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 The Sharenet Daily 
Wednesday, 08 February 2012 - 20:00
Top News
SA Business
Company News
Company Results
World Markets (Spot Prices)
JSE Today
JSE Trading Statistics
Major Moves
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)

Treasure Hunting

There was a point in my life when I wanted to be a pirate. I wanted the sword, the parrot, and the treasure at the end of the treacherous journey. The starting point of any heroic quest to a lost buried treasure starts with a treasure map. My pirate career never really took off, but I never stopped looking for a map that would lead me to the treasure.

A budget can be seen as a modern day version of a treasure map. Both are hard to follow, but if followed can lead you to a treasure. Starting a budget for you or your household can be seen as finding a treasure map.

The first step to draw up a budget is to know your income and how it is spent. One way to see how you are spending your money is to go through your bank statements and savings account. From there you will be able to find out what you spend your money on and what your monthly total is.

The second step is to make a list of all the expenses that you would expect to have during a month. You need to split the list into fixed and variable expenses. Fixed expenses occur monthly and are relatively stable and include items such as mortgage/rent, car payments, levies, and medical aid. Variable expenses by their nature are more volatile and are where most of the lost treasure is hiding. Some examples of variable expenses include groceries, petrol, clothing, cellphone bills, eating out and holidays.

From the list of your expenses you will be able to see how much you spend in a month versus your monthly income. If your income is more than what you are spending then you’re already on the right path to financial freedom (the treasure). You should also make sure that you include a savings portion in your budget to save for a rainy day.

If your expenses are more than your income you have two options. Either you will need to increase your income or cut back on your spending. In the short term it is usually easier cut back on spending than it is to increase your income.

Expenses can also be grouped into necessities, comforts, and luxuries. The necessities are goods/services you can’t live without – the things that you need to survive. Comforts make living easier such as smartphones and buying food from Woollies. We all know what luxuries are: designer clothing, the newest gadgets, expensive holidays, etc. Your money should first be allocated to necessities, then comforts, and any leftover can be spent on luxuries.

With a completed map in hand you can start the journey to the ‘X on the map’ – financial freedom. However, you also need a compass to keep you from straying off course. In the technological era there’s no need for outdated compasses. Applications (apps) that you can use to easily track your daily spending can be downloaded onto most smartphones. These will help ensure you don’t get lost in the ‘jungle of overspending’ or the ‘swamps of impulse buys’. Naturally the pen and paper system also works, but will take a bit more effort.

You now have the completed map, the way forward, and the means to keep you on the path to the coveted treasure. The road might be treacherous, but the reward in the end (financial freedom) is worth the adventure.

Kind regards,

Gerbrandt Kruger
021 9144 966

Wed, 08 Feb 2012
Top News
South Africa's government bonds fell further on Wednesday while the rand steadied despite reports the government is considering a mining wealth fund that could be used to cap the currency's gains, and as markets awaited news of a new Greek bailout.  Full story

South African stocks rose for the first time in three sessions on Wednesday, with resources firms such as Anglo American advancing after a study submitted to the ruling ANC rejected nationalisation of mines.  Full story
Republican U.S. presidential contender Rick Santorum claimed a surge of momentum and fundraising on Wednesday, a day after his shocking sweep of nominating contests in Colorado, Minnesota and Missouri that dealt a blow to front-runner Mitt Romney.  Full story
Syrian forces thrust into the rebellious city of Homs on Wednesday, killing as many as 100 civilians by the accounts of opposition activists, and Turkey appeared to be preparing a new diplomatic push against President Bashar al-Assad.  Full story
The ousted president of the Maldives, credited with bringing democracy to the Indian Ocean island resort, said on Wednesday he was forced out of power at gunpoint, prompting clashes between police and angry supporters.  Full story
Gold fell on Wednesday as technical resistance prompted investors took profits after the previous session's rally and on more uncertainty about Europe's economy.. . .  Full story
World stocks were flat and the euro eased on Wednesday as investors awaited the outcome of yet another meeting of Greek political leaders. . .  Full story
U.S. stocks gave up early gains on Wednesday as the Dow hovered at its highest level in nearly four years and investors waited. . .  Full story
European shares fell from six-month highs on Wednesday after sources said the European Central Bank policymakers were still split on a Greek debt. . .  Full story

U.S. stocks began a third lackluster day on Wednesday as investors remained hesitant as Greece struggled to complete a deal on reforms in Greece. . .  Full story
Banks led European shares higher on Wednesday, with investors positioning for a favourable resolution of the Greek sovereign debt crisis and cheering a string. . .  Full story
Hong Kong shares hit a six-month high on Wednesday, led by Chinese oil, property and material names, but gains were capped by chart. . .  Full story
European stocks opened higher on Wednesday, breaking a two-day losing streak, thanks to a string of upbeat corporate outlooks and as investors bet. . .  Full story
SA Business
South Africa's 2011/12 sugar output is estimated at 1.825 million tonnes, slightly up from a previous forecast of 1.82 million tonnes,. . .  Full story
South Africa's Richards Bay Coal Terminal (RBCT) exported 4.46 million tonnes of coal in January compared with 8.084 million tonnes the. . .  Full story
. . .  Full story
. . .  Full story

Veteran emerging market investor Mark Mobius is looking for bargains in Nigeria as others take fright at violence in Africa's most. . .  Full story
A study submitted to South Africa's ruling ANC to reform its vital mining sector proposes a 50 percent tax on profits and rejects nationalisation. . .  Full story
Ivanplats, controlled by Ivanhoe Mines founder Robert Friedland, expects to produce platinum at negative cost at its giant Platreef complex in. . .  Full story
A study commissioned by South Africa's ruling ANC to maximise benefits for the state from the mining sector flatly rejects nationalisation, while proposing higher. . .  Full story

South Africa's ruling ANC is considering starting a sovereign wealth fund from proceeds of a proposed new mining tax that could be used to intervene in the market to cap gains. . .  Full story
South Africa's business confidence index decreased to a 20-month low 97.1 in January from 99.1 in December, the South African Chamber of Commerce and Industry said on Wednesday.. . .  Full story
South African paper maker Sappi posted a slight rise in first-quarter earnings on Wednesday, lifted by lower input prices and aggressive cost cuts, and said it expected more improvement ahead.. . .  Full story
Company News
Imperial provide guidance regarding the range of the expected change in earnings per share ("EPS"), headline earnings per share ("HEPS") and. . .  Full story
Shareholders are advised that at the general meeting of Colliers held on Wednesday, 08 February 2012 at 2969 William Nicol Drive. . .  Full story
Shareholders were advised that all of the ordinary and special resolutions proposed at the AGM of Nu-World held on 8 February. . .  Full story
Shareholders are advised that the JSE has approved the transfer of the listing of the company's ordinary shares from the Alternative. . .  Full story

Pick n Pay announced that CEO Nick Badminton would resign from the board of Pick n Pay effective the end of. . .  Full story
Pikwik announced that CEO Nick Badminton would resign from the board of Pikwik effective the end of the financial year but. . .  Full story
Business Day reported that gold producer DRDGOLD said it was shifting its focus to what it does best, and would concentrate. . .  Full story
Old Mutual plc today announced that its asset management business, Old Mutual Asset Management (OMAM), has sold Dwight Asset Management (Dwight). . .  Full story
Company Results
Revenue increased to R31.5 billion (R30.2 billion) but profit from operations fell to R297 million (R2.2 billion). Profit for the period. . .  Full story
Sales dropped to USD1.6 billion (USD1.9 billion) and gross profit fell to USD208 million (USD236 million). Operating profit was down to. . .  Full story
Revenue increased to USD37.5 billion (USD34.2 billion). Profit from operations rose to USD15.7 billion (USD14.5 billion). Net attributable profit declined to. . .  Full story
Revenue grew to R92.3 million (December 2010: R85.1 million) whilst profit from operations was higher at R7.2 million (December 2010: R6.5. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0034226.73252.280.74%
JSE Top 4017:0030560.71263.300.87%
JSE Gold17:002889.5239.191.37%
JSE Financial17:0024144.13141.890.59%
JSE Industrial17:0035855.00183.810.52%
JSE Indust 2517:0030050.65185.460.62%
JSE Resource17:0056127.07610.571.10%
DJ Futures19:3012805.00-26.00-0.20%
DJ Ind19:4512859.92-18.28-0.14%
SP 50020:001346.52-0.53-0.04%
FTSE 10018:355875.93-14.33-0.24%
All Ords07:384363.7018.800.43%
NZSE 5007/023315.142.910.09%
NameTimeRPMove% Move
Gold/R kg20:0042222633890.81%
Brent Crude19:56116.40-1.71-1.44%
Rand / Dollar19:597.57430.03130.41%
Rand / Pound19:5511.9631-0.0173-0.14%
Rand / Euro19:5510.05870.04170.42%
Rand / NZD19:586.31790.01370.22%
Rand / AUD19:558.18780.02310.28%
Yen / Dollar19:5977.01600.23400.30%
Euro / Dollar19:550.7532-0.0006-0.08%
Dollar / Euro19:591.32710.00120.09%
Pound / Dollar19:550.63160.00300.48%

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The JSE Today

Trading Statistics
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 CERAMIC  110008007.84.%2626
2 DORBYL  14375.15.%11005
3 PBT  17974.07.%17000
4 RAUBEX  1350503.85.%708105
5 RANGOLD  280103.70.%49597
6 JASCO  12043.45.%1282667
7 MAZOR  15553.33.%36000
8 MIXTEL  16053.23.%140200
9 ROLFES  325103.17.%43854
10 S-OCEAN  16553.13.%194938
11 PNR-FOODS  62481883.10.%153091
12 CALGRO  400123.09.%26364
13 ARB  370102.78.%7091
14 DRDGOLD  519142.77.%346832
15 SHOPRIT  133403352.58.%1433345
16 ANGLO  347908352.46.%4006184
17 TRUSTCO  12632.44.%89900
18 HOSP-A  1300302.36.%15183
19 AFRO-C  27062.27.%54895
20 OLDMUTUAL  1892422.27.%12894179

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Major Moves Down
SharenameSaleMove% MoveVolume
1 GOLIATH  410-40-8.89.%2000
2 HOWDEN  1800-100-5.26.%1445
3 NICTUS  360-20-5.26.%2000
4 TRADEH  650-30-4.41.%300
5 SAPPI  2550-105-3.95.%4932762
6 AVUSA  2020-80-3.81.%54631
7 RAINBOW  1496-54-3.48.%8754
8 GBGOLD  778-27-3.35.%25920
9 URONE  2032-68-3.24.%20816
10 ESORFRANK  130-3-2.26.%153913
11 HULAMIN  807-18-2.18.%319353
12 VILLAGE  225-5-2.17.%1030816
13 JUBILEE  186-4-2.11.%92366
14 BCX  461-9-1.91.%53880
15 CAT  1501-29-1.90.%3000
16 EASTPLATS  417-8-1.88.%65730
17 HOLDSPORT  4200-80-1.87.%600
18 GOLDONE  424-8-1.85.%150647
19 MEDCLIN  3537-53-1.48.%165393
20 PAN-AF  206-3-1.44.%1147047

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New Highs
SharenameSaleHighMove% MoveVolume
1 RMIH  15971597332.11.%1304331
2 LIFEHC  2200222170.32.%9740205
3 OMNIA  89509520180.20.%704404
4 EXXARO  2060020773-32-0.16.%582208

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New Lows
SharenameSaleLowMove% MoveVolume
1 EASTPLATS  417417-8-1.88.%65730
2 REDEFINTL  539500-6-1.10.%565842
3 DORBYL  14312775.15.%11005

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Index Summary
Index NameRPMove% Move
Top 4030,560.71263.300.87%
Mid Cap46,333.4252.460.11%
Small Cap34,315.4016.600.05%
Resource 2056,127.07610.571.10%
Industrial 2530,050.65185.460.62%
Financial 159,131.4356.670.62%
Financial & Ind. 3033,692.19225.830.67%
All Share34,226.73252.280.74%
Oil & Gas 30,266.0468.110.23%
Mining 36,331.31447.261.25%
Gold Mining2,889.5239.191.37%
Platinum Mining62.86.340.54%
GENERAL MINING9,180.40123.401.36%
Oil & Gas Producers 16,273.4936.620.23%
Basic Materials 30,739.72367.461.21%
Chemicals 14,478.6786.250.60%
Forestry & Paper 12,837.87-29.45-0.23%
Industrial Metals 32,071.10477.561.51%
Industrials 30,990.5588.740.29%
General Industrials 87,575.93167.630.19%
Consumer Goods 30,810.75197.120.64%
Automobiles & Parts 4,608.1727.170.59%
Household Goods169.5710.66%
Health Care 37,388.86-111.76-0.30%
Beverages 102.861.041.02%
Index NameRPMove% Move
Food Producers 56,690.61-57.09-0.10%
Personal Goods 442.751.800.41%
Consumer Services 60,586.67298.860.50%
General Retailers 50,840.50155.520.31%
Travel & Leisure 3,767.98-20.85-0.55%
Support Services 2,288.842.310.10%
Telecommunications 66,365.95357.460.54%
Financials 24,144.13141.890.59%
Banks 45,194.91206.480.46%
Non-life Insurance 36,373.64366.161.02%
Life Insurance 19,342.23240.511.26%
General Financial 2,305.708.980.39%
Technology 27,189.11133.770.49%
SHARIAH TOP40 3,263.22310.95%
FTSE/JSE SHARIAH ALL3,338.58290.86%
COAL MINING27,622.25-15-0.05%
FTSE JSE Fledgling 5,042.6480.16%
FTSE/JSE Alt X 1,230.70-9-0.75%
RESOURCE 30,934.153361.10%
DIVIDEND PLUS192.3310.49%
FTSE/JSE RAFI 407,161.72570.80%
Capped Top 4016,060.961370.86%
Capped All Share17,295.641280.75%
JSE TABACO 4,761.30190.40%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
09 Feb 2012KUMBADecember 2011 (Final)
09 Feb 2012OPTIMUMDecember 2011 (Interim)
10 Feb 2012ABSADecember 2011 (Final)
10 Feb 2012ABSABANK-PDecember 2011 (Final)
10 Feb 2012AQUARIUSDecember 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
HARMONY12-02-0612-03-0212-03-12R 0.4000
ZURICH SA12-02-0612-02-2412-03-05R 2.0000
SBR00312-02-0612-04-2512-05-07R 1.4700
PALAMIN12-02-0612-02-2412-03-05R 2.0700
FIRSTRANDB-P12-02-0312-02-1712-02-27R 3.0516
Ex Div**
Share NameDec-DateLDTPay-DateAmount
FOORDCMPS12-01-1912-02-0312-02-13R 0.4961
TREMATON11-11-1512-02-0312-02-13R 0.0200

Upcoming AGMs**
CodeCompany NameDateStatus
AWTAwethu Breweries Ltd08/02/2012Confirmed
NWNNu-World Holdings Ltd08/02/2012Confirmed
NWLNu-World Holdings Ltd08/02/2012Confirmed
SAPSappi Ltd08/02/2012Confirmed
ARLAstral Foods Ltd09/02/2012Confirmed

Stock Exchange News Service
08/02/201217:50 Imperial Holdings Limited - Voluntary trading statement
08/02/201217:50 New Europe Property Investments plc - Availability of condensed
08/02/201217:48 New Europe Property Investment Plc - Condensed consolidated audited
08/02/201217:40 Anglo American plc - Treasury Shares - Transfers
08/02/201217:37 Colliers South Africa Holdings Limited - Results of General Meeting
08/02/201217:35 Super Group Limited - Unwinding of restructuring and facility agreements
08/02/201217:30 Lonrho Plc - Total Voting Rights
08/02/201216:50BIIVU - iVuzi Investments Limited - Listing of New Financial Instrument and Tap
08/02/201216:46 Premium Properties Limited - Change to the board of directors
08/02/201216:46 Octodec Investments Limited - Change to the board of directors
08/02/201216:44 Resilient Property Income Fund Limited - Condensed audited consolidated
08/02/201216:32 Adaptit Holdings Limited - Unaudited condensed interim consolidated group
08/02/201216:30INL/INP - Investec Limited/Investec plc - Transaction in Investec Plc ordinary
08/02/201216:23 Clientele Limited - Trading Statement
08/02/201216:18 Famous Brands Limited - Dealings in securities by a director
08/02/201215:54 Sappi Limited - Annual General Meeting Announcement
08/02/201215:16ABL/ABLP - African Bank Investments Limited - Correction: Report on proceedings
08/02/201215:00 Redefine Properties International Limited - Issue of Linked Units
08/02/201214:54 MiX Telematics Limited - Dealing in securities by an associate of a
08/02/201214:26 Sovereign Food Investments Limited - Dealings in securities by an
08/02/201213:39 Cape Empowerment Limited - Terms announcement relating to the disposal
08/02/201213:37 Nu-World Holdings Limited - Results of the Annual General Meeting
08/02/201213:30PWK/PIK - Pick n Pay Holdings / Pick n Pay Stores - Announcement: Pick N Pay
08/02/201213:24SCIB - The Standard Bank of South Africa Limited - Issue of stock warrants
08/02/201213:00 Vodacom Group Limited - Vodacom Group Limited trading statement for the
08/02/201212:41KIONNA - Nedbank Limited - SENS announcement expiry of share instalments
08/02/201212:34 Vunani Limited - Results of General Meeting
08/02/201212:18BIABL - African Bank Limited - Interest Rate Reset Announcement
08/02/201211:45 Calgro M3 Holdings Limited - Transfer to the Main Board
08/02/201211:44BIIVU - iVuzi Investments Limited - Full Capital Redemption
08/02/201211:44 Awethu Breweries Limited - Results of the Annual General Meeting
08/02/201211:24 York Timber Holdings Limited - Results of Annual General Meeting
08/02/201211:20 PBT Group Limited - Update on the acquisition by PBT
08/02/201211:15PWK/PIK - Pick n Pay Holdings / Pick n Pay Stores - Announcement: Pick n Pay
08/02/201210:52 Telkom SA Limited - Re-appointment of the Chairman of the Telkom Board
08/02/201210:35BILIHI - Investec - Declared dividend announcement on BHP Billiton Plc hot
08/02/201210:34BILIDJ - INVESTEC - Declared dividend announcement on BHP Billiton Plc enhanced
08/02/201210:16MAQ012 - MACQUARIE Securities South Africa (PTY) Limited - New Financial
08/02/201210:15MAQ011 - MACQUARIE Securities South Africa (PTY) LIMITED - New Financial
08/02/201209:35 Real Africa Holdings Limited - Further announcement regarding the offer to
08/02/201209:29ACL152 - Absa Bank Limited - New Financial Instrument Listing
08/02/201209:00 Sacoil Holdings Limited - Revised terms for Entry into OPL 281 Licence
08/02/201208:11 Sappi Limited - Results for the first quarter ended December 2011
08/02/201208:03STXRAFI - SATRIX RAFI 40 PORTFOLIO - Partial delisting of securities
08/02/201208:00 Sappi Limited - 1st Quarter results for the period ending December 2011
08/02/201208:00STX40 - Satrix 40 Portfolio - Partial Delisting of Satrix 40 Securities
08/02/201207:13 BHP Billiton Plc - Interim Results Presentation
08/02/201207:13 Old Mutual Plc - Old Mutual sells Dwight Asset Management to Goldman Sachs
08/02/201207:05 BHP Billiton Plc - Report for the half year ended 31 December 2011

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