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 The Sharenet Daily 
Tuesday, 03 June 2014 - 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)

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Seed Weekly - Starting Early

I was recently invited to speak at a corporate wellness day and one of the topics we discussed was how to secure a stable financial future from a young age. The most obvious point raised was that this doesn’t happen by itself or overnight and requires a long term disciplined approach. The second point we discussed was the benefit of starting early and the subsequent implication of investing from a later age.

To bring across the second point I resorted to a few graphs based on a fictional 30 year old person who has no investment assets and would like to be in a position to retire with (today’s equivalent of) R 30 000 a month at the age of 65. In order to reach this goal the person would need to have +- R 5.8m in discretionary assets at retirement in order to fund a ‘pension’ of R 30 000 per month, this amount is calculated by Seed’s Retirement Planning Tool that uses past returns to calculate possible future values of assets. It is important to note that the asset values are in real terms. In order to fund this liability of R 5.8m the person would realistically need to have investment assets of R 6.9m available. The next step is to find out how it would be possible to reach this target of R 6.9m in 35 years, the answer is simply to invest R 4 500 per month into a balanced portfolio of growth oriented assets and increasing this amount by inflation + 2% each year. To show how this paragraph above can very easily be plotted graphically refer to the below:

With such on long time to go before this person would retire we don’t assume to have one plan that can cover all eventualities, rather we would take the information at our disposal and put a plan in place that is to reviewed regularly.

The next and very important point we discussed was the issue of procrastination. To show the effects we went back to the previous person and asked what would happen if they waited 5 years before investing. If the goal of R 30 000 per month stays, the person would need to increase the contributions to R 6 000 per month with similar annual increases in order to reach a targeted asset base of +-R 6.5m. The same graph with the new assumptions is shown below:

At this point the discussion naturally went to the sometimes underestimated effect of compounding on your investment portfolio. The earlier you start investing the more likely it will be that compounding enhances the value of your portfolio. By taking the above 2 scenarios and plotting the cumulative investment values and growth on one graph it becomes very apparent that the earlier you start the more you stand to benefit.
The 1st graph is for the 30 year of and the second is for the 35 year old:

The orange portion of the graph is the growth achieved on the contributions and increases as the compounding effect becomes more pronounced over time. The orange part of the above graph is larger compared to the graph for the 35 year old investor.

At Seed we have a qualified team available for individual investment consultations whose aim it is to guide you through the process of setting financial goals and ensure that there is a plan in place to reach those goals. Based on the above analysis, and common knowledge, it pays not to procrastinate when beginning to save for retirement.

Kind regards,

Stefan Keeve

021 914 4966

Tue, 03 Jun 2014
Top News
South Africa's Association of Mineworkers and Construction Union (AMCU) is considering a government proposal to resolve a five-month platinum strike and will table it to its members this week, union president Joseph Mathunjwa said on Tuesday.  Full story

Local markets  Full story
Global equity markets slipped on Tuesday from record or multi-year highs, while euro zone inflation data gave the euro some respite on relief that price growth in the single currency zone had not slowed even further.  Full story
Syrians voted on Tuesday in an election expected to deliver an overwhelming victory for President Bashar al-Assad but which his opponents have dismissed as a charade in the midst of Syria's devastating civil war.  Full story
India's minister for rural development died on Tuesday after a road collision in New Delhi, depriving Prime Minister Narendra Modi of a key ally eight days after coming to office with a mandate to revitalise a stalled economy.  Full story
U.S. stocks edged lower on Tuesday, with the Dow and the S&P 500 receding from Monday's record closing levels as traders found few. . .  Full story
European shares slipped on Tuesday in thin volumes and some benchmark indexes retreated from multi-year highs as investors held back from chasing stocks higher. . .  Full story
Gold prices edged higher for the first time in six days on Tuesday as stock markets beat a retreat after a series of. . .  Full story
Britain's top share index edged lower in light trade on Tuesday, with most stocks falling in thin volumes ahead of the European Central. . .  Full story

U.S. stocks edged lower at the open on Tuesday after the S&P and Dow closed at a record high and ahead of data. . .  Full story
European shares dipped on Tuesday and the euro edged higher against the dollar after a fall in euro zone inflation cemented the case. . .  Full story
European stocks gave up some of their recent gains on Tuesday ahead of inflation and unemployment data from the euro zone and Thursday's. . .  Full story
Britain's top share index edged lower on Tuesday, away from 14-year highs, with investors awaiting euro zone inflation data and the European Central Bank's. . .  Full story
SA Business
Global mining and commodity trading company Glencore said it was cutting 124 jobs, or about 20 percent of the staff, at its Rosh Pinah zinc and lead mine in Namibia to control costs.. . .  Full story
South Africa's rand was still struggling against the dollar on Tuesday after falling to two month lows overnight, with the country's weak economic fundamentals denting investor appetite.. . .  Full story

French cement maker Lafarge will combine its South Africa business with publicly traded Nigerian unit Lafarge Wapco, listing its Africa interests together on. . .  Full story
Nearly 500 members of South Africa's Nation Union of Mineworkers have gone on strike at building firm Group Five for higher. . .  Full story
Gold steadied on Tuesday after a five-day losing streak but was still trading near its lowest level in four months as. . .  Full story
Investors pulled $4 billion from U.S. commodity exchange-traded products in the first five months of the year, extending last year's negative trend even. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0049936.54118.650.24%
JSE Top 4017:0044975.70123.130.27%
JSE Gold17:001386.2112.900.94%
JSE Financial17:0036709.06-71.79-0.20%
JSE Industrial17:0065875.97282.140.43%
JSE Indust 2517:0058318.66291.610.50%
JSE Resource17:0055944.5766.230.12%
DJ Futures18:3816710.00-18.00-0.11%
DJ Ind19:5816719.90-23.73-0.14%
SP 50019:581923.07-1.90-0.10%
FTSE 10017:356836.30-27.80-0.41%
All Ords08:385460.50-38.70-0.70%
NZSE 5007:465164.12-14.32-0.28%
NameTimeRPMove% Move
Gold $19:591244.51.950.08%
Gold R19:5913411.22127.210.96%
Gold R/kg19:5843096126270.61%
Silver $19:5918.7760.02900.15%
Platinum $19:591425.80-5.20-0.36%
Palladium $19:59836.107.100.86%
Brent Crude19:58108.62-.21-0.19%
Rand / Dollar19:5910.77570.09380.88%
Rand / Pound19:5518.01380.15040.84%
Rand / Euro19:5514.68050.15471.07%
Rand / NZD19:599.08120.05170.57%
Rand / AUD19:559.97080.09720.98%
Yen / Dollar19:59102.53900.15600.15%
Euro / Dollar19:590.7338-0.0017-0.23%
Dollar / Euro19:591.36280.00290.21%
Pound / Dollar19:550.5967-0.0002-0.03%

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 SYCR  259932114.09.%1621
2 CADIZ  116109.26.%67593
3 POYNTING  346257.58.%354760
4 TRUSTCO  15096.00.%4903313
5 HUGE  180105.88.%33620
6 TELKOM  40801904.88.%1877418
7 FINBOND  271114.23.%238386
8 DIAMONDCP  11643.57.%9641
9 AFROX  2090703.47.%190591
10 ANGLOPLAT  4731315573.40.%302489
11 ROLFES  403133.33.%41181
12 ASPEN  280338283.04.%1150455
13 MAS  2100602.94.%13630
14 SAPPI  38291092.93.%1162650
15 PPC  3268932.93.%829290
16 CLIENTELE  1800502.86.%57342
17 MAZOR  21552.38.%5800
18 SPANJRD  430102.38.%700
19 TORRE  27662.22.%473513
20 NORTHAM  4350902.11.%779013

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Major Moves Down
SharenameSaleMove% MoveVolume
1 ROCKWELL  300-30-9.09.%1994
2 METMAR  135-9-6.25.%25991
3 BASREAD  800-48-5.66.%88599
4 KAYDAV  170-10-5.56.%40000
5 INTEWASTE  133-7-5.00.%170202
6 CSG  220-11-4.76.%10844
7 PHUMELELA  2050-100-4.65.%1000
8 CURRO  2846-134-4.50.%72822
9 ARCMITTAL  3405-160-4.49.%460765
10 RANGOLD  440-20-4.35.%131500
11 BUILDMX  249-11-4.23.%109400
12 RAUBEX  2000-75-3.61.%239467
13 ADVHLTH  270-10-3.57.%553013
14 CLICKS  6130-221-3.48.%599431
15 ADVTECH  890-30-3.26.%380432
16 MASSMART  13259-441-3.22.%199324
17 KEATON   221-7-3.07.%72302
18 PALLINGHT  355-11-3.01.%176156
19 PSG  10056-294-2.84.%77457
20 CITYLDG  12492-340-2.65.%5288

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New Highs
SharenameSaleHighMove% MoveVolume
1 TELKOM  408041061904.88.%1877418
2 SAPPI  382938291092.93.%1162650
3 SASOL  613966140910911.81.%1262714
4 INTUPROP  57035703881.57.%902064
5 ASTRAL  11950122471501.27.%152757
6 HCI  16401170552011.24.%35470
7 SANLAM  60376058520.87.%3718655
8 MRPRICE  17057174851370.81.%742522
9 RICHEMONT  1118211199820.74.%2901275
10 TRANSCAP  61061420.33.%384016
11 OMNIA  23270237500.14578
12 SANTOVA  2112300.567898
13 REINET  25672625-46-1.76.%2055125

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New Lows
SharenameSaleLowMove% MoveVolume
1 RAUBEX  20001980-75-3.61.%239467
2 SYCR  2599221032114.09.%1621

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Index Summary
Index NameRPMove% Move
Top 4044,975.70123.130.27%
Mid Cap63,067.1778.150.12%
Small Cap54,068.77-183.11-0.34%
Resource 2055,944.5766.230.12%
Industrial 2558,318.66291.610.50%
Financial 1514,138.76-30.89-0.22%
Financial & Ind. 3061,980.13239.780.39%
All Share49,936.54118.650.24%
Oil & Gas 46,461.15825.611.81%
Mining 32,933.78-78.58-0.24%
Gold Mining1,386.2112.900.94%
Platinum Mining49.06.881.83%
GENERAL MINING9,576.31-58.76-0.61%
Oil & Gas Producers 24,981.30443.911.81%
Basic Materials 29,219.73-35.00-0.12%
Chemicals 24,297.59182.360.76%
Forestry & Paper 32,725.13455.691.41%
Industrial Metals 18,570.62-300.58-1.59%
Industrials 45,496.09-336.58-0.73%
General Industrials 142.67-1.27-0.88%
Consumer Goods 62,507.84459.830.74%
Automobiles & Parts 9,171.06-88.31-0.95%
Household Goods369.0810.39%
Health Care 81,009.26945.221.18%
Beverages 201.772.531.27%
Index NameRPMove% Move
Food Producers 74,249.69-329.54-0.44%
Personal Goods 1,116.828.190.74%
Consumer Services 11,614.7431.310.27%
General Retailers 62,612.10-953.70-1.50%
Travel & Leisure 5,818.52-51.25-0.87%
Media 260.063.781.47%
Support Services 2,852.31-5.44-0.19%
Telecommunications 10,736.4518.860.18%
Financials 36,709.06-71.79-0.20%
Banks 63,173.84-376.75-0.59%
Non-life Insurance 54,107.08-546.18-1.00%
Life Insurance 35,412.7681.870.23%
General Financial 3,692.64-15.91-0.43%
Technology 41,916.25181.060.43%
SHARIAH TOP40 4,195.3090.22%
FTSE/JSE SHARIAH ALL4,309.18100.22%
COAL MINING17,542.97-105-0.59%
FTSE JSE Fledgling 6,754.33-35-0.52%
FTSE/JSE Alt X 1,268.2350.42%
RESOURCE 30,592.32480.16%
DIVIDEND PLUS222.32-1-0.24%
FTSE/JSE RAFI 409,888.04170.17%
Capped Top 4023,838.54700.29%
Capped All Share25,294.46620.24%
JSE TABACO 8,183.8380.10%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
04/06/2014CROOKESMarch 2014 (Final)
04/06/2014STRATCORPFebruary 2014 (Final)
05/06/2014BRAITMarch 2014 (Final)
05/06/2014BRAIT PREFMarch 2014 (Final)
05/06/2014MIXTELMarch 2014 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
CADIZ02/06/1427/06/1407/07/14ZAR 0.0440
TFG PREF29/05/1412/09/1422/09/14ZAR 0.0650
BRAIT PREF29/05/1412/06/1423/06/14ZAR 4.4934
TRADEH29/05/1412/06/1423/06/14ZAR 0.0550
TFG29/05/1427/06/1407/07/14ZAR 2.9300
Ex Div**
Share NameDec-DateLDTPay-DateAmount
HOLDSPORT06/05/1430/05/1409/06/14ZAR 1.4500
LIFEHC13/05/1430/05/1409/06/14ZAR 0.6300
AECI 5.5%P16/05/1430/05/1413/06/14ZAR 0.4794
RAUBEX12/05/1430/05/1409/06/14ZAR 0.3500
AFRIMAT15/05/1430/05/1409/06/14ZAR 0.2800

Upcoming AGMs**
CodeCompany NameDateStatus
HWNHowden Africa Holdings Ltd.03/06/2014Confirmed
SLMSanlam Ltd.04/06/2014Confirmed
SLMASanlam Ltd.04/06/2014Confirmed
SLMP1Sanlam Ltd.04/06/2014Confirmed
SLMBSanlam Ltd.04/06/2014Confirmed

Stock Exchange News Service
03/06/201417:30ASTRAPAK LIMITED - Disclosure of significant holding of Regarding Capital Manage...
03/06/201417:30CROOKES BROTHERS LIMITED - Changes to the board
03/06/201417:25CROOKES BROTHERS LIMITED - Audited results and dividend declaration
03/06/201416:50ATTACQ LIMITED - Dealings in securities by associates of directors of the compan...
03/06/201416:48MORVEST BUSINESS GROUP LIMITED - Acquisition and Cautionary renewal
03/06/201416:45EXXARO RESOURCES LIMITED - Changes to the composition of the board and board com...
03/06/201416:30DIAMONDCORP PLC - Audited financial results for year ended 31 December 2013 and ...
03/06/201416:30PICK N PAY STORES LIMITED - Results of AGM
03/06/201416:30PICK N PAY HOLDINGS LIMITED - Results of AGM
03/06/201416:23POYNTING HOLDINGS LIMITED - Dealings in securities by directors, directors of a ...
03/06/201416:19AFRICAN DAWN CAPITAL LIMITED - Change to the board
03/06/201415:33SATRIX COLLECTIVE INVESTMENT SCHEME - STXRAF - Distribution and re-investment a...
03/06/201415:18RESILIENT PROPERTY INCOME FUND LTD - Dealings in securities by an associate of a...
03/06/201415:05AFROCENTRIC INVESTMENT CORP LIMITED - Dealings in securities
03/06/201415:00HOWDEN AFRICA HOLDINGS LIMITED - Result of Annual Geeral Meeting
03/06/201414:45TSOGO SUN HOLDINGS LIMITED - Change in Directorate
03/06/201414:45CAPITEC BANK LIMITED - Release of Annual Report
03/06/201414:40ADCORP HOLDINGS LIMITED - New Instrument Listing-ADCP07-08
03/06/201414:15OLD MUTUAL PLC - Public Opening Position Disclosure/Dealing Disclosure by a Pers...
03/06/201414:00OLD MUTUAL PLC - Public Opening Position Disclosure/Dealing Disclosure by a Pers...
03/06/201413:52CONSOLIDATED INFRASTRUCTURE GRP LTD - Dealings in securities by an associate of ...
03/06/201413:31SABMILLER PLC - Notification of transactions of directors, persons discharging m...
03/06/201413:31SABMILLER PLC - Notification of transactions of directors, persons discharging m...
03/06/201413:30SABMILLER PLC - Notification of transactions of directors, persons discharging m...
03/06/201413:30SABMILLER PLC - Executive Share Award Plan 2008
03/06/201413:15DISTRIB. AND WAREHOUSING NETWORK LD - Change to the board - new appointment
03/06/201413:00FAIRVEST PROPERTY HOLDINGS LIMITED - Appointment of new directors and resignatio...
03/06/201413:00ANGLO AMERICAN PLC - Anglo American appoints Philip Mitchell as Group Director ...
03/06/201412:00MONDI PLC - Mondi Group to acquire the industrial bags and kraft paper business ...
03/06/201411:45ANDULELA INVESTMENT HOLDINGS LTD - Trading statement
03/06/201411:40BETTABETA CIS - Distribution announcement - BBET40
03/06/201411:40BETTABETA CIS - Distribution announcement - BGREEN
03/06/201411:00SABMILLER PLC - TR-1: Notification of major interest in shares
03/06/201410:46MPACT LIMITED - Directors dealings sale of shares
03/06/201410:45STEFANUTTI STOCKS HOLDINGS LTD - Disclosure of acquisition of securities
03/06/201409:36VIVIDEND INCOME FUND LIMITED - Change In Function Of Directors
03/06/201409:30EDCON LIMITED - EDC01-Release of Annual Report
03/06/201409:05NEW GOLD ISSUER LIMITED - NGPLD-Additional Listing of NewGold Palladium Debentur...
03/06/201409:00CURRO HOLDINGS LIMITED - Voluntary announcement and notice: Curro Meridian Schoo...
03/06/201409:00PSG GROUP LIMITED - Launch Of Bookbuild Offering
03/06/201408:46W G WEARNE LIMITED - Recification of report in Business Day
03/06/201408:30GRAND PARADE INVESTMENTS LIMITED - Resignation of non-executive director
03/06/201408:00HYPROP INVESTMENTS LIMITED - Change to the company secretary
03/06/201407:30COMPAGNIE FINANCIERE RICHEMONT SA - Richemont annual report 2014 available on ri...
03/06/201407:05BRITISH AMERICAN TOBACCO PLC - Transaction in own shares

Click here for more SENS news