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 The Sharenet Daily 
Tuesday, 15 July 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 - A Penny Saved is a Penny Earned

Seeing that July is national Savings Month it prompted me to re visit my personal finances just to access whether I am still on par with reaching my financial goals and specifically asking questions in the line of “Am I saving enough?”

As a nation, South Africans do not have a culture of saving and seeing that only 4% of South African households earn more than R 40 000 per month* one may argue that we live from hand to mouth and are just too poor to save.

I think the key here is to develop the habit of saving money automatically. When saving automatically you don’t spend time each month focusing on it and it becomes easier.

Below are some tips of my own that assist me to be disciplined in my approach to saving money:
• Have a plan and definite GOALS
Whether it is for retirement or something simple, like saving for travelling or your children’s education, it is important to have a goal to save towards. Add a Rand value to it and write it down and always refer back to it for motivation and reference.
• Start off by saving 10% of your monthly income
I recently read the famous book “The Richest Man in Babylon” by John S Clason (I highly recommend it) and his “First law of Gold” is that if you save one tenth of your earnings consistently you will have enough to provide you with income in the future. Saving anything more is obviously even more advantageous but 10% is a good starting point.
• Start early
The time value of money and compounded returns play a massive role here. A simple example in the graph below shows 5 different people each saving R 1 000 per month up to age 65. Returns assumed at 12% and also assuming no withdrawals during the period invested.

R 12m when saving for 40 years compared to just under R 1m when saving for 20 years speaks for itself. More notably and underlining the importance of starting early is the fact that by starting only 5 years earlier the 25 year old accumulates R 5.5m more than the 30 year old when both reach 65.
• Cutting down on spending / Penny Pinching
An easy way to increase saving is obviously to spend less. Assessing my bank statement at the end of a month and highlighting areas where I can improve in the next month helps with having extra money to save. Again I would challenge myself with goals and it can be as simple as to rather rent a movie and watching it at home compared to going out to the movies or playing one less round of golf per month.
• Guard from loss/invest smart
It is important to invest your savings in a product that beats inflation and doesn’t lose any capital over your investment period. There’s nothing worse than losing your hard earned savings by being invested in for example a money market fund which would not guarantee inflation beating returns. It is always wise to consult your financial advisor to make sure you invest your savings in an appropriate investment vehicle.

By sticking to the above basic tips I have developed the habit of saving on a constant basis and as long as I follow them my savings can only go in one direction – upwards.

Happy savings month,

Renier Hugo

021 914 4966

Interesting money saving tips here
* http://www.econ3x3.org/article/who-are-middle-class-south-africa-does-it-matter-policy

Tue, 15 Jul 2014
Top News
South Africa's rand eased against the dollar on Tuesday as prospects for an end to a strike in the metals sector dimmed, with employers withdrawing a final wage offer made to employees.  Full story

South African stocks rose for a third straight session on Tuesday, bringing record peaks back in sight, as expectations major central banks will keep monetary policy loose pushed emerging stocks to their highest since February 2013.  Full story
Israel resumed air strikes in the Gaza Strip on Tuesday after agreeing to an Egyptian-proposed ceasefire deal that failed to get Hamas militants to halt rocket attacks.  Full story
At least 20 people were killed and more than 120 were injured when a Moscow underground train derailed during the morning rush hour in one of the worst accidents on the Russian capital's subway system in years.  Full story
A car packed with explosives exploded on Tuesday as it sped through a crowded market in Afghanistan's eastern province of Paktika, killing at least 89 people, officials said, one of the most violent attacks in the country in a year.  Full story
European stocks fell on Tuesday as declining investor morale hit Germany's benchmark DAX equity index and worries over Portugal's Banco Espirito Santo weakened. . .  Full story
Britain's top shares lost ground on Tuesday after U.S. Federal Reserve Chair Janet Yellen voiced concern over valuations. Housebuilders were hit by growing expectations. . .  Full story
Gold fell below $1,300 an ounce to a four-week low on Tuesday, as the dollar rose and bullion investors focused on a U.S.. . .  Full story
U.S. stocks slipped on Tuesday, with riskier equities hit hardest after the U.S. Federal Reserve, in an unusual statement, singled out the valuation of. . .  Full story

Britain's top shares fell on Tuesday, held back by housebuilders on concern UK interest rates will soon rise, and big falls from Imperial. . .  Full story
U.S. stocks edged lower on Tuesday, pulling back from modest gains on weakness in small-cap and momentum names after U.S. Federal Reserve Chair. . .  Full story
Social media, biotechnology and small-cap names fell in morning trading on Tuesday, cutting gains in other equity indexes, after Federal Reserve chair Janet Yellen. . .  Full story
U.S. stocks opened higher on Tuesday, boosted after earnings from JPMorgan and Goldman Sachs, though investors were looking ahead to testimony from U.S. Federal. . .  Full story
SA Business
Hours before launching a joint development bank to challenge Western dominance over global finances, the BRICS emerging market nations on Tuesday had still not agreed on where the new lender. . .  Full story
South Africa's steel and engineering employers group said on Tuesday it had withdrawn a "final" wage offer made to the striking NUMSA union to end a two-week industrial action.. . .  Full story
The BRICS group of emerging market nations is confident a global trade reform pact will be implemented despite concerns by India over its food security, Brazil's trade minister said on Monday.. . .  Full story

Nigeria forecasts its economy will grow by at least 6.2 percent this year following a solid first-quarter performance, the statistics office said on Tuesday.. . .  Full story
. . .  Full story
The group of five BRICS emerging market countries is considering starting a joint infrastructure fund with initial capital of around $10 billion, a source. . .  Full story
South Africa may reconsider a new oil and gas law to ensure that investors can be make profits while securing a. . .  Full story

British engineering contractor Babcock is aiming for organic earnings growth of up to 10 percent, helped by recent contract wins and this year's acquisition of helicopter transport firm Avincis.. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0051735.29194.410.38%
JSE Top 4017:0046627.33193.670.42%
JSE Gold17:001534.66-14.09-0.91%
JSE Financial17:0037812.8317.620.05%
JSE Industrial17:0067666.71284.110.42%
JSE Indust 2517:0059866.80265.760.45%
JSE Resource17:0059397.34326.310.55%
DJ Futures19:3816990.009.000.05%
DJ Ind19:5817062.006.580.04%
SP 50019:581974.74-2.36-0.12%
FTSE 10017:356710.45-35.69-0.53%
All Ords08:415495.70-.100.00%
NZSE 5007:285115.40-12.46-0.24%
NameTimeRPMove% Move
Gold $19:581296.59-11.32-0.87%
Gold R19:5913858.91-102.02-0.73%
Gold R/kg19:58445455-2715-0.61%
Silver $19:5920.8170-.0840-0.40%
Platinum $19:591477.55-11.15-0.75%
Palladium $19:59866.80-1.50-0.17%
Brent Crude19:58105.74-.92-0.86%
Rand / Dollar19:5910.68750.01450.14%
Rand / Pound19:5518.29210.08470.47%
Rand / Euro19:5514.4985-0.0412-0.28%
Rand / NZD19:599.3692-0.0302-0.32%
Rand / AUD19:5510.0124-0.0181-0.18%
Yen / Dollar19:59101.67400.12600.12%
Euro / Dollar19:570.73700.00210.29%
Dollar / Euro19:581.3568-0.0053-0.39%
Pound / Dollar19:550.5829-0.0022-0.38%

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 BRIMSTON  1500755.26.%22400
2 DAWN  1180554.89.%34556
3 KEATON   281134.87.%249384
4 DCENTRIX  397174.47.%5400
5 ATLATSA  470204.44.%4181
6 TORRE  260104.00.%121756
7 MPACT  29751053.66.%204599
8 BRIMST-N  1500503.45.%32162
9 PUTPROP  775253.33.%4000
10 LIFEHC  44041323.09.%1819545
11 VALUE  545152.83.%22747
12 AFRO-C  445122.74.%78431
13 POYNTING  26372.73.%25070
14 ASPEN  295137772.70.%894710
15 NAMPAK  39601042.70.%3413160
16 CLOVER  1720452.69.%40848
17 ADCOCK  55201412.62.%4858591
18 MERAFE  12532.44.%113655
19 KAP  40192.30.%352435
20 CURRO  2660582.22.%107628

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Major Moves Down
SharenameSaleMove% MoveVolume
1 DELRAND  300-235-43.93.%1
2 VUNANI  177-35-18.92.%1007600
3 DELTA  400-34-7.83.%1700
4 JASCO  120-5-4.00.%81808
5 YORK  360-15-4.00.%3087
6 ZURICHSA  25000-1000-3.85.%225
7 MMG  1250-48-3.70.%9500
8 BOWCALF  800-30-3.61.%10000
9 WESIZWE  117-4-3.31.%60188
10 RBPLAT  6900-235-3.29.%305449
11 DRDGOLD  323-11-3.29.%530514
12 AVENG  2344-78-3.22.%937499
13 AMECOR  291-9-3.00.%3000
14 ELLIES   330-10-2.94.%560292
15 FAIRVEST  140-4-2.78.%115000
16 ASCEN_B  240-6-2.44.%423012
17 BEE-SASOL  45100-1100-2.38.%988
18 MAS  1900-45-2.31.%129153
19 AFRIMAT  1525-33-2.12.%60696
20 CARGO  2450-50-2.00.%7

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New Highs
SharenameSaleHighMove% MoveVolume
1 MEDCLIN  867486891712.01.%1566250
2 WOOLIES  836183731611.96.%2435838
3 BILLITON  36650371712230.61.%1359304
4 RMBH  53725421220.41.%750161
5 MRPRICE  1935019450750.39.%556695
6 EOH  94819643310.33.%155921
7 FIRSTRAND  41534188110.27.%7601263
8 TONGAAT  16290164000.601463

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New Lows
SharenameSaleLowMove% MoveVolume

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Index Summary
Index NameRPMove% Move
Top 4046,627.33193.670.42%
Mid Cap65,432.7797.900.15%
Small Cap54,426.09121.280.22%
Resource 2059,397.34326.310.55%
Industrial 2559,866.80265.760.45%
Financial 1514,605.3411.560.08%
Financial & Ind. 3063,680.19216.280.34%
All Share51,735.29194.410.38%
Oil & Gas 46,918.98127.130.27%
Mining 35,286.15207.070.59%
Gold Mining1,534.66-14.09-0.91%
Platinum Mining46.94-.33-0.70%
GENERAL MINING10,362.3895.190.93%
Oil & Gas Producers 25,227.4768.360.27%
Basic Materials 31,117.03173.220.56%
Chemicals 24,996.889.260.04%
Forestry & Paper 32,995.38178.330.54%
Industrial Metals 18,792.84-90.99-0.48%
Industrials 46,345.94329.070.72%
General Industrials 148.281.691.15%
Consumer Goods 63,027.1024.580.04%
Automobiles & Parts 8,752.13147.191.71%
Household Goods375.3910.37%
Health Care 85,560.011861.542.22%
Beverages 206.401.190.58%
Index NameRPMove% Move
Food Producers 79,580.05722.280.92%
Personal Goods 1,093.35-2.79-0.25%
Consumer Services 12,576.85118.320.95%
General Retailers 67,974.81460.160.68%
Travel & Leisure 5,709.87-25.88-0.45%
Media 287.543.691.30%
Support Services 2,874.0332.131.13%
Telecommunications 10,664.72-27.33-0.26%
Financials 37,812.8317.620.05%
Banks 66,120.92177.420.27%
Non-life Insurance 51,554.86127.610.25%
Life Insurance 36,143.4514.880.04%
General Financial 3,880.626.340.16%
Technology 45,109.85-12.21-0.03%
SHARIAH TOP40 4,374.83190.44%
FTSE/JSE SHARIAH ALL4,498.36190.42%
COAL MINING17,285.08-11-0.07%
FTSE JSE Fledgling 6,910.30330.48%
FTSE/JSE Alt X 1,231.31-6-0.44%
CAPPED PROPERTY 448.08-0.32%
RESOURCE 32,403.131710.53%
DIVIDEND PLUS226.9300.15%
FTSE/JSE RAFI 4010,234.32360.35%
Capped Top 4024,681.131010.41%
Capped All Share26,194.38980.38%
JSE TABACO 8,279.41-129-1.54%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
17/07/2014HWANGEDecember 2013 (Final)
17/07/2014HWANGE-ADecember 2013 (Final)
21/07/2014AMPLATSJune 2014 (Interim)
21/07/2014ANGLOPLATCCPJune 2014 (Interim)
22/07/2014ELLIESApril 2014 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
AMECOR01/07/1418/07/1428/07/14ZAR 0.0600
TRUSTCO30/06/1425/07/1422/08/14NAD 0.0275
ILRPREF130/06/1418/07/1428/07/14ZAR 12.5638
PRESCIENT30/06/1425/07/1404/08/14ZAR 0.0260
HUDACO27/06/1408/08/1418/08/14ZAR 1.5500
Ex Div**
Share NameDec-DateLDTPay-DateAmount
LEWIS28/05/1411/07/1421/07/14ZAR 3.0200
OMNIA24/06/1411/07/1421/07/14ZAR 2.9000
NETCARE19/05/1411/07/1421/07/14ZAR 0.3200
SAFARI27/06/1411/07/1421/07/14ZAR 0.2000
ACCPROP23/06/1411/07/1421/07/14ZAR 0.1377

Upcoming AGMs**
CodeCompany NameDateStatus
ILVIllovo Sugar Ltd.16/07/2014Confirmed
VODVodacom Group Ltd.17/07/2014Confirmed
VUNVunani Ltd.18/07/2014Confirmed
BK1PBK One Ltd.18/07/2014Unconfirmed
BK1OBK One Ltd.18/07/2014Unconfirmed

Stock Exchange News Service
15/07/201417:45ANGLO AMERICAN PLC - Anglo American Share Incentive Plan SIP
15/07/201417:10STEFANUTTI STOCKS HOLDINGS LTD - Changes to the Board
15/07/201417:00DATATEC LIMITED - Further issue of shares
15/07/201416:30INVESTEC PLC - Investec Ltd \ Investec Plc -Changes to the Boards
15/07/201416:25OLD MUTUAL PLC - Public Opening Position Disclosure/Dealing Disclosure by a Pers...
15/07/201416:15OLD MUTUAL PLC - Public Opening Position Disclosure/Dealing Disclosure by a Pers...
15/07/201416:00EASTERN PLATINUM LIMITED - News release: Eastern Platinum Limited announces effe...
15/07/201416:00INVESTEC PLC - Investec Ltd \ Investec Plc - Director's Dealings
15/07/201415:35TRENCOR LIMITED - Trencors Textainer aquires 7 600 TEU of managed containers
15/07/201415:00ZCI LIMITED - Withdrawal of cautionary announcement
15/07/201414:49TORRE INDUSTRIES LIMITED - Changes to the Sub-committees of the Board
15/07/201414:13HYPROP INVESTMENTS LIMITED - Results of debenture holders scheme meeting and sha...
15/07/201413:37BRITISH AMERICAN TOBACCO PLC - British American Tobacco to invest US$4.7 billion...
15/07/201413:35CONVERGENET HOLDINGS LIMITED - Disclosure of the acquisition and disposal of sec...
15/07/201412:45OLD MUTUAL PLC - Public Opening Position Disclosure/Dealing Disclosure by a Pers...
15/07/201412:35ANGLO AMERICAN SA FINANCE LTD - Interest Rate Reset Announcement
15/07/201412:34FIRSTRAND BANK LIMITED - FRX31-Listing of Tap Issue
15/07/201412:28FIRSTRAND BANK LIMITED - FRC207-8 Listing of New Instruments
15/07/201411:15INVESTEC AUSTRALIA PROPERTY FUND - Cautionary Announcement
15/07/201410:55INVESTEC PROPERTY FUND LIMITED - Investec Property Fund Limited New Financial In...
15/07/201410:40CURRO HOLDINGS LIMITED - Interest Rate Reset Announcement - COH002
15/07/201410:29EVRAZ HIGHVELD STEEL & VANADIUM LTD - Second Quarter ending 30 June 2014 Operati...
15/07/201409:45DELTA PROPERTY FUND LIMITED - Dealings in securities by directors and associates...
15/07/201409:45SEARDEL INVESTMENT CORPORATION LTD - Exercise of options by a director
15/07/201409:43COMMISSIONER STREET NO 7 (RF) LTD - Commissioner Street No.7 (RF) Limited-Intere...
15/07/201409:41Commissioner Street No. 5 Limited - Commissioner Street No.5 (RF) Limited-Intere...
15/07/201409:25COMMISSIONER STREET NO 4 LIMITED - Commissioner Street No.4 (RF) Limited-Interes...
15/07/201409:20ALERT STEEL HOLDINGS LIMITED - Resignation of Director
15/07/201408:23INGUZA INVESTMENTS (RF) LIMITED - ING263-New Instrument Listing
15/07/201408:00TSOGO SUN HOLDINGS LIMITED - Dealings in securities by directors, the group comp...
15/07/201407:05BRITISH AMERICAN TOBACCO PLC - Transaction in own shares
15/07/201407:05KEATON ENERGY HOLDINGS LIMITED - Quarterly production update

Click here for more SENS news