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 The Sharenet Daily 
Tuesday, 28 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)

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

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
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

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

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

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
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

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
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)
NameTimeRPMove% Move
JSE Overall17:0035767.70-129.00-0.36%
JSE Top 4017:0031521.84-128.00-0.40%
JSE Gold17:002299.14-102.00-4.28%
JSE Financial17:0027162.99-21.00-0.08%
JSE Industrial17:0042093.37-70.00-0.17%
JSE Indust 2517:0036027.87-54.00-0.15%
JSE Resource17:0047619.36-339.00-0.71%
DJ Futures19:4813105.00-51.00-0.39%
DJ Ind20:0013108.88-15.79-0.12%
SP 50020:001409.77-0.67-0.05%
FTSE 10017:355775.71-.89-0.02%
All Ords08:464387.0014.100.32%
NZSE 5007:483629.055.820.16%
NameTimeRPMove% Move
Gold $19:571666.292.180.13%
Gold R20:0014006.67-36.85-0.26%
Gold R/kg20:00450314-1955-0.43%
Silver $19:5830.8400.10800.35%
Platinum $19:581512.80-26.70-1.73%
Palladium $19:58633.90-14.70-2.27%
Brent Crude20:00113.441.191.06%
Rand / Dollar19:588.4059-0.0327-0.39%
Rand / Pound19:5513.2678-0.0272-0.20%
Rand / Euro19:5510.56260.01470.14%
Rand / NZD19:576.7618-0.0622-0.91%
Rand / AUD19:558.7243-0.0242-0.28%
Yen / Dollar19:5878.4640-0.3070-0.39%
Euro / Dollar19:550.7954-0.0045-0.56%
Dollar / Euro19:581.25650.00690.55%
Pound / Dollar19:550.6317-0.0013-0.21%

Click here for the Sharenet Spot Price page
The JSE Today

Trading Statistics
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 BAUBA  1955539.29.%9084
2 NEW CPA  1041314.29.%41686
3 IQUAD  326268.67.%5000
4 TASTE  288186.67.%22666
5 ADAPTIT  13086.56.%61154
6 INVPROP  17001006.25.%163417
7 JDGROUP  44042536.09.%837308
8 TREMATON  182105.81.%5000
9 SENTULA  18595.11.%59794
10 AFRIMAT  650304.84.%4020
11 CMH  1100504.76.%2250
12 HOSP-B  295134.61.%209758
13 TRUSTCO  11554.55.%41000
14 BELL  1950703.72.%18978
15 HUGE  14053.70.%6000
16 FAIRVEST  11543.60.%4440
17 ARB  475153.26.%41836
18 AFGRI  562173.12.%1743227
19 JASCO  17053.03.%12900
20 GROUP-5  2640732.84.%594663

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Major Moves Down
SharenameSaleMove% MoveVolume
1 AFROC-P  753-197-20.74.%100
2 AFOVR-N  1600-300-15.79.%500
3 DIGICOR  200-29-12.66.%73073
4 NICTUS  353-47-11.75.%21210
5 EASTPLATS  163-17-9.44.%161894
6 COAL  285-25-8.06.%678323
7 GBGOLD  181-15-7.65.%2087
8 NUWORLD  1850-150-7.50.%100
9 HARMONY  7560-590-7.24.%774983
10 SEARDEL  130-8-5.80.%363960
11 DRDGOLD  505-25-4.72.%1073991
12 ANGGOLD  26550-1296-4.65.%1376477
13 BASREAD  899-41-4.36.%255130
14 CBH  410-18-4.21.%102825
15 CROOKES  4600-200-4.17.%100
16 EXXARO  16500-666-3.88.%867466
17 ESORFRANK  132-5-3.65.%124700
18 NORTHAM  2650-100-3.64.%1599250
19 KEATON   258-9-3.37.%92182
20 JUBILEE  118-4-3.28.%46750

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New Highs
SharenameSaleHighMove% MoveVolume
1 AFRIMAT  650650304.84.%4020
2 WOOLIES  603561401302.20.%3106284
3 NETCARE  17681780211.20.%5296089
4 HYPROP  72007243660.93.%127098
5 SABMILLER  37131371313110.84.%895207
6 EOH  37303781130.35.%114929
7 JDG CONV  1022000102200020000.20.%710
8 MRPRICE  1344513600160.12.%376516
9 HOSP-A  148015000.21417
10 IMPERIAL  2071721849-133-0.64.%1065592

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New Lows
SharenameSaleLowMove% MoveVolume
1 DIGICOR  200200-29-12.66.%73073
2 COAL  285282-25-8.06.%678323
3 GBGOLD  181180-15-7.65.%2087
4 BASREAD  899870-41-4.36.%255130
5 ARM   1521015097-10-0.07.%347758
6 PRESCIENT  1351310.109024
7 ALTRON-P  220520890.91529
8 TRANSCAP  741720192.63.%54613

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Index Summary
Index NameRPMove% Move
Top 4031,521.00-128.00-0.40%
Mid Cap51,669.00-104.00-0.20%
Small Cap38,029.0057.000.15%
Resource 2047,619.00-339.00-0.71%
Industrial 2536,027.00-54.00-0.15%
Financial 1510,120.00-15.00-0.16%
Financial & Ind. 3039,360.00-65.00-0.17%
All Share35,767.00-129.00-0.36%
Oil & Gas 27,325.0028.000.10%
Mining 30,504.00-319.00-1.04%
Gold Mining2,299.00-102.00-4.28%
Platinum Mining49.00.001.08%
GENERAL MINING7,911.00-34.00-0.43%
Oil & Gas Producers 14,692.0015.000.10%
Basic Materials 26,142.00-274.00-1.04%
Chemicals 15,371.00-58.00-0.38%
Forestry & Paper 13,811.0035.000.26%
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 36,644.0092.000.25%
Automobiles & Parts 6,680.00-67.00-1.01%
Household Goods172.0010.89%
Health Care 49,349.00-291.00-0.59%
Index NameRPMove% Move
Food Producers 65,252.00-111.00-0.17%
Personal Goods 517.00-3.00-0.70%
Consumer Services 75,113.00185.000.25%
General Retailers 64,003.00583.000.92%
Travel & Leisure 4,217.00-1.00-0.04%
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 45,301.001148.002.60%
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 ALL3,199.00-25-0.79%
COAL MINING21,261.00-889-4.02%
FTSE JSE Fledgling 5,566.00-7-0.13%
FTSE/JSE Alt X 1,067.0000.05%
RESOURCE 26,253.00-229-0.87%
DIVIDEND PLUS198.000-0.29%
FTSE/JSE RAFI 407,301.00-25-0.34%
Capped Top 4016,634.00-70-0.42%
Capped All Share18,093.00-65-0.36%
JSE TABACO 5,623.00220.40%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
29/08/2012GROWPNTJune 2012 (Final)
29/08/2012ILIADJune 2012 (Interim)
29/08/2012ILIADAJune 2012 (Interim)
29/08/2012M-R-HLDJune 2012 (Final)
29/08/2012SANTAMJune 2012 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
ONELOGIX27/08/201214/09/201225/09/2012R 0.0450
JDGROUP27/08/201212/10/201222/10/2012R 1.3200
SUNINT27/08/201214/09/201225/09/2012R 1.5000
BIDVEST27/08/201214/09/201225/09/2012R 3.4200
ADVTECH24/08/201214/09/201225/09/2012R 0.1000
Ex Div**
Share NameDec-DateLDTPay-DateAmount
MTN GROUP08/08/201224/08/201203/09/2012R 3.2100
LIB-HOLD02/08/201224/08/201203/09/2012R 1.9200
RESILIENT07/08/201224/08/201203/09/2012R 1.2074
ZURICH SA01/08/201224/08/201203/09/2012R 1.0000
ANGLD06/08/201224/08/201214/09/2012R 1.0000

Upcoming AGMs**
CodeCompany NameDateStatus
ANSAnsys Ltd.28/08/2012Confirmed
ANPAnnuity Properties Ltd.29/08/2012Confirmed
MRPPMr Price Group Ltd.30/08/2012Confirmed
RDIRockwell Diamonds Inc30/08/2012Confirmed
TKGBTelkom SA Ltd.30/08/2012Unconfirmed

Stock Exchange News Service
28/08/201217:50LION LIMITED - Results of the Annual General Meeting, General Meeting and Update...
28/08/201217:16RAINBOW CHICKEN LIMITED - Independent reporting accountants' report on the Unaud...
28/08/201217:15RAINBOW CHICKEN LIMITED - Abridged Group audited results for the year ended 30 J...
28/08/201217:07KEATON ENERGY HOLDINGS LIMITED - Results of the annual general meeting
28/08/201216:55GOLD FIELDS LIMITED - Dealings in securities by director
28/08/201216:55GROUP LIMITED - Associate's Dealings in securities
28/08/201216:50AFRICAN BANK INVESTMENTS LIMITED - Disclosure of significant holdig of ABIL ordi...
28/08/201216:45Infrasors Holdings Limited - Renewal Of Cautionary
28/08/201216:35ST BUSINESS GROUP LIMITED - Repurchase of shares in Morvest and financial effect...
28/08/201216:06COUNTRY BIRD HOLDINGS LIMITED - Trading Statement
28/08/201216:00CONSOLIDATED INFRASTRUCTURE GRP LTD - Changes to the board of directors
28/08/201215:40RAUBEX GROUP LIMITED - No Change Statement and Notice of AGM
28/08/201215:30MUSTEK LIMITED - Abridged audited financial results for the year ended 30 June 2...
28/08/201215:30UITY PROPERTY INVESTMENTS LTD - Dearling in securities by a director
28/08/201215:21NET 1 UEPS TECHNOLOGIES INC - Net1: Court Rules SASSA Contract Valid and Will No...
28/08/201214:41ANNUITY PROPERTIES LTD - Proposed Acquisition of additional Properties and renew...
28/08/201214:35Capitec Bank Holdings Limited - Trading Statement
28/08/201214:20TRUSTCO GROUP HOLDINGS LIMITED - No change statement and notice of Annual Genera...
28/08/201214:17ON INVESTMENT HOLDINGS LIMITED - Dealing in Securities by a Director
28/08/201214:00Capital & Counties Properties Plc - Notification Of Major Interests In Shares
28/08/201214:00BRIMSTONE INVESTMENT CORPORATION LD - Disclosure of acquisition of securities
28/08/201213:45WESIZWE PLATINUM LIMITED - Resignation of director
28/08/201213:43Prefex Co Limited - Distribution Finalisation Announcement
28/08/201213:05BHP BILLITON PLC - Notification of major interest in shares
28/08/201212:50THE STANDARD BANK OF SA LTD - Interest Rate Announcement
28/08/201212:45THE STANDARD BANK OF SA LTD - Interest Rate Announcemnet
28/08/201212:44THE STANDARD BANK OF SA LTD - Interest Rate Announcement
28/08/201212:42ELEMATICS LIMITED - Dealings in securities by associates of directors
28/08/201212:42TRANSPACO LIMITED - Review Opinion
28/08/201212:16THE STANDARD BANK OF SA LTD - Interest Rate Announcement
28/08/201212:15PRESCIENT LIMITED - Dealings in securities by director
28/08/201212:09THE STANDARD BANK OF SA LTD - Interest Rate Announcement
28/08/201212:06THE STANDARD BANK OF SA LTD - Interest Rate Announcement
28/08/201211:51THE STANDARD BANK OF SA LTD - Interest Rate Announcement
28/08/201211:47GROWTHPOINT PROPERTIES LIMITED - New Financial Instrument Listing
28/08/201211:32THE STANDARD BANK OF SA LTD - Interest Rate Announcement
28/08/201211:30Pan African Resources Plc - Trading Statement
28/08/201211:25VODACOM GROUP LIMITED - New Financial Instrument Listing
28/08/201211:20BNP PARIBAS ARBITRAGE ISSUANCE B.V. - New Warrant Listing
28/08/201210:45Tradehold Limited - Directors Dealings In Securities By Executive Director
28/08/201210:45O RESOURCES LIMITED - Trading of Exxaro ordinary shares on behalf of The Exxaro ...
28/08/201210:42ILIAD AFRICA LIMITED - Unaudited Interim Results for the period ended 30 June 20...
28/08/201210:41ILIAD AFRICA LIMITED - CANCELLATION OF S321994 Unaudited Interim Results for the...
28/08/201210:32INVESTEC BANK LIMITED - New Postions on Expired HotEDS
28/08/201210:17GRAND PARADE INVESTMENTS LIMITED - Reviewed results for the year ended 30 June 2...
28/08/201210:09DIPULA INCOME FUND LTD - Acquisition of Absa call centre building, SAPS VIP Buil...
28/08/201210:01PROP INDEX TRACKER COL INV SCHEME - Lisitng of 200 000 additional PropTrax TEN s...
28/08/201210:00ILIAD AFRICA LIMITED - Unaudited Interim Results for the period ended 30 June 20...
28/08/201210:00PROP INDEX TRACKER COL INV SCHEME - Delisitng of 200 000 additional PropTrax SAP...
28/08/201209:55FIRSTRAND BANK LIMITED - Interest Rate Reset
28/08/201209:45RCS INVESTMENT HOLDINGS (PTY) LTD - Interest Rate Reset
28/08/201209:44REAL PEOPLE INV HOLD (PTY) LTD - Interest Rate Reset
28/08/201209:25BK ONE LIMITED - Announcement regarding the proposed acquisition by the Company
28/08/201208:44Astrapak Limited - No Change Statement And Notice Of Annual General Meeting
28/08/201208:00Drdgold Limited - Group Results For The Quarter And Year Ended 30 June 2012

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