Tuesday, 28 August 2012 - 20:00
Charts
Seven Cures for a Lean Purse In my view, one of the most important books on personal financial planning is The Richest Man in Babylon, written by George Clason.
In this book two friends, who both earn a good income and are highly skilled in their respective trades, decide to ask their childhood friend Arkhad the secrets on his vast wealth. Despite the fact that Arkhad was neither more intelligent nor harder working than they were and given the fact that he did not inherit any money Arkhad was the richest man in Babylon and they were struggling to make ends meet. In this book Arkhad gives the reader the seven cures for a lean purse.
1. Start by purse fattening
“For every ten coins placed in their purse, take out for use but nine.” Most people have a steady source of income and the first step to a fat wallet is paying yourself (i.e. saving) R1 for every R10 earned.
2. Control thy expenditure
“What each of us calls our necessary expenses will always grow to equal our income unless we protest to the contrary”. People often tend to confuse necessary expenses with their desires. If you look around you will see people with varying levels of income yet very few of them have money left at the end of the month. From the domestic worker earning R 2 000 per month to the business owner earing R 100 000 per month our expenses always seem to grow faster than our income.
3. Make thy gold multiply
Once you have started paying yourself every month, you need to ensure that that money is put to work earning a real return. It is also important that any income earned is also reinvested. The compounding effect of “interest on interest” is what generates wealth.
4. Guard thy treasure from loss
Invest only where the principle is safe and were it may be reclaimed if needed. Always consult with wise men. Arkhad told his friends that his first investment had been with the baker who was going to buy precious jewels; needless to say he lost his whole investment.
5. Make thy dwelling an investment
Own thy own home. Why pay off someone else’s bond when you can pay off your own dwelling?
6. Insure a future income
You need to ensure that your family is looked after if you die “too soon”. You also need to ensure that you have an income if you are unable to work (disability) and you need to ensure that you have an income if you die “too late” (retirement).
7. Increase thy ability to earn
By increasing your earning potential through studies and hard work you will make the provision of your needs a lot easier.
Whilst the advice that is given here may appear to be far too simple, the fact of the matter is that if you implemented this advice you may not be the “richest person in Durban, Cape Town, or Johannesburg”, but you will not have a “Lean Purse”. Personal financial planning is all about being disciplined enough to do the ‘basics’, as discussed above, right.
Kind regards,
Barry Hugo
www.seedinvestments.co.za
info@seedinvestments.co.za
021 914 4966
Tue, 28 Aug 2012
Top News
Gold rose on Friday as weak
U.S. consumer confidence boosted speculation of new stimulus
from the Federal Reserve, but some analysts warned of a possible
sell-off if the U.S. central bank does not commit to more
monetary easing.
Bullion climbed on a weak dollar as investors expected the
Fed may Full story
South African stocks erased record highs on Tuesday as gold miner Harmony slid over 7 percent on mounting concerns labour unrest in the platinum belt will spread to other sectors. Full story |
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Markets | U.S. stocks were little changed
in light trading on Tuesday as mixed data gave investors little
indication whether Federal Reserve Chairman Ben Bernanke. . . Full story | | European shares had their worst
one-day fall in five sessions on Tuesday as concerns over the
global economy and euro zone debt crisis,. . . Full story | | Britain's top share index ended
flat on Tuesday, with the market stagnating as expectations for
economic stimulus measures were countered by concerns over
global. . . Full story | | The euro rose against the U.S.
dollar o n T uesday on bets the European Central Bank would act
soon to tackle the. . . Full story |
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| U.S. stocks dipped at the open
on Tuesday as the latest data on the housing market failed to
clarify whether new economic stimulus. . . Full story | | European shares fell to fresh
session lows on Tuesday, as persistent worries over the global
economic slowdown and euro zone debt crisis weighed. . . Full story | | Europe's top shares lost ground
on Tuesday as economic growth concerns kept investors subdued
and reluctant to trade while waiting to learn more. . . Full story | | Hong Kong shares eked out a
first gain in three days on Tuesday, but the bourse turnover
neared 2012 lows as investors largely. . . Full story |
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| South Africa raised its 2012 maize crop forecast to 11.192 million tonnes from 10.836 million tonnes last month, the Crop Estimates. . . Full story | | South Africa's second-quarter economic growth quickened just slightly less than the market expected, boosted by a surprise jump in mining and. . . Full story | | South Africa is seeking a "peace accord" in its embattled platinum belt to have feuding unions lay down their weapons and. . . Full story | | South Africa's rand was trading near a one-month low against the dollar on Tuesday but could rally if second-quarter GDP figures. . . Full story |
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| South Africa's First National Bank (FNB) aims to appoint a new sharia board for its Islamic finance division by the end. . . Full story | | DRDGold, South Africa's fourth-largest gold producer, more than trebled its full-year earnings on Tuesday, as it benefitted from an overhaul of. . . Full story | | The rand fell to a one month low against the dollar on Monday weighed by labour problems in South Africa's platinum. . . Full story | | India's economy likely
remained in its deepest slump for nine years in the quarter
ending in June, but high inflation and polarized politics. . . Full story |
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Company News | Shareholders are advised that, at the annual general meeting of Keaton held at Silverwood Manor, 113 Mount Street, Bryanston, South Africa,. . . Full story | | In terms of a general authority granted to Morvest or any of its subsidiaries to repurchase its ordinary shares by a. . . Full story | | Shareholders were advised that the Trustco audited consolidated condensed Annual Financial Statements, together with the notice of annual general meeting will. . . Full story | | Shareholders were informed that Professor Wiseman Nkuhlu has resigned from his positions as independent non-executive director and Chairman of the Audit. . . Full story |
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| Shareholders are advised that the annual financial statements will be distributed to shareholders on or about the 28 August 2012 and contain no modifications to the reviewed results which were published on SENS on 24 April 2012.
Notice of the annual general meeting
Notice was given that the Astrapak annual general meeting of ordinary shareholders will be held at African Pride Melrose Arch Hotel on Friday 28 September 2012 at 09h00 to transact the business as stated in the annual gene. . . Full story |
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Company Results | Group revenue grew by 28% from R701.7 million to R895.3 million for then year. Operating profit increased 26% to R93.3 million.. . . Full story | | JD Group's results are only for a ten month period as they have changed their year-end to June each year, and. . . Full story | | Revenue for the year ended 30 June 2012 increased by 12.7% to R133.5 billion (2011: R118.5 billion). Operating profit jumped by. . . Full story | | Revenue grew 8% to R850.4 million (2011: R791.0 million). EBITDA declined by 12% to R126.6 million (2011: R143.3 million) and operating. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 35767.70 | -129.00 | -0.36% | JSE Top 40 | 17:00 | 31521.84 | -128.00 | -0.40% | JSE Gold | 17:00 | 2299.14 | -102.00 | -4.28% | JSE Financial | 17:00 | 27162.99 | -21.00 | -0.08% | JSE Industrial | 17:00 | 42093.37 | -70.00 | -0.17% | JSE Indust 25 | 17:00 | 36027.87 | -54.00 | -0.15% | JSE Resource | 17:00 | 47619.36 | -339.00 | -0.71% | DJ Futures | 19:48 | 13105.00 | -51.00 | -0.39% | DJ Ind | 20:00 | 13108.88 | -15.79 | -0.12% | SP 500 | 20:00 | 1409.77 | -0.67 | -0.05% | Nasdaq | 20:00 | 3076.55 | 3.36 | 0.11% | FTSE 100 | 17:35 | 5775.71 | -.89 | -0.02% | DAX | 18:08 | 7002.68 | 31.61 | 0.45% | CAC40 | 18:08 | 3431.55 | -31.28 | -0.90% | Nikkei | 08:10 | 9033.29 | -52.10 | -0.57% | Shanghai | 09:28 | 2073.15 | 17.45 | 0.85% | Hang-Seng | 10:28 | 19811.80 | 13.13 | 0.07% | All Ords | 08:46 | 4387.00 | 14.10 | 0.32% | NZSE 50 | 07:48 | 3629.05 | 5.82 | 0.16% |
| | Name | Time | RP | Move | % Move | Gold $ | 19:57 | 1666.29 | 2.18 | 0.13% | Gold R | 20:00 | 14006.67 | -36.85 | -0.26% | Gold R/kg | 20:00 | 450314 | -1955 | -0.43% | Silver $ | 19:58 | 30.8400 | .1080 | 0.35% | Platinum $ | 19:58 | 1512.80 | -26.70 | -1.73% | Palladium $ | 19:58 | 633.90 | -14.70 | -2.27% | R157 | 17:10 | 5.54 | -.02 | -0.36% | R204 | 17:10 | 6.34 | -.03 | -0.39% | Brent Crude | 20:00 | 113.44 | 1.19 | 1.06% | Rand / Dollar | 19:58 | 8.4059 | -0.0327 | -0.39% | Rand / Pound | 19:55 | 13.2678 | -0.0272 | -0.20% | Rand / Euro | 19:55 | 10.5626 | 0.0147 | 0.14% | Rand / NZD | 19:57 | 6.7618 | -0.0622 | -0.91% | Rand / AUD | 19:55 | 8.7243 | -0.0242 | -0.28% | Yen / Dollar | 19:58 | 78.4640 | -0.3070 | -0.39% | Euro / Dollar | 19:55 | 0.7954 | -0.0045 | -0.56% | Dollar / Euro | 19:58 | 1.2565 | 0.0069 | 0.55% | Pound / Dollar | 19:55 | 0.6317 | -0.0013 | -0.21% |
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Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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28/08/2012 | 177 | 181 | 74 | 432 | 181,964,476 | R9,430,401,198 | 91998 | 1397109 | 27/08/2012 | 208 | 146 | 81 | 435 | 117,833,561 | R4,848,582,841 | 55422 | 709488 | 24/08/2012 | 173 | 158 | 82 | 413 | 159,291,808 | R8,993,127,109 | 77593 | 1511215 | 23/08/2012 | 233 | 125 | 67 | 425 | 188,365,280 | R12,682,639,863 | 96640 | 1446527 | 22/08/2012 | 138 | 202 | 81 | 421 | 170,454,766 | R8,522,750,744 | 78615 | 1114638 |
* Includes all listed instruments on the JSE
Index Summary Index Name | RP | Move | % Move | Top 40 | 31,521.00 | -128.00 | -0.40% | Industrial | 42,093.00 | -70.00 | -0.17% | Mid Cap | 51,669.00 | -104.00 | -0.20% | Small Cap | 38,029.00 | 57.00 | 0.15% | Resource 20 | 47,619.00 | -339.00 | -0.71% | Industrial 25 | 36,027.00 | -54.00 | -0.15% | Financial 15 | 10,120.00 | -15.00 | -0.16% | Financial & Ind. 30 | 39,360.00 | -65.00 | -0.17% | All Share | 35,767.00 | -129.00 | -0.36% | Oil & Gas | 27,325.00 | 28.00 | 0.10% | Mining | 30,504.00 | -319.00 | -1.04% | Gold Mining | 2,299.00 | -102.00 | -4.28% | Platinum Mining | 49.00 | .00 | 1.08% | GENERAL MINING | 7,911.00 | -34.00 | -0.43% | Oil & Gas Producers | 14,692.00 | 15.00 | 0.10% | Basic Materials | 26,142.00 | -274.00 | -1.04% | Chemicals | 15,371.00 | -58.00 | -0.38% | Forestry & Paper | 13,811.00 | 35.00 | 0.26% | Industrial Metals | 28,217.00 | -646.00 | -2.24% | Industrials | 35,022.00 | -252.00 | -0.71% | General Industrials | 98.00 | .00 | -0.14% | Consumer Goods | 36,644.00 | 92.00 | 0.25% | Automobiles & Parts | 6,680.00 | -67.00 | -1.01% | Household Goods | 172.00 | 1 | 0.89% | Health Care | 49,349.00 | -291.00 | -0.59% | Beverages | 126.00 | 1.00 | 1.50% |
| | Index Name | RP | Move | % Move | Food Producers | 65,252.00 | -111.00 | -0.17% | Personal Goods | 517.00 | -3.00 | -0.70% | Consumer Services | 75,113.00 | 185.00 | 0.25% | General Retailers | 64,003.00 | 583.00 | 0.92% | Travel & Leisure | 4,217.00 | -1.00 | -0.04% | Media | 108.00 | 1.00 | 0.94% | Support Services | 2,088.00 | -2.00 | -0.10% | Telecommunications | 74,430.00 | -752.00 | -1.00% | Financials | 27,162.00 | -21.00 | -0.08% | Banks | 49,380.00 | -156.00 | -0.32% | Non-life Insurance | 45,301.00 | 1148.00 | 2.60% | Life Insurance | 22,251.00 | -18.00 | -0.08% | General Financial | 2,456.00 | -17.00 | -0.72% | Technology | 31,454.00 | -95.00 | -0.30% | SHARIAH TOP40 | 3,071.00 | -26 | -0.86% | FTSE/JSE SHARIAH ALL | 3,199.00 | -25 | -0.79% | COAL MINING | 21,261.00 | -889 | -4.02% | FTSE JSE Fledgling | 5,566.00 | -7 | -0.13% | FTSE/JSE Alt X | 1,067.00 | 0 | 0.05% | SA LISTED PROPERTY | 500.00 | | 0.76% | CAPPED PROPERTY | 397.00 | | 0.70% | RESOURCE | 26,253.00 | -229 | -0.87% | DIVIDEND PLUS | 198.00 | 0 | -0.29% | FTSE/JSE RAFI 40 | 7,301.00 | -25 | -0.34% | Capped Top 40 | 16,634.00 | -70 | -0.42% | Capped All Share | 18,093.00 | -65 | -0.36% | JSE TABACO | 5,623.00 | 22 | 0.40% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | BIL | BHP BILLITON PLC | BUY | 24/08/2012 | AGL | ANGLO AMERICAN PLC | BUY | 24/08/2012 | NED | NEDBANK GROUP LTD | HOLD | 24/08/2012 | MST | MUSTEK LIMITED | BUY | 23/08/2012 | IPL | IMPERIAL HOLDINGS LTD | HOLD | 23/08/2012 |
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Results Expected** Expected | Company Name | Fin. Date | 29/08/2012 | GROWPNT | June 2012 (Final) | 29/08/2012 | ILIAD | June 2012 (Interim) | 29/08/2012 | ILIADA | June 2012 (Interim) | 29/08/2012 | M-R-HLD | June 2012 (Final) | 29/08/2012 | SANTAM | June 2012 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | ONELOGIX | 27/08/2012 | 14/09/2012 | 25/09/2012 | R 0.0450 | JDGROUP | 27/08/2012 | 12/10/2012 | 22/10/2012 | R 1.3200 | SUNINT | 27/08/2012 | 14/09/2012 | 25/09/2012 | R 1.5000 | BIDVEST | 27/08/2012 | 14/09/2012 | 25/09/2012 | R 3.4200 | ADVTECH | 24/08/2012 | 14/09/2012 | 25/09/2012 | R 0.1000 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | MTN GROUP | 08/08/2012 | 24/08/2012 | 03/09/2012 | R 3.2100 | LIB-HOLD | 02/08/2012 | 24/08/2012 | 03/09/2012 | R 1.9200 | RESILIENT | 07/08/2012 | 24/08/2012 | 03/09/2012 | R 1.2074 | ZURICH SA | 01/08/2012 | 24/08/2012 | 03/09/2012 | R 1.0000 | ANGLD | 06/08/2012 | 24/08/2012 | 14/09/2012 | R 1.0000 |
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Upcoming AGMs** Code | Company Name | Date | Status | ANS | Ansys Ltd. | 28/08/2012 | Confirmed | ANP | Annuity Properties Ltd. | 29/08/2012 | Confirmed | MRPP | Mr Price Group Ltd. | 30/08/2012 | Confirmed | RDI | Rockwell Diamonds Inc | 30/08/2012 | Confirmed | TKGB | Telkom SA Ltd. | 30/08/2012 | Unconfirmed |
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