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Sharenet Terms & Conditions
- DEFINITIONS
In this agreement the following phrases have the following meanings:
1.1 “the/this agreement” means these terms and conditions;
1.2 “Sharenet” means the company Sharenet (Proprietary) Limited, registration number: 1999/005033/07
1.3 “JSE” means the JSE Limited, registration number: 2005/022939/06
1.4 “Member Associates” means any party, including but not limited to stock-brokers, with whom Sharenet has an agreement in terms of which:
1.4. 1 trades may be executed via such Member Associates and may include but is not limited to execution on a securities exchange, again including but not limited to the JSE, and/or
1.4.2 other services offered by such stock broker may be accessed via the Website;
1.5 “Subsidiary” means the term defined as such in section 1 (3) of the Companies Act No. 61 of 1973 of the Republic of South Africa;
1.6 “User” means that person who either:
1.6.1 contracts with Sharenet in terms of these terms and conditions with respect to the purchase of and/or subscription for and/or access to and/or use of a Web Based Product, and/or
1.6.2 any person using the Website who has accepted these terms and conditions;
1.7 “Username” means any username and/or password which Sharenet supplies to a User to enable the User to make use of the Web Based Product which that User in question has bought; subscribed for; uses and/or enrolled for;
1.8 “Web Based Product” means any product or service offered to the general public by Sharenet and/or by Sharenet for and on behalf of, or in conjunction with, any other entity, for use and/or subscription and/or sale and/or enrolment, via the Website. In this respect it is recorded that some of the Web Based Products are utilized via the Website while other of the Web Based Products are utilized separately from the Website;
1.9 “Website” means the website www.sharenet.co.za, or any other domain registered, owned and used by Sharenet which contains these terms and conditions as terms and conditions which must be accepted for the purpose of making use of such site and/or for the purpose of otherwise contracting with Sharenet.
2. USE AT OWN RISK AND DISCLAIMERS
2.1 Sharenet and/or its Member Associates shall not be responsible and disclaims any liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered by the User or any third party as a result of or which may be attributable, directly or indirectly, to the use of or reliance on any information or service provided through the Website and the User indemnifies Sharenet and its Member Associates in respect of any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever, which may be suffered by the User or a third party as a result of or which may be attributable, directly or indirectly, to the User’s use of this Website, even if same is as a result of the negligent conduct of Sharenet and/or a Member Associate.
2.2 Sharenet does not make any representation that:
2.2.1 Information and/or materials on the Website are appropriate for use in any particular and/or all jurisdictions available on the world wide web, or
2.2.2 that transactions, securities, products, instruments or services offered on the Website are available and/or appropriate for sale or use in any particular and/or all jurisdictions, and/or by any particular and/or all investors and/or other potential clients.
2.3 Those who access the Website do so at their own initiative, and are therefore responsible for compliance with applicable local laws and regulations, and Sharenet shall have no liability for such compliance and the User indemnifies Sharenet accordingly.
2.4 While every effort is made to update the information provided on this Website on a regular basis, Sharenet does not make any representations or warranties, either express or implied, as to the accuracy, completeness or reliability of information contained in the Website and shall not be bound in any manner by the information contained in the Website.
2.5 Before making any decision to use, subscribe for, purchase or enroll with a Web Based Product, it is recommended to the User that the User contact Sharenet to confirm all information contained on these pages prior to placing reliance thereon.
2.6 No research, opinions, information or content contained in the Website shall be construed as advice and is offered for information purposes only.
2.7 Users must not make any investment related or other commercial decisions based on the research, opinions, information or content of the Website without first obtaining professional advice with respect thereto.
2.8 It is recorded that certain of the Web Based Products pertain to securities trading services executed via the Website through a Member Associate. In this respect Sharenet will use reasonable endeavours to transfer all share trade instructions received through the Website to its Member Associates, in a prompt and timely manner. However, neither Sharenet nor its Member Associate shall be responsible, and disclaims all liability for, any claims arising from the late or delayed attendance by Sharenet or its Member Associate to the user's instructions, it being agreed that such instructions are issued through the Website solely at the User's own risk.
2.9 External links in the Website may be provided for the User’s convenience, but they are beyond the control of Sharenet and no representation or warranty is made as to their content. Use or reliance on any external links provided is at the User’s own risk.
3. APPLICATIONS FOR TRADING SERVICES
3.1 All online trading services offered by Sharenet and/or its Member Associates are subject to the signature of the requisite application forms, mandates and other documentation relating thereto, as required by the Members Associates in question and are governed by the standard terms and conditions of the Member Associates in question, and neither Sharenet nor its Member Associates shall be bound in any manner until such requisite documentation has been signed by the User and accepted by the Member Associate. Member Associates reserve the right to reject in their discretion any application for the services contained on the Website.
4. CREDIT RISK ENQUIRIES
4.1 The user hereby acknowledges and agrees that a credit risk enquiry may be undertaken by either Sharenet or a Member Associate should the User apply to use, subscribe for, purchase or enroll with a Web Based Product.
4.2 Sharenet furthermore reserves the right to:
4.2.1 check the correctness of information supplied by the user when applying for a Web Based Product;
4.2.2 furnish to any credit bureau the details of the User’s failure to:
4.2.2.1 comply with any of these terms and conditions and/or
4.2.2.2 comply with any terms and conditions contained in the Website itself, and/or
4.2.2.3 comply with terms and conditions of a Member Associate with respect to the Web Based Product in question which the User has bought, subscribed for and/or enrolled with, as the case may be, though subject to the terms of prevailing law which regulates the furnishing of information to a credit bureau,. Furthermore, and subject to the said prevailing law, this disclosure may include a disclosure of information which the User disclosed to Sharenet with respect to its use of, purchase, of, subscription for and/or enrolment with a Web Based Product.
5. COPYRIGHT, TRADE MARKS AND LOGOS
5.1 Copyright in all material made available through the Website is either owned by Sharenet; Member Associates; the JSE or by third parties and is protected by both national and international intellectual property laws. Accordingly, any unauthorised copying, reproduction, retransmission, distribution, dissemination, sale, publication, broadcast or other circulation or exploitation of this material will constitute an infringement of that copyright.
5.2 The trademarks, logos and service marks displayed on the Website are the registered and/or unregistered trademarks of Sharenet or its Member Associates. Nothing contained on this website should be construed as granting any license or right to use any such trademarks, logos and service marks to User without the written permission of the owner of same.
5.3 Sharenet shall retain the copyright and intellectual property for any enhancements or software development it does on behalf of clients.
6.DISCONTINUATION OF WEBSITE FEATURES
6.1 Sharenet reserves the right at any time to change or discontinue without notice, any aspect or feature of the Website.
7.USERNAMES
7.1 A Username is valid for only one User and for use at one terminal at any one time and no part of the information may be distributed or disseminated to third parties in any way. Should any unauthorized distribution or dissemination take place, whether or not the User is aware of it, the User shall be liable to Sharenet for any loss whatsoever which Sharenet may suffer as a result thereof, including but not limited to lost revenue; claims for breach of contract against Sharenet and any fines or penalties imposed against Sharenet by any governmental authorities or by any contracting counter parties.
7.2 The User may not authorize or permit third persons to make use of their Username. In this respect, the User indemnifies Sharenet from any liability that may arise as a result of the User’s failure to comply with this condition.
7.3 Each user declares that when they subscribe for a product and each time they use the product they do so as a non-professional user and they must report their status to Sharenet as a professional user at the time if that is the case, or at any future time if their status changes. Users shall be liable for any and all fees incurred related to any misstatement of their status.
7.3.1 A user must meet and continue to meet all the criteria for a private user set out below to be construed as a non-professional user. A non-professional user is a user who:
7.3.1.1 is one of the following:
7.3.1.1 a natural person;
7.3.1.2 a company or close corporation incorporated and registered in accordance with the laws of the Republic of South Africa of which the shareholders or members are the natural person referred to in 7.3.1.1 above and/or such natural person's immediate family (ie the parents, grandparents, children, grandchildren and spouse of the natural person referred to in 7.3.1.1 above) and whose management and daily operations are under the control of such natural person and/or the natural person's immediate family; or
7.3.1.3 a trust registered with the Master of the High Court of any division of the High Court of South Africa the beneficiaries of which are the natural person referred to in 7.3.1.1 above and/or his immediate family; or
7.3.1.4 an unincorporated entity operating an investment club for natural and not juristic persons on a non-professional basis,
(each a "Qualifying Private User");
7.3.2 is not registered or required to be registered as, or qualified as, and does not act in any capacity (directly or indirectly) as, a securities trader, investment adviser or asset manager with any domestic or foreign financial exchange, regulatory authority, professional association or professional body recognised under any law;
7.3.3 does not use the Service, directly or indirectly, for any business or professional purposes whatsoever (i.e. uses the Service solely for purposes of managing the personal funds of the natural person referred to in 7.3.1.1 above and/or those of his or her immediate family and in circumstances in which the Qualifying Private User does not charge or receive a fee); and
7.3.4 does not distribute, publish or otherwise provide or make available any data from the Service to any third party in any manner whatsoever.
8. DELIVERY OF DATA MESSAGES
8.1 Sections 21 to 25 of the Electronic Communications and Transactions Act, No 25 of 2002 of the Republic of South Africa shall apply, save that the Section 26 shall not apply and it is agreed by both parties that acknowledgement of receipt of a data message shall be necessary to give legal effect to that message and the receipt shall not take the form of an automated response.
9. WEB BASED PRODUCT SUBSRIPTION SERVICES
9.1 Any withdrawals from a bank account/credit card by Sharenet for Web Based Products which are subscription services shall be treated as though they had been signed personally by the User in question and/or by whoever the User’s nominee bank account holder in question is.
9.2 The Sharenet trading online access fee allows the User to access live prices and other Sharenet services. It is charged monthly (discount for quarterly or annual payments) to bank accounts and takes effect from the online registration date.
9.3 Sharenet reserves the right to escalate subscription rates by giving 30 days notice by means of a message placed in a prominent position on the Website.
9.4 Where a Web Based Product utilized by a User involves functionality which allows for financial market price lookups, then Sharenet reserves the right to impose limits on the user if excessive price lookups are detected. What an excessive number of price lookups is shall be determined by Sharenet in its sole discretion and the limitations imposed by Sharenet shall likewise be in its sole discretion.
9.5 Annual subscriptions paid up front are not refundable in the event of the cancellation of the Web Based Product in question during the year subscribed for.
9.6 Sixty days written notice is required for cancellations where the subscription Web Based Product is of an indefinite duration and any subscriptions paid in advance for periods in advance of the notice period shall not be refundable.
9.7 Debit orders for subscription Web Based Products are run on the last working day of each month and are payable in advance.
9.8 Prorate amounts are charged for partial months calculated on the number of days left in the month.
10. DELIVERY TIME
10.1 Any products ordered from Sharenet shall be dispatched within a maximum of 14 days and any services ordered from Sharenet shall be activated within a maximum of 7 days after receiving all necessary details and payments.
11. REFUNDS
11.1 Sharenet will not grant any refunds for services, except in the case where a user has experienced material problems utilising the product and service and the issue was not able to be resolved after following procedures requested by Sharenet’s support department within a period of 14 days after first notifying Sharenet of the problem and Sharenet having requested the User to follow its recommended procedures. Such requests for refunds must be submitted in writing within 30 days of the problem being notified to Sharenet to qualify for a refund.
11.2 Section 44 of the Electronic Communications and Transactions Act, No 25 of 2002 of the Republic of South Africa makes provision for a 7 day cooling-off period with respect to certain Web Based Products and clients may give us written notice to this effect should they wish to make use of it.
11.3 Refunds will be paid on the 17th of each month and claims need to be lodged by the 14th.
12. JSE DISCLAIMER
12.1 The User is notified that much information provided by Sharenet is not sourced from the JSE, and furthermore some of it is calculated by Sharenet based on Information received from the JSE and other sources.
12.1.1 In respect of delayed JSE data the JSE provides ruling price,buyer,seller
12.1.2 In respect of delayed JSE time and sales data the JSE provides time, buy, sell, sale and volume
12.1.3 In respect of live JSE data the JSE provides ruling price, buyer, seller and full orders (from which Sharenet calculates market depth).
12.1.4 In respect of live JSE time and sales data the JSE provides time, buy, sell, sale and volume
12.1.5 In respect of closing JSE data the JSE provides open, high, low, close and volume information.
12.1.6 In respect to closing JSE data in download files the JSE provides open,high,low,close,volume,dy% and ey%
12.1.7 JSE SENS feeds are supplied by the JSE
12.1.8 Dividends and earnings (including dy,ey and pe ratios), directors dealings and financial information on companies are supplied by Profile Media
12.1.9 All other data is either derived, calculated by Sharenet or sourced elsewhere
12.1.10 In addition Sharenet provides data from a wide range of other sources including Unit Trust Information, Currencies, Metals. Only information in relation to JSE instruments is sourced from the JSE and they do not supply other data.
12.2 The following paragraph relates only to information supplied by the JSE:
12.2.1 Sharenet is a licensed JSE data vendor and is licensed by the JSE to publish the Information on a live or delayed basis. The JSE shall not be responsible for any error or omission in the Information. All copyright and database rights in the Information belong to the JSE. Re-distribution of the data comprising the Information is not permitted without the express prior written consent of the JSE. You agree to acquaint yourself with and comply with any restrictions or conditions imposed upon the use, access, or storage of the Information as may be required by the JSE or Sharenet including the condition that in certain circumstances you will be required to enter into a separate agreement with the JSE or Sharenet.
13. GENERAL
13.1 The clause headings in this agreement have been inserted for convenience only and will not be taken into consideration in its interpretation.
13.2 This agreement, together with the applicable terms and conditions contained in the Website which were accepted by the User as well as any application form completed by the User and accepted by Sharenet, constitutes the whole agreement between the parties with regard to the subject matter hereof and supersedes all prior verbal or written agreements or understandings or representations by or between the parties regarding the subject matter of this agreement, and the parties will not be entitled to rely, in any dispute regarding this agreement, on any terms, conditions or representations not expressly contained in this agreement.
13.3 In respect to this agreement, Sharenet reserves the right to update it, so as to adapt to the changing legal environment. The decision to act upon this right is at Sharenet’s sole discretion and where Sharenet chooses to do so, a message to this effect will be placed in a prominent position on the Website.
13.4 The validity, application and interpretation of this agreement will be governed by the laws of the Republic of South Africa. If any claim or dispute arises in relation to this agreement, the parties agree to submit to the exclusive jurisdiction of the South African courts, save that either party may, at its sole option prior to the commencement of litigation, refer such claim or dispute to arbitration in South Africa before a single arbitrator. The arbitrator shall be appointed on the application of either party to the Chairman of the South Africa Law Association. The arbitrator’s award shall be final and binding on both parties. The venue for such Arbitration shall be Cape Town. Furthermore, the parties agree that as a first measure, an application made to a South African court, will be confined to a court located in the Cape of Good Hope Provincial Division.
13.5 In this agreement, unless a contrary intention clearly appears:
13.5.1 words importing any one gender include the other two genders;
13.5.2 words importing the singular include the plural and vice versa; and
13.5.3 reference to natural persons include juristic persons (which includes trusts) and vice versa;
13.6 If any provision in clause 1 and/or 13 is a substantive provision conferring rights or imposing obligations on any party, then notwithstanding that such provision is contained in clause 1 and/or 13, effect shall be given thereto as if such provision were a substantive provision in the body of the agreement.
13.7 No agreement varying, adding to, deleting from, canceling or waiving any right in connection with this agreement and/or the applicable terms and conditions contained in the Website which were accepted by the User any/or any application form completed by the User and accepted by Sharenet shall be effective unless reduced to writing and signed by or on behalf of the parties or if clause 13.3 applies.
13.8 Each and every clause and sub-clause in this agreement shall be severable from the other clauses in this agreement and in the event of any clause or sub-clause being held invalid by any competent court for any reason same shall not affect the validity of the remaining clauses or sub-clauses.
13.9 The rule of interpretation which construes the interpretation of the agreement against the party who prepared it shall not be applicable.
13.10 Any reference to an enactment is to that enactment as at the date of signature hereof and as amended or re-enacted from time to time.
13.11 Where figures are referred to in numerals and in words, if there is any conflict between the two, the numerals shall prevail.
14. DOMICILIUM ADDRESS
14.1 The parties choose as their domicilium citandi et executandi for all purposes under this agreement, whether in respect of court process, notices or other documents or communications of whatsoever nature (including but not limited to the exercise of any option and/or right of first refusal set out in this agreement), the following addresses:
14.2 Sharenet At the physical address stipulated in the Website as being the physical address of Sharenet.
14.3 The User At such physical and/or postal address as the User supplies to Sharenet when making application for and/or when purchasing; subscribing for; using or enrolling for a Web Based Product.
14.4 Any notice or communications required or permitted to be given in terms of this agreement shall be valid and effective only if in writing but it shall be competent to give notice by telefax or by digitally signed emailed documentation.
14.5 Any party may by notice to any other party change the physical address chosen as its domicilium citandi et executandi vis-a-vis that party to another physical address or its telefax number: Provided that the change shall become effective vis-a-vis that addressee on the fifth working day from the deemed receipt of the notice by the addressee.
14.6 Any document:
14.6.1 sent by prepaid registered post in a correctly addressed envelope to any party at its domicilium citandi et executandi shall be deemed to have been received on the fourth working day after posting (unless the contrary is proved);
14.6.2 delivered by hand to a responsible person during ordinary business hours at its domicilium citandi et executandi shall be deemed to have been received on the day of delivery; or
14.6.3 sent by telefax to its chosen telefax number shall be deemed to have been received on the date of dispatch (unless the contrary is proved);
14.6.4 sent by email, to its chosen email address shall be deemed to have been received on the date of dispatch (unless the contrary is proved).
14.7 Notwithstanding anything to the contrary herein contained a written notice or communication actually received by a party shall be an adequate written notice or communication to it notwithstanding that it was not sent to or delivered at its chosen domicilium citandi et executandi.
15. BREACH
15.1 Should either party hereto be in breach of this agreement and should such party remain in breach 7 days after having received written notice from the other party (“the Aggrieved Party”) then the Aggrieved Party shall be entitled, without prejudice to any other remedy in law which such party may have, to terminate this agreement on written notice to the defaulting party.
15.2 A cancellation in terms of clause 15.1 above shall pertain to the contract between Sharenet and a User with respect to that and/or those Web Based Products to which the breach pertains.
15.3 Without prejudice to, and in addition to, clause
15.3.1 above, Sharenet shall be entitled, in its sole discretion, to immediately suspend a User’s use of a Web Based Product in the event of the User falling into default with respect to any payment due for the Web Based Product in question and to maintain such suspension until the User pays up all amounts due to Sharenet.
POWERSTOCKS RESEARCH SUBSCRIPTION TERMS AND CONDITIONS
I am aware that Excel 2007 is recommended as a minimum standard to read PowerStocks reports and run JSW, and that Excel 2010 (from Office 2010) is recommended for maximum benefit and performance.
I hereby understand and fully accept the following conditions as part of my PowerStocks Research subscription:
- Neither PowerStocks Research (PowerStocks) nor any of their employees are:
- a.Authorised financial services providers, representatives or intermediaries, or render financial services in respect of financial products as those terms are defined in the Financial Advisory and Intermediary Services Act, 2002 (“the FAIS Act”);
- b.Authorised users or stockbrokers, or render securities services in respect of securities as those terms are defined in the Securities Services Act, 2004 (“the SS Act”);
- PowerStocks Research and their employees do not warrant, represent or otherwise guarantee, expressly, impliedly or tacitly that the use of any product sold or service provided by them would result in any particular outcome, and especially profits or returns, such products and services merely serving as general guidance and the provision of data and information which I may, or may not use in the making of investments of any nature whatsoever, including but not limited to investments in or the purchase and/or sale of financial products as defined in the FAIS Act or securities as defined in the SS Act;
- Neither PowerStocks Research nor any of their employees (jointly or severally) shall be liable unto me or any third party for any damages or other loss I or any third party may suffer, be it direct, indirect, special, consequential or punitive as a result of my/the third party’s use of any product sold or service rendered by them, or the failure or unavailability at any time of such products and services, hereby admitting that any decision made by me or any third party to invest in any financial product or securities (as defined) shall be my/the third party’s own decision, and that any such investment is inherently risky and may result in loss or damages to me/the third party, hereby in any case waiving any such claim for damages or loss I may have or acquire against PowerStocks or any third party, and I fully understanding the nature and consequences of such waiver, and hereby indemnify and hold all parties harmless in relation to any such claim.
- Other than individual screen rankings and scores provided by PowerStocks’ various mechanical strategies, PowerStocks have, or offer, no views, good or bad, about any companies listed on the JSE. PowerStocks is restricted from providing these views and cannot offer advice on existing shares in my portfolio.
- PowerStocks’ automated stock screens filter shares based on various fundamental factors and serve as tools to shortlist candidate shares for further investigation. PowerStocks does not examine or seek out company prospects, management skill, pending lawsuits, internal fraud, financial manipulation or any other aspects that may affect the company’s share price. It is up to the individual investor to further inspect other aspects of shares to reduce their risks from these events.
- The information contained in within www.sharenet.co.za and www.powerstocks.co.za or any other web site domains featuring PowerStocks Research are not to be construed as advice in terms of the Financial Advisory and Intermediary Services Act of 2002. (Please consult your financial adviser should you require advice of a financial nature and/or intermediary services.)
- Investing on stock markets may expose me to risks and I may lose some or all of my capital. (Do not invest with money you cannot afford to lose. Never risk more than 5% of your investment capital on any one share trade. You are strongly advised to read our Investing Best Practices section available under resources and downloads in the member’s section should you be an inexperienced trader/investor.)
- Whilst long historical trends may statistically support certain assumptions about the future, remember that past performance is no guarantee of future returns. PowerStocks aim to provide me with strategies that statistically stack the odds in my favour and lower my risks, but I fully understand that risks cannot be eliminated entirely.
- There are many reasons why I may not be able to achieve similar returns to PowerStocks’ strategies and model portfolios, including, but not limited to, bid/ask spreads, commissions, liquidity of shares being bought or sold and favourable intra-day timing as well as my commission rate on trades.
- PowerStocks offer no guarantee to the accuracy of data and calculations used.
- I acknowledge that PowerStocks may own many of the JSE shares that come up on various lists in the strategies they cover, as PowerStocks use the strategies and research for their own investment purposes and confirm that I have been notified of this fact according to regulations.
- All information, graphs, formulas and metrics that appear on both www.sharenet.co.za and www.powerstocks.co.za are the property of PowerStocks and may not be copied, reproduced or published without express permission. All information published on these sites are subject to normal copyright laws. Please email research@powerstocks.co.za for permission to use any content published on this site.
- Passwords to access restricted or member sections are intended for my use only and I am not permitted to share passwords with friends and/or colleagues. I am aware that PowerStocks and its partners deploy IP address identification measures to prevent password sharing fraud. All reports have embedded HTML code tied back to my logon credentials to prevent unauthorised copying and forwarding of reports. If PowerStocks detect my password being used by multiple people, I acknowledge that my account will be terminated without a refund or recourse.
- If I sign up for a private investor membership I am not permitted to use or share the information provided by PowerStocks Research or its partners in the process of managing funds or investments on behalf of others or for offering investment advice to others. That is in violation of the contract. I understand that a professional subscription is needed for this.
- PowerStocks reserve the right to modify and/or improve any of their service offerings over time.
- Whilst PowerStocks provide email alerts for certain major categories of alerts, I accept that PowerStocks and its partners (including Sharenet) cannot be held liable or responsible for the timely arrival of these alerts or any other alert services.
- PowerStocks reserve the right to a maximum of 15 trading days a year where alerts may not be posted and/or provide stock screens on allotted dates, for the purposes of site maintenance and personal leave. I will be warned at least 5 days in advance of which days have been allotted where this may apply.
- Although stock screens, and other publications have allotted periodicity and set dates for publication, such periodicity and dates may change slightly on an ad-hoc basis to cater for leave, late data collection, and delays from information service providers etc.
- Whilst PowerStocks can give accepted best practice advice regarding asset allocation, diversification, portfolio construction and market timing methods PowerStocks cannot offer personalised advice on any of the above issues specific to my risk profile and financial condition. (Please seek this type of advice from a registered financial services provider.)
- PowerStocks rely on JSE data from several data providers and we outsource our website and other services to 3rd party providers. PowerStocks cannot be held accountable for delays to the service as a result of delays from these entities, nor can PowerStocks guarantee the accuracy of the data from said data service providers.
- PowerStocks reserve the right, with one month’s notice, to impose the going published tariff rate for the service. PowerStocks have no obligation to honour my lapsed contracts pricing. I fully understand that right of admission for membership is reserved. Past membership is neither a guarantee nor right for future membership to PowerStocks services.
- To protect PowerStocks’ intellectual capital, I hereby certify that I am not an employee, affiliate, agent nor a colleague of any of the directors or management of the following companies or their agents/affiliates: Stock Market College, ShareTrackin, Investors’ Choice, Fleet Street Publications, nor any company local or international that may be regarded as a competitor. If I subscribe to the above companies’ services I realise that providing them with information and methods we publish as part of my subscription is a violation of copyright and competition laws and exposes me to the possibility of criminal charges and/or pecuniary damages for said offences.
- I understand that should I wish to transfer or sell my membership to another entity even if the entity is a family member, that the entity would be required to agree to these terms and conditions, as well as be approved by PowerStocks to affect the transfer.
Stock Picks Challenge 2012 Terms and Conditions
The promoter is Sharenet.
Contestants may enter the competition and stand a chance to win:
Tier 1: Randomly awarded spot prizes (free investment seminar tickets and Sharenet subscriptions and even cash prizes awarded as many times and in as many units as the Promoter in their discretion chooses). To qualify, the contestant must have entered their picks for the given month.
Tier 2: Three great prizes awarded at the end of the year to the best performing entrants as per the final league table points tally.
1st Prize: Apple Ipad2 (16GB, WiFi & 3G) or similar at the promoter’s discretion.
2nd Prize: Kindle Fire (7" colour, WiFi) or similar at the promoter’s discretion.
3rd Prize: R1,000 Cash or similar at the promoter’s discretion.
- Contestants are limited to one entry per person and the contestant must have filled out the registration form honestly in order to qualify.
- The winner will be published on the Sharenet site and/or through MarketViews.
- Winning contestants must be prepared to satisfy the promoter that they are entitled to the prize by either providing a Valid ID book, Passport and/or Cell Phone SIM card if the promoter deems it to be necessary. If the winning contestants are not able to provide the required proof, the prize shall be forfeit and another draw will be conducted or in the case of the 2nd tier of prizes referred to above, the next best placed entrant the final league table points tally will be awarded the prize.
- If for any reason the winning contestants cannot be contacted the prize will be forfeit and another draw will be conducted or in the case of the 2nd tier of prizes referred to above, the next best placed entrant the final league table points tally will be awarded the prize. The process that will be followed is such: The winner will be contacted by the promoter on their contact number provided at registration. Failing to reach the respondent, an email will be sent, allowing 24 hours for the respondent to claim their prize before drawing again.
- The promoter’s decision is final.
- The promoter reserves the right to terminate this competition immediately and without notice for whatever reason.
- In the event of such a termination, all participants agree to waive any rights they may have had in terms of this competition and acknowledge that they do not possess a right of recourse against the promoter and its affiliated companies.
- The promoter and their associated companies, agents, partners and sponsors shall not be liable for any loss whatsoever arising from an entrant's participation in the competition.
- The winners may be required to attend a prize giving ceremony as well as be photographed and identified in any media in which the promoter and/or sponsor, at its discretion wish to appear in.
- Entry is open to any person, aged 18 years or over.
- In the event of any dispute arising from the competition, the promoter may, at their sole and absolute discretion, be able to nominate a 3rd independent party to adjudicate and decide upon any issues arising from such dispute. Such party's decision will be final and binding on all participants.
- The promoter will not be obliged to give reasons for their decisions.
- Sharenet can confirm that this promotion complies with section 54 of the Lotteries Act, 1997 and is open to all South African residents.
- The contestant gives permission to be contacted by the promoter in the event that the promoter wishes to offer any specials exclusively to the competition’s entrants.
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