service, lets say i have questions or do a switch? Or need an old tax certificate? Or need to update my beneficiaries etc etc If you reply positive on all of these then i unknowingly went the more expensive route on LISP... Thanks.
  27. Sweetpea

    17 October 2018 @ 8:27 am
  28. >PJJ & Gemini. What does it cost you each month in fees and interest and what is the return in bucks? You also have to spend a fortune on your card, so include the monthly cost of the card too in the calculation.
  29. pwgg

    17 October 2018 @ 8:26 am
  30. And just yesterday Hanekom the turncoat, has waxing away about the national parks being the jewel of our tourism and had to be looked after to promote tourism. classic ANC move, left hand not knowing what the right is up to.
  31. Sweetpea

    17 October 2018 @ 8:24 am
  32. So, how much have you spent per month and how much is your bank fees each month the gets you to earn this R1500 with of e bucks per month?
  33. MrG9000

    17 October 2018 @ 8:20 am
  34. doing the same
  35. yeboBRU

    17 October 2018 @ 8:12 am
  36. So true. They purged all of the organisational knowledge in the SOE's with their rapid seizing of control in mid 90's. Anyone who has ever read a management textbook, would shudder at the thought of losing all the best technocrats in government in less than 5 years. ANC set the bar back to zero and had to learn from doing, which can work at a blue collar level, but in infinitely complex organisations (infinitely complex to any one individual, thus we need boards of multi disciplinary professionals to run them, not one smart ol chap) this cannot and clearly did not work. Those who held the reigns initially had the benefit of a small/limited handover, but then had to manage a bunch of newly em-placed incompetents which burnt them out and they left, you then had new hands everywhere without the requisite experience. I personally feel the organisational decline and incompetent organisational culture is now so firmly entrenched, that when they believe they are delivering on an exceptional basis, its still an absolute fail against what the benchmark should be... Roll on idiocracy...
  37. Johan_Buys

    17 October 2018 @ 8:03 am
  38. It would be great if a tax expert reader could do a Q&A on exactly how the foreign tax credit works in a typical mix of: SA business income SA interest and dividend income base Foreign interest income not subject to withholding Significant foreign dividend income in US subject to 15% withholding SA retirement annuity SA medical deductions I can find no clear rule that works out the sequence of what can be offset against what, or how the carry forward of disallowed foreign tax credits is traced and re-applied in future periods. I have asked a tax partner, we looked through four examples and none of the four made sense or were consistent.
  39. PJJ

    17 October 2018 @ 8:00 am
  40. I concur, I also make a handsome profit from my eBucks per month, as much of a ballache it is to maintain its worth every penny.
The top voted comments of the past 7 days.
  1. Ayanda

    12 October 2018 @ 6:53 am
  2. How ironic. This ANC Government claims to be pro-poor yet, after a good start in the late 1990s, absolutely EVERYTHING that it now does is anti-poor: Anti-Investment, anti-growth and anti-employment: Uncertain property/asset rights, excessive personal and corporate taxation, laughably capricious “twin peaks” regulation, administered prices, minimum wages, inscrutable apartheid-era forex controls, derisory mining, financial and other “charters”, oppressive labour laws - all over-layed by an almost complete break down in law and order, theft, corruption and state capture. No wonder the poor are getting poorer.
  3. sterling

    10 October 2018 @ 3:38 pm
  4. We read these stories every day and NOTHING happens... So whats the point in writing them? It’s all a charade. Going through the motions. Being outraged. Discussing it at the weekend braai. Shaking our heads. And then moving on with our lives knowing that nothing is going to happen...except taxes will go up And when someone is arrested the tax payer spends years helping defend these people. After all they can afford the best lawyers. If I were a journalist I would start to wonder why I am writing all these stories. Is it just to depress us?
  5. Dat Boi

    15 October 2018 @ 6:55 am
  6. Loser.
  7. bobsmith

    10 October 2018 @ 2:36 pm
  8. Arrest them all!! Nothing like jail time to humble this regime!
  9. Daviddebeer

    10 October 2018 @ 2:42 pm
  10. Agreed. I would be REALLY interested ti hear how many, if any, repayments former president Hehe! Has made..
  11. TalkToJohn

    11 October 2018 @ 12:48 am
  12. Good article. It's actually around 10.5% pa, if interest is taken annually, compounding to 13% effective after 5 years. But certainly misleading advertising. Nevertheless, after investigating myself over the past few days and looking at the actual rates, I'll still be putting some money in there later today. And sorting out the CGT on the old investments next year. As you say, Patrick, it's still a great rate. So are their 2 year and 18 month rates. Would just be nice if they were honest and open about the realities of the numbers, so non-financial people could compare options properly. Would be wonderful if all other banks would do the same.
  13. langezand

    13 October 2018 @ 10:23 am
  14. I agree 100 % . I would think that one should value your SA assets , which typically would be your home , business and maybe other investment properties ,and local shares or unit trust investments . Then add up your off shore assets or global unit trust investments . We live in Africa , a third world continent , and with our government track record SA will slowly ,over time , slide to be just another African third world country . With this scenario in mind , at least 50% of your total assets , should not be invested in Africa . Very few people i know have , or objectively try, to reach such a level of off shore exposure . But it is time to accept that our African growth rates are simply not going to keep apace with the USA or other developed markets .
  15. rebelboer

    16 October 2018 @ 6:21 am
  16. Dear ANC, even though ESCOM is not in the private sector, the reality is that you will have to reduce staff numbers and overtime. International financial institutions do not care about your socialist 'political' agenda. They want loans to be repaid. The alternative is ZIMBABWE..!
  17. financial virgin

    13 October 2018 @ 11:02 am
  18. Hi Magnus, is that you?
  19. The Hun

    12 October 2018 @ 2:13 pm
  20. I have a problem with the definition of recession. Two consecutive negative quarter is defined as recession, which I have no problem with in a normal country with stable population. On the other hand in SA with the population growth of 1.5% any GDP growth below this figure actually indicates negative per capita GDP growth, meaning the average person is getting poorer, but according to the definition as long as the growth is above 0% there is no recession. On the other hand countries with negative population growth, like the Baltic states, a 0.1% decline in GDP actually means increased per capita GDP, despite this they would officially be in recession. Where is the logic in this?
  21. Seriously

    10 October 2018 @ 2:51 pm
  22. At what stage does the ANC actually put up its hands and acknowledge that it is corrupt from top to bottom and that it is responsible for this very sad state of affairs? No inward investment should take place until issues like this have been addressed and corruption rooted out with those responsible paying a very heavy price.
  23. boomgloom

    11 October 2018 @ 7:36 am
  24. As most home owners with a bond are paying around 10.5% interest, the best and safest way to invest spare cash is into your access bond. That will compound tax free, be flexible in terms of the interest rate which will surely increase and be readily accessible. No brainer really.
  25. Zokey

    11 October 2018 @ 5:41 am
  26. I am tired of these banks offerings! I HATE hearing you can get "UP TO" 11% etc... That up to phrase MUST BE TAKEN OUT OF THE INVESTMENT INDUSTRY!!
  27. Sensei

    12 October 2018 @ 2:22 pm
  28. The first signs that the ship has been steered clear of the rocks will be the breakup of Eskom and the sale of SAA. The problem is that the list of failing SOE's and bankrupt municipalities are growing faster than the list of interested buyers. We also have to consider the fact that the politically connected steal all funds before it can be used to benefit the economy. These guys don't waste time to break in at a bank, the board and employees at VBS simply stole their own bank! They distributed the loot among themselves, that is why is is called a "mutual bank". How anybody can still support the ANC or the EFF is simply beyond me. Only criminals support criminal organizations. The ANC will have to adopt the economic policy of the opposition before the IMF will bail them out. The best option will be for South Africans to bail themselves out by electing a coalition of the DA, FF+, ACDP, UDM, Cope and IFP into power. A local solution for local problems. It took millions of years of plate tectonics to move Venezuela away from Africa, but the ANC will turn South Africa into Venezuela in no time.
  29. JLN

    13 October 2018 @ 8:36 am
  30. Excellent article!
  31. Sensei

    10 October 2018 @ 3:54 pm
  32. "The management of VBS are the best examples of black excellence". The EFF said it when they accused the Reserve Bank of being racist for acting against VBS. What does it say about the EFF when they protect criminals who steal from poor people? But then again, that is typical of all socialists.
  33. Sensei

    13 October 2018 @ 2:26 pm
  34. Do you pay for referrals? You can speak to this guy - Floyd Shivambu - he recently robbed a bank with the help of his brother. A while ago he was a stern believer in socialism, but after this EFF-style BEE project, he became a capitalist in no time. Once empowered- always empowered they say.
  35. Sensei

    11 October 2018 @ 11:59 am
  36. I don't understand why people are surprised that the EFF shared in the looting of VBS. The EFF merely executed their stated policy of expropriation without compensation! They are executing the mandate they received from their ignorant supporters. Individuals and institutions that have funds to invest in a bank account are capitalists right? They expropriated the assets of the capitalists class they hate so much. Never mind the fact that these funds were the life savings of poor black people. The EFF promises to steal from white people, but in the mean time they steal from black people.
  37. PJJ

    10 October 2018 @ 3:58 pm
  38. "We read these stories every day and NOTHING happens…" Sadly things like financial fraud takes second place in the SA news cycle behind stories about someone calling their employees monkeys.
  39. SAfrican

    11 October 2018 @ 8:39 am
  40. When does this man go to jail?
The top commented articles of the past 7 days.
    Patrick Cairns / 11 October 2018 Absa's special offer is not what it seems at first glance.
     941      40   
    Ian Edwards / 13 October 2018 A house and pension are the only assets that should be kept in SA, the rest should be invested in hard currency assets that will protect investor's buying power.
     357      33   
    Antoinette Slabbert / 16 October 2018 Govender resigns, money for salaries questioned.
     68      28   
    Loni Prinsloo, Janice Kew and Renee Bonorchis / 11 October 2018 Message sent by Jooste days before retailer’s accounts crisis.
     79      27   
    Antoinette Slabbert / 11 October 2018 Medical scheme accused of discrimination.
     41      27   
    Roxanne Henderson and Renee Bonorchis, Bloomberg / 11 October 2018 An investigation into VBS Mutual Bank found that at least 53 people and companies may have benefited from the looting.
     76      22   
    Ciaran Ryan / 15 October 2018 While the contractor issues 4 000 summonses a month, the legal woes continue.
     127      22   
    Arnold Segawa / 12 October 2018 South Africa, revered as one of the world’s freest countries in 2000, has taken a monumental tumble in the latest global ranking.
     82      21   
    Barbara Curson / 15 October 2018 Government should ruthlessly focus on more crucial projects.
     49      20   
    Antoinette Slabbert / 16 October 2018 Families lose money, dream holidays turn into nightmares, tourists are going elsewhere.
     59      18   
    Hilton Tarrant / 12 October 2018 Why Discovery Insure’s driver behaviour programme is not a gimmick …
     25      18   
    Hilton Tarrant / 16 October 2018 Absa’s '13%' special offer has put these products back in the spotlight.
     312      17   
    Sasha Planting / 11 October 2018 'Shareholders are attempting a hostile takeover.'
     96      17   
    Joe Brock, Reuters / 11 October 2018 'There is no way the EFF got money from VBS,' says EFF chairman Dali Mpofu.
     50      17   
    Ingé Lamprecht / 15 October 2018 Life insurer in possible breach of FAIS code of conduct, says legal expert.
     400      15   
    Hilton Tarrant / 17 October 2018 Getting onto higher reward levels makes a massive difference …
     43      15   
    Ingé Lamprecht / 16 October 2018 CEO Hylton Kallner says court files have been sealed and provides context.
     36      13   
    Arabile Gumede and Nastassia Arendse / 12 October 2018 'Our prosecution system is letting us down.'
     1      12   
    Antoinette Slabbert / 12 October 2018 Tigon accused urged to give his version.
     39      11   
    Arabile Gumede and Nastassia Arendse / 11 October 2018 Will we see arrests and prosecution?
     14      10   
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