Tuesday, 02 June 2015 - 20:00
Charts
Seed Weekly - Global Wealth
From a purely financial perspective, the ultimate goal of all investors should be to become a rentier. With French origins, the definition of a rentier is “a person who lives on income from property or securities”.
As investment managers and advisors we look to assist clients to reach this goal of having ones accumulated investment assets deliver an adequate and inflation proofed income on which to live. With proper planning, a high degree of diligence and careful management it is definitely an attainable goal for many people.
But this is also put into perspective when looking at global statistics. There is a high degree of inequality in global wealth and the reality is that for the majority of the world’s population, their required income throughout their lifetime will come as a result of labour and not from income from accumulated savings.
Across the world there is an estimated global wealth of approximately $263 trillion according to the last Credit Suisse Global Wealth Databook. This is a detailed annual report on the distribution of global wealth across countries. Global wealth has increased dramatically from $117tn in 2000 to the estimated $263tn in 2014. It is estimated to grow to $369tn by 2019.
Their analysis extrapolates sample data across the major countries. The detailed data is summarised into a wealth pyramid below. This places adults into one of four wealth bands. Under $10 000, between $10 000 and $100 000, between $100 000 and $1m and then over $1m. The results are telling in the extent of how extreme the inequality is.
Global Wealth Pyramid
Source: Credit Suisse
According to Credit Suisse, in order to be among the wealthiest half in the world, one needs a net USD 3,650 in assets. But to be in the top ten percent of global wealth holders, a person needs at least USD 77,000 in assets. Taking it up to the next level, according to Credit Suisse in order to make it into the top 1%, a person needs a net wealth of $798 000.
Looking at it from another angle, half of the global population own less than 1% of total wealth. In contrast the top percentile own 48% of global assets. A 2014 report from Oxfam painted the picture that the richest 85 people in the world share a combined GBP1tn, as much as the poorest 3,5 billion of the world’s population.
Another web site where one can insert income or wealth details and get a view of your ranking in global terms is www.globalrichlist.com, which is sponsored by Care International. Insert your total wealth or annual income and get a good understanding of your ranking on the global scale of wealth.
These reports and statistics will put your financial position into context. For many it should also be the needed catalyst to commence a plan towards becoming financially free and for some it may trigger plans to look for ways to reduce wealth inequality.
Kind regards
Ian de Lange
Tel 021 914 4966
Fax 021 914 4912
Email info@seedinvestments.co.za
www.seedinvestments
Tue, 02 Jun 2015
Top News
South Africa's power utility Eskom said on Tuesday it had restarted a 900-megawatt unit at its Koeberg nuclear station after routine refuelling and maintenance. Full story
Local markets
At close of trade on Tuesday, the JSE All Share had edged up 0.21%, supported by 2.48% gains in resource shares. Full story |
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Rescuers searched on Tuesday for more than 400 people, many of them elderly Chinese tourists, missing after a cruise boat was hit by a freak tornado and capsized on the Yangtze River in what may become China's worst shipping disaster in nearly 70 years. Full storySepp Blatter resigned as FIFA president on Tuesday in the face of a U.S.-led corruption investigation that has plunged world football's governing body into the worst crisis in its history. Full storyMyanmar's navy is escorting a boat crammed with 727 stranded migrants to a "safe" location where officials will verify their identities before taking any further action, the country's information minister said on Tuesday. Full story |
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Markets | U.S. stocks dipped on Tuesday
while German bond yields rose as investors searched for clarity
over whether a high-level meeting on Greece's debt. . . Full story | | Gold edged higher on Tuesday in
response to losses in the dollar after disappointing U.S. data
and also as uncertainty persisted over whether. . . Full story | | Hong Kong stocks slipped on Tuesday, as
investors waited for fresh mainland policies to guide money into
the city's market and speculated on. . . Full story | | China stocks posted another day
of solid gains on Tuesday as investors, joining a renewed surge
in tech shares, shrugged off concerns over. . . Full story |
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| Australian shares fell the most
in four weeks on Tuesday as tumbling commodity prices and the
Reserve Bank of Australia's decision not to. . . Full story | | Japan's Nikkei share average
snapped a 12-day winning streak on Tuesday, with traders citing
profit-taking by hedge funds after the market's strong run-up.. . . Full story | | The U.S. dollar gained on
Monday after a round of economic data kept expectations alive
for an interest rate hike from the Federal. . . Full story | | Gold was little changed
on Monday, giving up gains as the dollar rallied after the
precious metal was initially buoyed by an unexpected. . . Full story |
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SA Business | South African bullion producer Harmony Gold said on Tuesday it aims to minimise redundancies at the loss-making Doornkop mine its is trying to revamp, after a union said 3,000 jobs could. . . Full story | | When Wal-Mart Stores Inc spent $2.4 billion on a stake in South Africa's Massmart five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in. . . Full story | | South Africa's rand was a touch stronger against the dollar early on Tuesday but was not expected to hold on to gains as uncertainty about the outcome of talks on a. . . Full story |
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| South Africa's fashion-value retailer Mr Price plans to open stores in Australia by year-end, the firm said on Tuesday, as sales growth in its home market lags its international operations.. . . Full story | | Coal trading platform globalCOAL will weigh changes to South Africa's Richard's Bay market this week after complaints about high bids for unusual tonnages.. . . Full story | | Ukraine's biggest private power
producer DTEK hopes to hammer out a deal with banks by October
to delay payment of most of its $3 billion in debt as it is
unable to service obligations. . . Full story |
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Company News | Shareholders are advised that at the AGM held today, 02 June 2015, all ordinary and special resolutions, as specified in the. . . Full story | | Shareholders are advised of the following change to the board of directors:
Appointment
Mr Clement Burns Booth has been appointed to the Santam. . . Full story | | Coal of Africa Ltd, the coal exploration and project development company operating in South Africa, and traded on the ASX, AIM. . . Full story | | Intu Properties plc (ôIntuö) and Canada Pension Plan Investment Board (ôCPPIBö) û through its wholly-owned subsidiary, CPP Investment Board Europe S.a. . . Full story |
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| Shareholders are advised that Mr Diederik J Fouche has been appointed as a non-executive director and Chairman of the board of. . . Full story | | Shareholders are advised that, after seven years as Chief Executive Officer (CEO), Mr Walter Hill has given notice to the board. . . Full story | | Santam shareholders are advised that at the annual general meeting of Santam held on 1 June all the ordinary and special. . . Full story | | Shareholders are advised that the companyÆs integrated annual report containing the audited annual financial statements for the year ended 28 February. . . Full story |
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Company Results | Sales revenue for the year increased to R939.7 million (2014: R695.7 million). Gross profit was higher at R150.8 million (2014: R42. . . Full story | | Group operating revenue lowered to R121.3 million (R138.6 million). Operating loss were R240.0 million (profit of R14.1 million). Total comprehensive loss. . . Full story | | Revenue for the year increased to R30.7 million (2014: R19.2 million). Operating profit jumped to R20.6 million (2014: R10.3 million), while. . . Full story | | Revenue came in higher at R1.3 billion (R1.1 billion). Gross profit rose to R234.8 million (R206.7 million), while operating profit was. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 52185.61 | 111.73 | 0.21% | JSE Top 40 | 17:00 | 46377.77 | 197.28 | 0.43% | JSE Gold | 17:00 | 1095.57 | -8.26 | -0.75% | JSE Financial | 17:00 | 43501.03 | -214.35 | -0.49% | JSE Industrial | 17:00 | 74331.16 | -19.01 | -0.03% | JSE Indust 25 | 17:00 | 66181.64 | 66.41 | 0.10% | JSE Resource | 17:00 | 42549.89 | 1030.63 | 2.48% | DJ Futures | 19:58 | 18060.00 | 37.00 | 0.21% | DJ Ind | 19:58 | 18075.34 | 34.97 | 0.19% | SP 500 | 19:58 | 2116.43 | 4.70 | 0.22% | Nasdaq | 19:58 | 5095.54 | 12.61 | 0.25% | FTSE 100 | 17:29 | 6926.44 | -27.14 | -0.39% | DAX | 18:08 | 11328.80 | -107.25 | -0.94% | CAC40 | 18:08 | 5004.46 | -20.84 | -0.41% | Nikkei | 08:34 | 20543.19 | -26.68 | -0.13% | Shanghai | 09:28 | 4910.53 | 81.79 | 1.69% | Hang-Seng | 06:28 | 27392.64 | -204.52 | -0.74% | All Ords | 08:47 | 5639.90 | -94.10 | -1.64% | NZSE 50 | 07:48 | 5863.74 | 18.79 | 0.32% |
| | Name | Time | RP | Move | % Move | Gold $ | 19:59 | 1193.40 | 4.78 | 0.40% | Gold R | 19:59 | 14556.01 | -6.29 | -0.04% | Gold R/kg | 19:58 | 468250 | -4736 | -1.00% | Silver $ | 19:59 | 16.8050 | .0700 | 0.42% | Platinum $ | 19:59 | 1112.10 | 10.30 | 0.93% | Palladium $ | 19:59 | 767.78 | -4.22 | -0.55% | R186 | 16:55 | 8.30 | .04 | 0.48% | R204 | 16:55 | 7.58 | .04 | 0.53% | R207 | 16:55 | 7.81 | .04 | 0.58% | Brent Crude | 19:58 | 65.68 | .80 | 1.23% | USD / ZAR | 19:59 | 12.1942 | -0.0518 | -0.42% | GBP / ZAR | 19:55 | 18.7167 | 0.1254 | 0.67% | EUR/ ZAR | 19:55 | 13.6344 | 0.2496 | 1.86% | NZD/ ZAR | 19:59 | 8.7700 | 0.0687 | 0.79% | AUD / ZAR | 19:55 | 9.5027 | 0.1745 | 1.87% | USD / JPY | 19:59 | 123.9050 | -0.8500 | -0.68% | EUR / USD | 19:59 | 1.1179 | 0.0257 | 2.36% | GBP / USD | 19:59 | 1.5363 | 0.0165 | 1.08% |
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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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02/06/2015 | 133 | 230 | 49 | 412 | 283,901,166 | R20,586,757,882 | 318877 | 512083 | 01/06/2015 | 117 | 230 | 70 | 417 | 240,337,432 | R16,173,693,539 | 221960 | 115443 | 29/05/2015 | 165 | 209 | 42 | 416 | 452,577,526 | R34,116,482,429 | 335325 | 2090993 | 28/05/2015 | 162 | 193 | 64 | 419 | 257,455,493 | R19,064,257,711 | 257445 | 2039761 | 27/05/2015 | 132 | 221 | 76 | 429 | 335,818,492 | R21,833,052,395 | 315514 | 2049459 |
* Includes all listed instruments on the JSE
Index Summary Index Name | RP | Move | % Move | Top 40 | 46,377.77 | 197.28 | 0.43% | Industrial | 74,331.16 | -19.01 | -0.03% | Mid Cap | 70,532.39 | -652.80 | -0.92% | Small Cap | 60,159.73 | -379.97 | -0.63% | Resource 20 | 42,549.89 | 1030.63 | 2.48% | Industrial 25 | 66,181.64 | 66.41 | 0.10% | Financial 15 | 16,505.13 | -50.52 | -0.31% | Financial & Ind. 30 | 70,911.41 | 46.15 | 0.07% | All Share | 52,185.61 | 111.73 | 0.21% | Oil & Gas | 38,094.81 | 846.55 | 2.27% | Mining | 25,701.13 | 595.64 | 2.37% | Gold Mining | 1,095.57 | -8.26 | -0.75% | Platinum Mining | 30.77 | .61 | 2.02% | GENERAL MINING | 7,667.66 | 210.40 | 2.82% | Oil & Gas Producers | 20,482.88 | 455.18 | 2.27% | Basic Materials | 24,034.71 | 424.36 | 1.80% | Chemicals | 22,462.10 | 298.66 | 1.35% | Forestry & Paper | 44,322.08 | -520.46 | -1.16% | Industrial Metals | 9,240.25 | 207.20 | 2.29% | Industrials | 44,294.34 | -16.20 | -0.04% | General Industrials | 154.66 | .39 | 0.25% | Consumer Goods | 66,222.35 | -16.59 | -0.03% | Automobiles & Parts | 8,109.03 | -156.24 | -1.89% | Household Goods | 511.83 | -4 | -0.82% | Health Care | 9,625.40 | -90.61 | -0.93% | Beverages | 221.64 | .97 | 0.44% |
| | Index Name | RP | Move | % Move | Food Producers | 8,442.45 | -42.02 | -0.50% | Personal Goods | 1,054.29 | 4.59 | 0.44% | Consumer Services | 16,121.70 | -73.90 | -0.46% | General Retailers | 81,423.71 | 8.65 | 0.01% | Travel & Leisure | 6,176.68 | -75.78 | -1.21% | Media | 396.05 | -1.64 | -0.41% | Support Services | 3,157.14 | -8.55 | -0.27% | Telecommunications | 10,736.56 | 116.46 | 1.10% | Financials | 43,501.03 | -214.35 | -0.49% | Banks | 77,449.45 | -54.99 | -0.07% | Non-life Insurance | 54,038.17 | -324.13 | -0.60% | Life Insurance | 40,848.20 | -217.11 | -0.53% | General Financial | 4,415.71 | -1.89 | -0.04% | Technology | 62,583.75 | -417.66 | -0.66% | SHARIAH TOP40 | 3,639.56 | 52 | 1.45% | FTSE/JSE SHARIAH ALL | 3,867.66 | 41 | 1.07% | COAL MINING | 10,418.07 | 182 | 1.78% | FTSE JSE Fledgling | 6,915.59 | 3 | 0.05% | FTSE/JSE Alt X | 1,332.93 | -11 | -0.85% | SA LISTED PROPERTY | 605.79 | | -1.11% | CAPPED PROPERTY | 529.95 | | -1.14% | RESOURCE | 23,328.71 | 541 | 2.37% | DIVIDEND PLUS | 225.68 | 1 | 0.36% | FTSE/JSE RAFI 40 | 9,806.20 | 80 | 0.82% | Capped Top 40 | 24,748.21 | 107 | 0.44% | Capped All Share | 26,469.49 | 57 | 0.21% | JSE TABACO | 8,421.50 | -142 | -1.66% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | TFG | THE FOSCHINI GROUP LTD | HOLD | 01/06/2015 | SPP | THE SPAR GROUP LTD | BUY | 01/06/2015 | ILV | ILLOVO SUGAR LIMITED | HOLD | 28/05/2015 | TON | TONGAAT HULETT LTD | HOLD | 28/05/2015 | REI | REINET INVESTMENTS SCA | BUY | 28/05/2015 |
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Results Expected** Expected | Company Name | Fin. Date | 03/06/2015 | ARCMITTAL | March 2015 (Q) | 03/06/2015 | LABAT | February 2015 (Final) | 03/06/2015 | MITTALSAP | March 2015 (Q) | 03/06/2015 | REDEFINE | February 2015 (Interim) | 03/06/2015 | SPANJAARD | February 2015 (Final) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | LIBHOLD11 | 01/06/15 | 19/06/15 | 29/06/15 | ZAR 0.0550 | CSG | 01/06/15 | 19/06/15 | 29/06/15 | ZAR 0.0448 | BRAIT PREF | 01/06/15 | 19/06/15 | 29/06/15 | ZAR 4.7968 | TRNSHEX | 01/06/15 | 19/06/15 | 29/06/15 | ZAR 0.1000 | TRADEH | 29/05/15 | 19/06/15 | 29/06/15 | ZAR 0.0600 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | HOLDSPORT | 05/05/15 | 29/05/15 | 08/06/15 | ZAR 1.6500 | HOMCHOICE | 12/05/15 | 29/05/15 | 08/06/15 | ZAR 1.6100 | LIFEHC | 13/05/15 | 29/05/15 | 08/06/15 | ZAR 0.6800 | OASIS | 04/05/15 | 29/05/15 | 08/06/15 | ZAR 0.5170 | EQUITES | 13/05/15 | 29/05/15 | 08/06/15 | ZAR 0.4089 |
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Upcoming AGMs** Code | Company Name | Date | Status | PIK | Pick n Pay Stores Ltd. | 02/06/2015 | Unconfirmed | PWK | Pick n Pay Holdings Ltd. | 02/06/2015 | Unconfirmed | MAS | Masonite (Africa) Ltd. | 02/06/2015 | Confirmed | MASP | Masonite (Africa) Ltd. | 02/06/2015 | Confirmed | MASB | Masonite (Africa) Ltd. | 02/06/2015 | Confirmed |
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