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 The Sharenet Daily 
Tuesday, 02 June 2015 - 20:00
 
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Top News
Markets
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 - 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
[IMAGE]
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

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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
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 story
Sepp 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 story
Myanmar'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
 
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

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
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

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
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 (˘Intu÷) and Canada Pension Plan Investment Board (˘CPPIB÷) ű through its wholly-owned subsidiary, CPP Investment Board Europe S.a. . .  Full story

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 companyĂs integrated annual report containing the audited annual financial statements for the year ended 28 February. . .  Full story
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)
NameTimeRPMove% Move
JSE Overall17:0052185.61111.730.21%
JSE Top 4017:0046377.77197.280.43%
JSE Gold17:001095.57-8.26-0.75%
JSE Financial17:0043501.03-214.35-0.49%
JSE Industrial17:0074331.16-19.01-0.03%
JSE Indust 2517:0066181.6466.410.10%
JSE Resource17:0042549.891030.632.48%
DJ Futures19:5818060.0037.000.21%
DJ Ind19:5818075.3434.970.19%
SP 50019:582116.434.700.22%
Nasdaq19:585095.5412.610.25%
FTSE 10017:296926.44-27.14-0.39%
DAX18:0811328.80-107.25-0.94%
CAC4018:085004.46-20.84-0.41%
Nikkei08:3420543.19-26.68-0.13%
Shanghai09:284910.5381.791.69%
Hang-Seng06:2827392.64-204.52-0.74%
All Ords08:475639.90-94.10-1.64%
NZSE 5007:485863.7418.790.32%
NameTimeRPMove% Move
Gold $19:591193.404.780.40%
Gold R19:5914556.01-6.29-0.04%
Gold R/kg19:58468250-4736-1.00%
Silver $19:5916.8050.07000.42%
Platinum $19:591112.1010.300.93%
Palladium $19:59767.78-4.22-0.55%
R18616:558.30.040.48%
R20416:557.58.040.53%
R20716:557.81.040.58%
Brent Crude19:5865.68.801.23%
USD / ZAR19:5912.1942-0.0518-0.42%
GBP / ZAR19:5518.71670.12540.67%
EUR/ ZAR19:5513.63440.24961.86%
NZD/ ZAR19:598.77000.06870.79%
AUD / ZAR19:559.50270.17451.87%
USD / JPY19:59123.9050-0.8500-0.68%
EUR / USD19:591.11790.02572.36%
GBP / USD19:591.53630.01651.08%

Click here for the Sharenet Spot Price page
The JSE Today

Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
02/06/201513323049412283,901,166R20,586,757,882318877512083
01/06/201511723070417240,337,432R16,173,693,539221960115443
29/05/201516520942416452,577,526R34,116,482,4293353252090993
28/05/201516219364419257,455,493R19,064,257,7112574452039761
27/05/201513222176429335,818,492R21,833,052,3953155142049459
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 AME  10200120013.33.%1585
2 INFRASORS  1251311.61.%119000
3 ROCKWELL  2202010.00.%180
4 BOWCALF  795709.66.%151455
5 Cognition  225199.22.%14120
6 ERIN  88006998.63.%4
7 IMPCB  840000400005.00.%65
8 ANGLO  196849234.92.%3717724
9 PIVOTAL  23901094.78.%108689
10 ASSORE  113504404.03.%189353
11 ARM   99913854.01.%346984
12 IMPLATS  62062113.52.%2040648
13 LONMIN  2650873.39.%1288314
14 EQUITES  1255413.38.%25
15 EQSTRA  387123.20.%466834
16 KUMBAIO  164005003.14.%778688
17 ATLATSA  16553.12.%5826
18 ANGLOPLAT  292507742.72.%439143
19 TRADEH  1950512.69.%107302
20 AQUARIUS  16042.56.%755026

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Major Moves Down
SharenameSaleMove% MoveVolume
1 MASONITE  3350-450-11.84.%80
2 ALARIS  200-25-11.11.%16250
3 TELEMASTR  133-8-5.67.%1750
4 BRIMST-N  1568-82-4.97.%8471
5 PSG  19451-949-4.65.%819043
6 ACCELERAT  660-30-4.35.%38
7 COMAIR  475-20-4.04.%265555
8 MPACT  3936-163-3.98.%145515
9 CURRO  3650-150-3.95.%97510
10 HUDACO  12500-501-3.85.%15031
11 ANCHOR  1085-43-3.81.%102799
12 INTEWASTE  128-5-3.76.%19732
13 PSG-KST  829-31-3.60.%72155
14 KAP  570-20-3.39.%3137440
15 DISTELL  15700-550-3.38.%53143
16 NVEST  200-7-3.38.%434370
17 INVICTA  7858-272-3.35.%16167
18 REDEFINE  1015-35-3.33.%15506760
19 NEPI  13550-442-3.16.%467507
20 AFRO-C  630-20-3.08.%376257

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New Highs
SharenameSaleHighMove% MoveVolume
1 AME  1020010200120013.33.%1585
2 ERIN  880088006998.63.%4
3 RESN  45545551.11.%284976

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New Lows
SharenameSaleLowMove% MoveVolume
1 NAMPAK  34253340-50-1.44.%2906576
2 AVENG  835823-10-1.18.%416117
3 TIGBRANDS  2790027547-200-0.71.%603996
4 LIFEHC  35863464200.56.%6130279
5 ARCMITTAL  15981540181.14.%368806
6 EXXARO  824178211441.78.%741391

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Index Summary
Index NameRPMove% Move
Top 4046,377.77197.280.43%
Industrial74,331.16-19.01-0.03%
Mid Cap70,532.39-652.80-0.92%
Small Cap60,159.73-379.97-0.63%
Resource 2042,549.891030.632.48%
Industrial 2566,181.6466.410.10%
Financial 1516,505.13-50.52-0.31%
Financial & Ind. 3070,911.4146.150.07%
All Share52,185.61111.730.21%
Oil & Gas 38,094.81846.552.27%
Mining 25,701.13595.642.37%
Gold Mining1,095.57-8.26-0.75%
Platinum Mining30.77.612.02%
GENERAL MINING7,667.66210.402.82%
Oil & Gas Producers 20,482.88455.182.27%
Basic Materials 24,034.71424.361.80%
Chemicals 22,462.10298.661.35%
Forestry & Paper 44,322.08-520.46-1.16%
Industrial Metals 9,240.25207.202.29%
Industrials 44,294.34-16.20-0.04%
General Industrials 154.66.390.25%
Consumer Goods 66,222.35-16.59-0.03%
Automobiles & Parts 8,109.03-156.24-1.89%
Household Goods511.83-4-0.82%
Health Care 9,625.40-90.61-0.93%
Beverages 221.64.970.44%
Index NameRPMove% Move
Food Producers 8,442.45-42.02-0.50%
Personal Goods 1,054.294.590.44%
Consumer Services 16,121.70-73.90-0.46%
General Retailers 81,423.718.650.01%
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 10,736.56116.461.10%
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 3,639.56521.45%
FTSE/JSE SHARIAH ALL3,867.66411.07%
COAL MINING10,418.071821.78%
FTSE JSE Fledgling 6,915.5930.05%
FTSE/JSE Alt X 1,332.93-11-0.85%
SA LISTED PROPERTY 605.79-1.11%
CAPPED PROPERTY 529.95-1.14%
RESOURCE 23,328.715412.37%
DIVIDEND PLUS225.6810.36%
FTSE/JSE RAFI 409,806.20800.82%
Capped Top 4024,748.211070.44%
Capped All Share26,469.49570.21%
JSE TABACO 8,421.50-142-1.66%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
TFGTHE FOSCHINI GROUP LTDHOLD01/06/2015
SPPTHE SPAR GROUP LTDBUY01/06/2015
ILVILLOVO SUGAR LIMITEDHOLD28/05/2015
TONTONGAAT HULETT LTDHOLD28/05/2015
REIREINET INVESTMENTS SCABUY28/05/2015
Results Expected**
ExpectedCompany NameFin. Date
03/06/2015ARCMITTALMarch 2015 (Q)
03/06/2015LABATFebruary 2015 (Final)
03/06/2015MITTALSAPMarch 2015 (Q)
03/06/2015REDEFINEFebruary 2015 (Interim)
03/06/2015SPANJAARDFebruary 2015 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
LIBHOLD1101/06/1519/06/1529/06/15ZAR 0.0550
CSG01/06/1519/06/1529/06/15ZAR 0.0448
BRAIT PREF01/06/1519/06/1529/06/15ZAR 4.7968
TRNSHEX01/06/1519/06/1529/06/15ZAR 0.1000
TRADEH29/05/1519/06/1529/06/15ZAR 0.0600
Ex Div**
Share NameDec-DateLDTPay-DateAmount
HOLDSPORT05/05/1529/05/1508/06/15ZAR 1.6500
HOMCHOICE12/05/1529/05/1508/06/15ZAR 1.6100
LIFEHC13/05/1529/05/1508/06/15ZAR 0.6800
OASIS04/05/1529/05/1508/06/15ZAR 0.5170
EQUITES13/05/1529/05/1508/06/15ZAR 0.4089

Upcoming AGMs**
CodeCompany NameDateStatus
PIKPick n Pay Stores Ltd.02/06/2015Unconfirmed
PWKPick n Pay Holdings Ltd.02/06/2015Unconfirmed
MASMasonite (Africa) Ltd.02/06/2015Confirmed
MASPMasonite (Africa) Ltd.02/06/2015Confirmed
MASBMasonite (Africa) Ltd.02/06/2015Confirmed

Stock Exchange News Service
DateTimeHeadline
02/06/201517:45FOUNTAINHEAD PROPERTY TRUST - Further cautionary announcement
02/06/201517:25PHUMELELA GAMING & LEISURE LIMITED - Dealings in securities by an associate of a...
02/06/201517:20HOWDEN AFRICA HOLDINGS LIMITED - Results of Annual General Meeting
02/06/201517:15SANTAM LIMITED - Appointment to the Board of Directors
02/06/201517:10EFFICIENT GROUP LIMITED - Dealing in securities by a director of a major subsidi...
02/06/201516:55THE FOSCHINI GROUP LIMITED - Director dealing in securities
02/06/201516:55HWANGE COLLIERY COMPANY LIMITED - Cautionary Statement
02/06/201516:54COAL OF AFRICA LIMITED - Successful Completion of Equity Raise
02/06/201516:45BOWLER METCALF LIMITED - Announcement of finalisation of disposal
02/06/201516:45ANGLO AMERICAN SA FINANCE LTD - Notification of Publication of 2014 Audited Annu...
02/06/201516:44BOWLER METCALF LIMITED - Initial trading statement
02/06/201516:35TONGAAT HULETT LIMITED - Dealing in Securities
02/06/201516:32MASONITE (AFRICA) LIMITED - Results of annual general meeting
02/06/201516:30CROOKES BROTHERS LIMITED - Provisional summary audited group results and dividen...
02/06/201516:30THE DB X-TRACKER COL INVEST SCHEME - Change in Constituents within db X-trackers...
02/06/201516:30THE DB X-TRACKER COL INVEST SCHEME - Change in Constituents within db X-trackers...
02/06/201516:22AQUARIUS PLATINUM LIMITED - Appendix 3Y - Change of Directors Interest Notice
02/06/201516:15OLD MUTUAL PLC - Public Opening Position Disclosure/Dealing Disclosure by a Pers...
02/06/201516:04TIGER BRANDS LIMITED - Dealings in securities
02/06/201516:00STENPROP LIMITED - Results of special general meeting
02/06/201515:55ATTACQ LIMITED - Dealings in securities by an associate of directors of Attacq
02/06/201515:55OLD MUTUAL PLC - Public Opening Position Disclosure/Dealing Disclosure by a Pers...
02/06/201515:30MONDI LIMITED - Notification of Major Interests in Shares
02/06/201515:30MR PRICE GROUP LIMITED - Purchase of shares by Share Trusts
02/06/201515:15DELTA PROPERTY FUND LIMITED - Dealing in securities by a director
02/06/201515:00ANSYS LIMITED - Designated Advisor dealings in securities
02/06/201514:50INDWA INVESTMENTS LIMITED - INA525 - New Instrument Listing
02/06/201514:45STEFANUTTI STOCKS HOLDINGS LTD - Dealings in Securities by Directors of the Comp...
02/06/201514:30INTU PROPERTIES PLC - Intu Properties Plc and Canada Pension Plan Investment Boa...
02/06/201514:15VUKILE PROPERTY FUND LIMITED - Dealings in securities by directors and by the co...
02/06/201513:55MR PRICE GROUP LIMITED - Summary of audited group results and final cash dividen...
02/06/201513:40HOMECHOICE HOLDINGS LIMITED - Availability of Annual Financial Statements - HCH0...
02/06/201513:35HARMONY GOLD MINING COMPANY LIMITED - Provides update on restructuring of its Do...
02/06/201513:30KIBO MINING PLC - KIBO Share option grant and share issue
02/06/201513:15INDWA INVESTMENTS LIMITED - INA538 - New Instrument Listing
02/06/201512:59DISTRIB. AND WAREHOUSING NETWORK LD - Changes to the board of directors
02/06/201512:49EQSTRA CORPORATION LIMITED - Retirement of Chief Executive Officer
02/06/201512:45OLD MUTUAL PLC - Public Opening Position Disclosure/Dealing Disclosure by a Pers...
02/06/201512:23ASTRAL FOODS LIMITED - Directors Dealings in Securities
02/06/201512:05OLD MUTUAL PLC - Form 8.3 Disclosure
02/06/201512:00SANTAM LIMITED - Results of Annual General Meeting
02/06/201511:30MURRAY & ROBERTS HOLDINGS LIMITED - Notice of acquisition of Murray & Roberts se...
02/06/201511:10GLENCORE PLC - GLN - Notification of transactions by connected person of Person ...
02/06/201511:10JSE LIMITED - GEN - General - Absa Bank Limited - Financial Instrument early red...
02/06/201511:05LIFE HEALTHCARE GROUP HOLDINGS LTD - Dealing in securities by a director
02/06/201511:00ATLANTIC LEAF PROPERTIES LIMITED - Placement of 27 629 738 new Atlantic Leaf sha...
02/06/201510:35LEWIS GROUP LIMITED - Dealings in Securities by Share Trust
02/06/201510:34MASSMART HOLDINGS LIMITED - Trading of Massmart ordinary shares on behalf of the...
02/06/201510:15DEUTSCHE BANK AG - Deutsche Bank AG - Termination of listing - TOPDWO
02/06/201510:15FIRSTRAND BANK LIMITED - FRS88 - Partial Capital Redemption
02/06/201510:15CALGRO M3 HOLDINGS LIMITED - No change statement
02/06/201510:00SACOIL HOLDINGS LIMITED - Unqualified Audit Report
02/06/201510:00RENERGEN LIMITED - Abridged Pre-listing Statement
02/06/201509:55INVESTEC BANK LIMITED - EXXIHD - breached barrier announcement
02/06/201509:55INDWA INVESTMENTS LIMITED - INA524 - Full Capital Redemption
02/06/201509:52AMALGAMATED ELECTRONIC CORP LTD - Update to the Disposal of PDS Group
02/06/201509:50FIRSTRAND BANK LIMITED - FRS36 - Partial Capital Redemption
02/06/201509:40FIRSTRAND BANK LIMITED - FRS119 and FRS136 - Listing of Tap Issue
02/06/201509:20NORTHAM PLATINUM LIMITED - Termination of the Northam American Depository Receip...
02/06/201509:05SABMILLER PLC - Directors Dealings in Shares
02/06/201509:00SABMILLER PLC - Directors Dealings in Shares
02/06/201508:51AFROCENTRIC INVESTMENT CORP LIMITED - Dealings in securities by a director of ma...
02/06/201508:23FERRUM CRESCENT LIMITED - Update re: admission of Placement Shares to trading on...
02/06/201508:11GOODERSON LEISURE CORPORATION LTD - Designated adviser dealing in securities
02/06/201508:00BRITISH AMERICAN TOBACCO PLC - Quebec tobacco class action judgements issued
02/06/201507:21DELTA PROPERTY FUND LIMITED - Announcement regarding the acquisition of letting ...

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