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 The Sharenet Daily 
Tuesday, 14 August 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)

Let?s Save More Tomorrow

I have a friend that is addicted to TED Talks, with the better ones always managing to find their way to my inbox. The most recent one that piqued my interest was a talk by Shlomo Benartza: Saving for tomorrow, http://www.ted.com/talks/shlomo_benartzi_saving_more_tomorrow.html. It caught my eye as he tackles a problem that most of us face. We convince ourselves that we will save more in the future but never actually get around to it.

Shlomo Benartzi uses behavioural economics to study how and why we plan well for the future (or fail to), and uses that to develop new programs to encourage saving for retirement. He identified three key reasons why people make the promise to save, but fail to follow through.

Present Biased

We all make promises to exercise more, eat healthier, and save more in the future but when the day comes we generally succumb to instant gratification. Self control is only a problem in the present. We would rather spend today than save for tomorrow.


We like to continue in our current state of motion. We don’t like to get bogged down with doing boring stuff like filling in paperwork or reading up on funds. We would rather keep procrastinating and placing the problems off until a future date.

Loss Aversion

People hate losing stuff. People experience savings as a loss of spending, and this is painful to the average person. It is painful to save now, because I will need to cut back on my spending today.

Shlomo looked at the three resistances that we have against saving money and tried to find a solution and to get people start saving. The solution he found was the program Save More Tomorrow™ or SMarT.

The program is based on four principles:

1. The investor is approached to increase their contribution well in advance of their pay increase. By agreeing to the increase of contribution well in advance the present bias is overcome as you are not affected by this in the near term.

2. Your contribution to the plan is increased beginning with the first pay cheque after a raise. With the increased contribution happening on your first increased pay cheque the loss effect is minimised as you haven’t yet got accustomed to new disposable income.

3. The contribution percentage increases annually until the maximum preset percentage. Keeping your current inertia, the investor doesn’t need to do anything and requires no effort.

4. The investor can opt out of the process at any stage. The investor is more agreeable to join the investment plan if they know that they will be able to opt out in the future and there is no lock up.

You can take a couple things from the SMarT plan when implementing your own savings plan either through your company pension scheme or private savings plan. One is to schedule increased contributions that coincide with your salary increase way in advance. Another suggestion is to make sure that your debit order for the savings goes off as soon as possible after your salary is paid to minimise the “loss” you suffer. Ultimately getting into good saving habits now will assist us in our future retirement.

Kind regards,

Gerbrandt Kruger

021 914 4966

Tue, 14 Aug 2012
Top News
Revenue for the interim period jumped to R2.9 billion (2011: R2.1 billion). Gross profit grew to R638.5 million (2011: R496.8 million), while profit for the period attributable to owners of Bell surged to R135.8 million (2011: R103.3 million). Furthermore, headline earnings per share rose to  Full story

South Africa's benchmark index hit a record close on Friday, rising 0.25 percent as Gold Fields and other bullion producers were helped by dim Chinese data and fading hopes that Europe will take resolute action on its economy.  Full story
President Bashar al-Assad controls less than a third of Syria and his power is crumbling, his former prime minister said on Tuesday, in his first public appearance since he defected to the opposition this month.  Full story
Gold prices fell about 0.5 percent on Tuesday as healthy U.S. retail sales data prompted bullion investors to scale back their bets based. . .  Full story
European shares advanced on Tuesday, in a broad-based rally, as tepid growth figures from Europe led investors to focus on expectations for fresh. . .  Full story
World stocks and oil prices rose on Tuesday, as stronger-than-expected U.S. retail sales data supported risk appetite while tepid growth figures in Europe underpinned. . .  Full story
Wall Street advanced on Tuesday after retail sales data suggested consumer spending may lift economic growth and Home Depot raised its profit forecast, saying. . .  Full story

Strength in risk-sensitive energy and financial stocks hauled Britain's leading share index higher on Tuesday, as investors continued to focus on hopes for. . .  Full story
U.S. stocks rose on Tuesday after stronger-than-expected retail sales data suggested a return of consumer spending could spur economic growth and helped alleviate investors'. . .  Full story
U.S. stock index futures added to gains on Tuesday after U.S retail sales rose in July for the first time in four months. . .  Full story
Hong Kong shares produced their first gain in three sessions on Tuesday, powered by a strong showing by China Mobile and other defensive. . .  Full story

The world's no. 3 platinum producer Lonmin shut its South African mining operations and its shares tumbled on Tuesday after violence caused by a feud between rival unions killed at least. . .  Full story
South Africa's rand firmed against the dollar on Tuesday, with investors betting that continued weakness in global growth will lead to co-ordinated monetary stimulus from central banks, which would boost emerging. . .  Full story
Russia's largest steelmaker Evraz said on Tuesday it has resumed operations of its steel and vanadium asset in South Africa, following a shutdown caused by a strike last month.. . .  Full story
Company News
Accordingly, a review of the financial results for the year ended 30 June 2012 by management has indicated that the earnings. . .  Full story
Shareholders are advised that Santam expects its earnings as well as headline earnings per share for the six months ended 30. . .  Full story
Shareholders were advised that at the annual general meeting of Ansys that will be held at 10h00 on Tuesday 28 August. . .  Full story
Business Day reported that Bell says that they are ready for John Deere to let go of its stake in the. . .  Full story
Company Results
Revenue grew marginally to R8.78 billion (2011: R8.77 billion) and operating profit plunged from R331 million (2011: R606 million). Net atttributable. . .  Full story
Urone on 14 August 2012 reported quarterly revenue of CAD96.8 million for Q2 2012 based on sales of 1.9 million pounds. . .  Full story
Loss and attributable loss to equity holders for the company's first quarter was USD92 589. In addition, headline loss per share. . .  Full story
Revenue for the interim period fell to USD48.7 million (2011: USD62.6 million), operating loss skyrocketed to USD112 million (2011: loss of. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0035564.34147.000.42%
JSE Top 4017:0031340.64146.000.47%
JSE Gold17:002451.29-4.00-0.19%
JSE Financial17:0027297.37232.000.86%
JSE Industrial17:0041380.88195.000.48%
JSE Indust 2517:0035344.54184.000.52%
JSE Resource17:0047770.79-5.00-0.01%
DJ Futures19:3813145.00-27.00-0.20%
DJ Ind19:5813188.80-19.15-0.14%
SP 50019:521406.550.680.05%
FTSE 10010:245870.2438.360.66%
All Ords08:464317.407.900.18%
NZSE 5007:483608.8831.080.87%
NameTimeRPMove% Move
Gold $19:581600.17-9.55-0.59%
Gold R19:5713063.63-45.77-0.35%
Gold R/kg19:58419948-264-0.06%
Silver $19:5827.7720-.0430-0.15%
Platinum $19:581396.5014.001.01%
Palladium $19:58575.754.250.74%
Brent Crude19:58114.14.280.25%
Rand / Dollar19:588.16600.02200.27%
Rand / Pound19:5512.77570.03130.25%
Rand / Euro19:5510.06500.01630.16%
Rand / NZD19:576.5801-0.0105-0.16%
Rand / AUD19:558.5713-0.0017-0.02%
Yen / Dollar19:5878.75200.45600.58%
Euro / Dollar19:550.81070.00010.01%
Dollar / Euro19:581.2330-0.0001-0.01%
Pound / Dollar19:550.6371-0.0003-0.05%

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The JSE Today

Trading Statistics
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 RANGOLD  2806228.44.%13747
2 WILDRNESS  3505518.64.%1500
3 LONAFRIC  1101515.79.%8400
4 WINHOLD  115109.52.%42000
5 GROUP-5  24501657.22.%101913
6 SYNERGY-A  1030505.10.%5691
7 JUBILEE  12665.00.%159790
8 ELLIES   620254.20.%525770
9 TASTE  300103.45.%293299
10 COAL  361113.14.%394979
11 URONE  1850553.06.%22951
12 KAP  31092.99.%157909
13 VIVIDEND  515142.79.%17845
14 BELL  1950502.63.%11976
15 WBHO  127002431.95.%92394
16 TIGBRANDS  278825291.93.%751995
17 RMBH  3837721.91.%1113853
18 CLOVER  1375251.85.%221698
19 KUMBAIO  526559551.85.%294869
20 REMGRO  147012621.81.%1055304

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Major Moves Down
SharenameSaleMove% MoveVolume
1 VUNANI  120-40-25.00.%600
2 EXCELL  120-10-7.69.%505218
3 HULAMIN  399-26-6.12.%363482
4 S-OCEAN  165-10-5.71.%200
5 TRNSHEX  305-15-4.69.%24893
6 EHSV  2100-100-4.55.%1
7 HUGE  120-5-4.00.%27600
8 COMAIR  120-5-4.00.%53680
9 LONMIN  9113-340-3.60.%1732944
10 TONGAAT  13501-499-3.56.%98189
11 DAWN  655-20-2.96.%31120
12 ATLATSA  131-4-2.96.%1271
13 A-V-I  5668-172-2.95.%345875
14 AFOVR-N  1651-49-2.88.%1200
15 ALTRON  2320-65-2.73.%32123
16 VALUE  520-14-2.62.%154382
17 AQUARIUS  474-12-2.47.%243375
18 PNR-FOODS  5412-128-2.31.%25977
19 YORK  390-9-2.26.%106916
20 DELTA  634-14-2.16.%400

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New Highs
SharenameSaleHighMove% MoveVolume
1 REMGRO  14701147012621.81.%1055304
2 PIKWIK  20112017251.26.%618303
3 LIB-HOLD  94309520490.52.%432587
4 NETCARE  1739176540.23.%4500814
5 TRENCOR  5210539980.15.%179719
6 GRANPRADE  2852900.4276314
7 ITLTILE  6506850.8766
8 ROCKCASTL  960990-19-1.94.%1500
9 HUGE  120140-5-4.00.%27600

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New Lows
SharenameSaleLowMove% MoveVolume
1 VUNANI  120120-40-25.00.%600
2 HULAMIN  399355-26-6.12.%363482
3 ALTRON-P  2201211510.05.%478661

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Index Summary
Index NameRPMove% Move
Top 4031,340.00146.000.47%
Mid Cap51,529.0068.000.13%
Small Cap37,274.0077.000.21%
Resource 2047,770.00-5.00-0.01%
Industrial 2535,344.00184.000.52%
Financial 1510,220.00106.001.05%
Financial & Ind. 3038,908.00261.000.68%
All Share35,564.00147.000.42%
Oil & Gas 26,024.00124.000.48%
Mining 30,948.00-20.00-0.07%
Gold Mining2,451.00-4.00-0.19%
Platinum Mining48.00.00-0.35%
GENERAL MINING7,956.006.000.08%
Oil & Gas Producers 13,992.0066.000.48%
Basic Materials 26,469.003.000.01%
Chemicals 15,460.003.000.02%
Forestry & Paper 13,637.008.000.06%
Industrial Metals 27,968.00446.001.62%
Industrials 35,052.00357.001.03%
General Industrials
Consumer Goods 35,736.0043.000.12%
Automobiles & Parts 6,071.0016.000.26%
Household Goods163.0000.24%
Health Care 48,923.00-225.00-0.46%
Beverages 122.00.00-0.12%
Index NameRPMove% Move
Food Producers 64,465.00-338.00-0.52%
Personal Goods 507.004.000.89%
Consumer Services 72,977.00490.000.68%
General Retailers 63,727.00450.000.71%
Travel & Leisure 3,943.0041.001.06%
Support Services 2,
Telecommunications 74,502.00647.000.88%
Financials 27,297.00232.000.86%
Banks 50,785.00561.001.12%
Non-life Insurance 44,919.00-62.00-0.14%
Life Insurance 22,018.00222.001.02%
General Financial 2,475.008.000.35%
Technology 30,795.00-24.00-0.08%
SHARIAH TOP40 3,064.0090.32%
FTSE/JSE SHARIAH ALL3,192.0070.25%
COAL MINING23,336.00-409-1.73%
FTSE JSE Fledgling 5,567.00230.43%
FTSE/JSE Alt X 1,092.00100.99%
RESOURCE 26,390.0030.01%
DIVIDEND PLUS197.0010.86%
FTSE/JSE RAFI 407,277.00410.58%
Capped Top 4016,542.00790.48%
Capped All Share17,991.00740.42%
JSE TABACO 5,597.00250.45%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
15 Aug 2012CITYLDGJune 2012 (Final)
15 Aug 2012FIUUNITJune 2012 (Q)
15 Aug 2012GB LDJune 2012 (Interim)
15 Aug 2012GB LD OPTJune 2012 (Interim)
15 Aug 2012ITLTILEJune 2012 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
ARROWA12-08-0812-08-2412-09-03R 0.1500
ARROWB12-08-0812-08-2412-09-03R 0.1003
OLDMUTUAL12-08-0812-10-1912-11-30R 0.0175
MTN GROUP12-08-0812-08-2412-09-03R 3.2100
MONDILTD12-08-0712-08-1712-09-18R 0.0890
Ex Div**
Share NameDec-DateLDTPay-DateAmount
KUMBA12-07-2012-08-1012-08-20R 19.2000
HUDACO12-06-2912-08-1012-08-20R 1.5500
ADCORP12-05-2212-08-1012-08-20R 0.8000
BATS12-07-2512-08-1012-09-26R 0.4220
ANGLO12-07-2712-08-1012-09-13R 0.3200

Upcoming AGMs**
CodeCompany NameDateStatus
HSPHoldsport Ltd.14/08/2012Confirmed
IVTInvicta Holdings Ltd.14/08/2012Confirmed
KEHKeaton Energy Holdings Ltd.17/08/2012Confirmed
FGLFinbond Group Ltd.17/08/2012Confirmed
LEWLewis Group Ltd.17/08/2012Confirmed

Stock Exchange News Service
14/08/201217:50Basil Read Holdings Limited - Renewal Of Existing Cautionary Announcement
14/08/201217:44HOLDSPORT LIMITED - Result of annual general meeting
14/08/201217:37INVICTA HOLDINGS LIMITED - Results of annual general meeting
14/08/201217:24Psg Group Limited - Appointment Of Lead Independent Director
14/08/201217:16Imbalie Beauty Limited - No Change Statement And Notice Of Annual General Meetin...
14/08/201216:40OANDO PLC - Audited results for the full year ended 31 December 2011
14/08/201216:17African Eagle Resources Plc - Change Of Adviser
14/08/201216:14Foneworx Holdings Limited - Posting Of Circular And Notice Of General Meeting
14/08/201215:06Putprop Limited - Trading Statement
14/08/201215:06The Nitro Securitisation 4 Issuer Trust - Scheduled Maturity - Full Capital Rede...
14/08/201215:05The Nitro Securitisation 4 Issuer Trust - Interest Rate Reset
14/08/201215:01Atlatsa Resources Corporation - Atlatsa Announces Operational And Financial Resu...
14/08/201215:00Atlatsa Resources Corporation - Unaudited Condensed Consolidated Interim Financi...
14/08/201214:21ARROWHEAD PROPERTIES LIMITED - Appointment of independent non-executive directo...
14/08/201214:18Eastern Platinum Limited - News Release : Eastern Platinum Reports Results For ...
14/08/201212:59ITALTILE LIMITED - Italtile Results of General Meeting
14/08/201212:32SANTAM LIMITED - Trading Statement
14/08/201212:25TOYOTA FIN SERVICES (SA) PTY LTD - Interest Rate Reset
14/08/201212:24Ansys Limited - Record Date For Voting At The Annual General Meeting
14/08/201211:36CLICKS GROUP LIMITED - Disclosure of acquisition of securities
14/08/201210:48Wescoal Holdings Limited - Director Dealing In Securities
14/08/201210:48Lonmin Plc - Violence At Lonmin Operations
14/08/201210:17AFRICAN BANK LIMITED - Maturity - Full Capital Redemption
14/08/201209:34FIRSTRAND BANK LIMITED - Early Redemption - Full Capital Redemption
14/08/201209:30Anglogold Ashanti Limited - Anglogold Ashanti Announces Change In Company Secret...
14/08/201209:03ELLIES HOLDINGS LIMITED - Dealing in securities by a director, an associate of a...
14/08/201209:01RESILIENT PROPERTY INCOME FUND LTD - Listing of New Financial Instrument
14/08/201209:00Eskom Holdings Soc Limited - Tap Notice
14/08/201209:00Eskom Holdings Soc Limited - Tap Notice
14/08/201208:59JSE LIMITED - Early Redemption - Full Capital Redemption
14/08/201208:50British American Tobacco Plc - Transaction In Own Shares
14/08/201208:40SYNTHESIS FUNDING LIMITED - New Financial Instrument Listing
14/08/201208:30GROWTHPOINT PROPERTIES LIMITED - GRT02 Interest rate reset
14/08/201208:30JSE LIMITED - Headline Earnings per Share
14/08/201208:23INDWA INVESTMENTS LIMITED - Listing of Tap Issue
14/08/201208:00ASTLE GLOBAL REAL EST CO LTD - Abridged unaudited interim financial statements f...
14/08/201207:45URANIUM ONE INC - News Release

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