Podcasts about R33

An urban funeral can cost between R85 000 to R200 000, whereas a rural funeral can cost between R33 000 to R65 000. Lester Kiewit speaks to Unathi Saul, COO of Abaveleli Funeral Directors, to find out why there is such a big discrepancy.See omnystudio.com/listener for privacy information.

Matt Farah and Zack Klapman discuss the changes to the new Audi RS3 and how it performs on the road and track; give their take on driving the new high-powered Porsche Cayenne Turbo E-Hybrid (and why it confuses them); a real Tumbler Batmobile is available for $3,000,000, spurring us to discuss our favorite Batmobiles of all time; and what has happened - and will happen- to Chrysler? Patreon questions include:Why you should or shouldn't modify your high school dream carDo cheap cars come with Mag Ride?How did Chrysler go wrong?Can you make an E36 M3 "nice" inside?How to be a car person in NYCWhen to use a dash camIs an R34 Nissan GT-R worth it over an R32 or R33?What would we drive on the Isle of Man TT?And more! Recorded November 4, 2024 Use Off The Record! and ALWAYS fight your tickets! Enter code TSTPOD for a 10% discount on your first case on the Off The Record app, or go to https://www.offtherecord.com/TST Click on the DILLON banner, buy a pair of sunglasses, receive a FREE Smoking Tire t-shirt! https://thesmokingtire.com/partners-1 New merch! Grab a shirt or hoodie and support us! https://thesmokingtireshop.com/ https://www.noduswatches.com/design-lab-shop/p/canyon-by-matt-farah-night-sky Want your question answered? Want to watch the live stream, get ad-free podcasts, or exclusive podcasts? Join our Patreon: https://www.patreon.com/thesmokingtirepodcast Tweet at us!https://www.Twitter.com/thesmokingtirehttps://www.Twitter.com/zackklapman Instagram:https://www.Instagram.com/thesmokingtirehttps://www.Instagram.com/therealzackklapman  Want your question answered? Want to watch the live stream, get ad-free podcasts, or exclusive podcasts? Join our Patreon: https://www.patreon.com/thesmokingtirepodcast Use Off The Record! and ALWAYS fight your tickets! Enter code TST10 for a 10% discount on your first case on the Off The Record app, or go to http://www.offtherecord.com/TST. Watch our car reviews: https://www.youtube.com/thesmokingtire Tweet at us!https://www.Twitter.com/thesmokingtirehttps://www.Twitter.com/zackklapman Instagram:https://www.Instagram.com/thesmokingtirehttps://www.Instagram.com/therealzackklapman

Send us a textIn this episode we discuss 10 JDM car myths that almost everyone has heard. Does mud on your car make it more aerodynamic? Does your A/C use gas? Is the Skyline banned because its too fast? These and more on this weeks episode of the Right Hand Drive Guys Podcast.Socials @RHDGUYSMerch - HTTP://RHDGUYS.COM

Send us a Text Message.In this episode, we discuss the different shops in the USA that work on Nissan Skyline GTRs. Mostly good, a few bad. Listen along and learn where to take your skyline. Socials - @RHDGUYSHTTP://RHDGUYS.COM

Send us a Text Message.In this episode we layout the 3 major Konbini in Japan. 7 Eleven, Family Mart, and Lawson. We discuss the pro's and con's of each, and list our favorite. Listen along and learn what we are missing here in America.Socials @RHDGUYSMerch HTTP://RHDGUYS.COM

Americkému (nejenom) vzdělávacímu systému vděčím za hodnoty, které mě formovaly a za cenné výzvy, které mě už od roku 2016 posouvají směrem, jaký jsem si přála - jako člověk i jako výživář. Jaké mě studium na přední fakultě oboru v USA změnilo? PS: Z Miami na léto zpátky v Praze - poslední klinický semestr RDN studia klinické výživy na FIU v Miami: hotovo! Protože 2024 je oficiálně ten rok. Uff. UŽ?!?!- bonusy & nutri tea na Herohero: herohero.co/marketasvibes- Instagram: @marketgajdosova- web: www.marketagajdosova.comMinutáž: 3:30 Ve dvě ráno nad Atlantikem na cestě Miami - Praha6:00 Americká mentalita a studium v USA8:45 Jaký byl poslední klinický semestr na fakultě v Miami11:50 Jak mě život v Americe (z)měnil jako nutriční13:35 Věda vs. názor vs. intuice vs. výzkum vs. osobní zkušenost18:25 Jaké nečekané předměty jsou součástí studia výživy19:35 Umění řešit výživu stylem NO 1.1.26:00 Co se stane, když včas (ne)začneme řešit výživu29:50 Kvalita potravin v USA vs. v ČR33:00 Psychologie výživy a nutriční psychiatrie34:00 Tajemství úspěšné nutriční spolupráce a proč PEČLIVĚ vybírat svého vyživáře

On the occasion of celebrating its 100-year anniversary, automotive manufacturer Ford Motor Company South Africa (FMCSA) has announced it will start producing plug-in hybrid electric vehicle (PHEV) Ranger models at its Silverton, Pretoria, manufacturing facility late next year. The automaker is investing R5.2-billion in expanding its existing facility to accommodate the new models on the same assembly lines as the diesel and petrol vehicles, and in building a dedicated battery pack assembly facility. Particularly, the chassis plant will be upgraded to accommodate the unique chassis configuration of the plug-in hybrid Ranger, including changes to the robots, welding equipment, control systems, conveyors and skids. The PHEV models are destined for export to Europe, Australia and New Zealand, but Ford Middle East & Africa operations VP Ockert Berry is confident that the company will see local uptake of them as well. He tells Engineering News that, with the South African Ford facilities already being geared up to produce Ranger vehicles, it made sense for the group to expand to PHEV Ranger production. It will be the first time in two decades that the Silverton plant will be supplying vehicles to the Australian and New Zealand markets. Berry adds that the plant will initially target production of 30 000 PHEV Ranger units a year and ramp up as required. The plant currently produces about 200 000 vehicles a year, comprising Ford Ranger and Volkswagen Amarok vehicles. The Ranger PHEV will deliver more torque than any other Ranger, owing to a 2.3-litre Ford EcoBoost turbo petrol engine paired with an electric motor and rechargeable battery system. It can be driven in pure electric mode for more than 45 km without using a drop of fuel or producing tailpipe emissions. It will provide all the towing and payload capability customers expect of Ranger, along with Pro Power Onboard for the first time, enabling customers to power their tools and appliances on a worksite or remote campsite by plugging them into power outlets embedded in both the cargo bed and the cabin. The latest investment in the plant adds to a total R33-billion that FMCSA has invested at its plants in Silverton, and Struanway, in Gqeberha. Moreover, FMCSA reveals an expanded product range that will be available for purchase in the South African market within the next 18 months, including the all-electric Mustang Mach-E, a seventh-generation Mustang range that will include the most powerful naturally aspirated Mustang to date - the Mustang Dark Horse, an all-new Territory five-seater special utility vehicle and the next-generation Torneo Custom and Transit Custom models. Additionally, Ford will soon launch two new Ranger models, Tremor and Platinum, made specially for the South African market. The Tremor is a more adventure-oriented Ranger model with added off-road functionality, while the Platinum will comprise ultimate driving comfort features. "From humble beginnings that established Ford in South Africa in November 1923, our team and facilities here have grown into a world-class operation that delivers the highest-quality vehicles to our customers in South Africa and around the world," says Ford Motor Company chief dealer engagement officer Elana Ford. As part of the FMCSA centenary celebrations, the company has launched three new community initiatives targeted at maths and science development, early learning development and scholarships. FMCSA and its project partners are creating 100 maths and science laboratories for primary schools around the country, as well as 100 early childhood development centres, while it will fund 100 youth scholarships to promote learning in the fields of science, technology, engineering and maths. South Africa is the fourth country across Ford's manufacturing portfolio to have exceeded 100 years of operations, following the US, Canada and Argentina. The Silverton facility will also celebrate its one-millionth Ranger produced some time nex...

On the occasion of celebrating its 100-year anniversary, automotive manufacturer Ford Motor Company South Africa (FMCSA) has announced it will start producing plug-in hybrid electric vehicle (PHEV) Ranger models at its Silverton, Pretoria, manufacturing facility late next year. The automaker is investing R5.2-billion in expanding its existing facility to accommodate the new models on the same assembly lines as the diesel and petrol vehicles, and in building a dedicated battery pack assembly facility. Particularly, the chassis plant will be upgraded to accommodate the unique chassis configuration of the plug-in hybrid Ranger, including changes to the robots, welding equipment, control systems, conveyors and skids. The PHEV models are destined for export to Europe, Australia and New Zealand, but Ford Middle East & Africa operations VP Ockert Berry is confident that the company will see local uptake of them as well. He tells Engineering News that, with the South African Ford facilities already being geared up to produce Ranger vehicles, it made sense for the group to expand to PHEV Ranger production. It will be the first time in two decades that the Silverton plant will be supplying vehicles to the Australian and New Zealand markets. Berry adds that the plant will initially target production of 30 000 PHEV Ranger units a year and ramp up as required. The plant currently produces about 200 000 vehicles a year, comprising Ford Ranger and Volkswagen Amarok vehicles. The Ranger PHEV will deliver more torque than any other Ranger, owing to a 2.3-litre Ford EcoBoost turbo petrol engine paired with an electric motor and rechargeable battery system. It can be driven in pure electric mode for more than 45 km without using a drop of fuel or producing tailpipe emissions. It will provide all the towing and payload capability customers expect of Ranger, along with Pro Power Onboard for the first time, enabling customers to power their tools and appliances on a worksite or remote campsite by plugging them into power outlets embedded in both the cargo bed and the cabin. The latest investment in the plant adds to a total R33-billion that FMCSA has invested at its plants in Silverton, and Struanway, in Gqeberha. Moreover, FMCSA reveals an expanded product range that will be available for purchase in the South African market within the next 18 months, including the all-electric Mustang Mach-E, a seventh-generation Mustang range that will include the most powerful naturally aspirated Mustang to date - the Mustang Dark Horse, an all-new Territory five-seater special utility vehicle and the next-generation Torneo Custom and Transit Custom models. Additionally, Ford will soon launch two new Ranger models, Tremor and Platinum, made specially for the South African market. The Tremor is a more adventure-oriented Ranger model with added off-road functionality, while the Platinum will comprise ultimate driving comfort features. "From humble beginnings that established Ford in South Africa in November 1923, our team and facilities here have grown into a world-class operation that delivers the highest-quality vehicles to our customers in South Africa and around the world," says Ford Motor Company chief dealer engagement officer Elana Ford. As part of the FMCSA centenary celebrations, the company has launched three new community initiatives targeted at maths and science development, early learning development and scholarships. FMCSA and its project partners are creating 100 maths and science laboratories for primary schools around the country, as well as 100 early childhood development centres, while it will fund 100 youth scholarships to promote learning in the fields of science, technology, engineering and maths. South Africa is the fourth country across Ford's manufacturing portfolio to have exceeded 100 years of operations, following the US, Canada and Argentina. The Silverton facility will also celebrate its one-millionth Ranger produced some time nex...

In this episode we discuss the R33 for our 33rd episode!@RHDGUYS

In this episode, I am joined by Cam Marton. Cam is a Victorian drifter, probably known for throwing caution to wind and binning a car or two. In this episode, we got to talk about Cam's life growing up on acreage and being able to build his own BMX and motocross dirt jumps as he was growing up as well as being super fortunate enough to have a full mechanic workshop at home. We also got to talk about how Cam started out drifting and his favourite aspect of drifting along with his favourite tracks or spots and layouts. We talk in-depth his R33 sedan, which has just recently seen a complete rebuild on his youtube channel. I had a great time chatting with Cam, and I hope you all enjoy this episode. You can find Cam on: Facebook: https://www.facebook.com/cammartondrift Instagram: https://www.instagram.com/cammartondrift/ TikTok: https://www.tiktok.com/@cammartondrift Youtube: https://www.youtube.com/@CamMartonDrift Don't forget to follow the podcast on: Instagram:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.instagram.com/gutter2gutterpodcast/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Facebook:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.facebook.com/G2GPodcast/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@gutter2gutter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/gutter2gutterpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Gutter 2 Gutter Podcast now has it's very own website that you can find here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://gutter2gutterpodcast.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ So be sure to grab yourself a sticker or 2. It goes a long way to helping with supporting the podcast. Please also rate and review on your podcast platform of choice and be sure to tell a friend about us. This is a great way to help us grow and reach more earholes. I'd like to send a massive thank you to our Gutter 2 Gutter Podcast Patreon supporters! AJ Hoad Johnny Wombat Lonely Drivers Driving Club

In this episode, I am joined by Kieran Racklyeft. Kieren is a Sydney based drifter competing in the Pro-Am ranks of the Hi-Tec drift all stars series. He drives the 1JZ powered R33 with the R34 front end and has put a lot of R&D into that car. Kieren and I got to talk about the little country town he grew up in, the purchase and memories from his first car. As well as how and when he got into drifting, who was responsible for that, and those who support him each and every time he takes his car out. We also talk about how he gets time in the seat and the reason you'll still see him attend wetpan events. Kieran and I have been talking about doing this episode for quite some time now, and it was awesome to finally sit down with him and get it going. You can find Kieren and Skittlez DC on: Facebook: https://www.facebook.com/kieren.racklyeft Instagram: https://www.instagram.com/kracklyeft_evl_33/ Instagram: https://www.instagram.com/skittlez_dc/ TikTok: https://www.tiktok.com/@evl.33 Youtube: https://www.youtube.com/@skittlez_dc6787 Don't forget to follow the podcast on: Instagram:⁠⁠⁠⁠⁠⁠ https://www.instagram.com/gutter2gutterpodcast/⁠⁠⁠⁠⁠⁠ Facebook:⁠⁠⁠⁠⁠⁠ https://www.facebook.com/G2GPodcast/⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠https://twitter.com/PodcastGutter⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@gutter2gutter⁠⁠⁠⁠⁠⁠ Patreon: ⁠⁠⁠⁠⁠⁠https://www.patreon.com/gutter2gutterpodcast⁠⁠⁠⁠⁠⁠ Gutter 2 Gutter Podcast now has it's very own website that you can find here: ⁠⁠⁠⁠⁠⁠https://gutter2gutterpodcast.com/⁠⁠⁠⁠⁠⁠ So be sure to grab yourself a sticker or 2. It goes a long way to helping with supporting the podcast. Please also rate and review on your podcast platform of choice and be sure to tell a friend about us. This is a great way to help us grow and reach more earholes. I'd like to send massive thank you to our Gutter 2 Gutter Patreon supporters! AJ Hoad Johnny Wombat

Bueno, creo que ya tenéis claro que me gustan los coches japoneses. Algunos mucho. ¡Y otros muchísimo! Pero es que la hornada de deportivos japoneses de los 90 fue, realmente, excepcional. Cualquiera de esta lista lo atestigua. Y lo mejor: Algunos los puedes encontrar a precios razonables. Y es que la cosecha de deportivos japoneses en los años 90 ha sido irrepetible. Y lo digo con conocimiento de causa porque los coches que os he traído hoy aquí, he tenido la fortuna de probarlos todos y a fondo. En general se podría decir que los coches deportivos no son el mejor negocio para las marcas. No se venden en grandes series, necesitan desarrollos específicos, son más caros de fabricar y si repercutes todo esto en el precio… pues no vendes ni uno. Entonces, ¿para qué hacer coches deportivos y coupés? En gran parte porque son, como se dice en la mercadotecnia, palabra que me gusta más que marketing, un “motor de imagen”. Esto quiere decir que estos coches tienen dos misiones: Por un lado, demostrar lo que la marca es capaz de hacer, su capacidad tecnológica. En los años 90 los japoneses necesitaban tener una mejor imagen de marca más Premium. Los coches japoneses tenían éxito, eran considerados fiables y bien acabados… pero no eran coches para soñar. Y las marcas japonesas se pusieron manos a la obra e hicieron coches como los que os traemos, que sí son para soñar… insisto, los 10 de la lista. Vamos con ellos… 1. Honda NSX (1990) Y si hablamos de un coche japones, de los 90, mítico, para soñar… no puede faltar su “majestad” el Honda NSX. La mala noticia es que este sí que no le vais a encontrar barato en el mercado de usados. 2. Honda S2000 (1999) El Honda S2000 era un Roadster de propulsión trasera que si puedes encontrar a precios por debajo de los 20.000 €. 3. Mazda MX5 (1989) Nació en 1989 pero la primera generación del roadster Mazda MX5 “vivió” en los años 90. Una propuesta innovadora: Una especie de Lotus Elan relativamente asequible y muy fiable. 4. Mazda RX-7 (1992) Igual que decíamos que hablando de “Coupés míticos japoneses de los 90” no puede faltar el NSX, tampoco puede faltar un Mazda como motor rotativo, el Mazda RX-7 de la tercera generación. 5. Mitsubishi 3000 GT (1990) En Japón y en el Reino Unido, este modelo se comercializó como GTO… fuera, no se atrevieron y lo llamaron 3000GT. El 3000 proviene del motor de 3.0 litros, V6, dotado de doble árbol de levas en cabeza, culata con 24 válvulas y que daba 300 CV que llegaron a 320 CV a partir de 1994. 6. Nissan 300ZX Z32 (1990) Heredero de la mítica saga Z de Nissan-Datsun de este modelo destacaría dos cosas: Una estética imponente y el hecho de que fuese un coche tremendamente divertido de conducir. El motor era un impresionante V6 de 3.0 litros, biturbo y con 300 CV. Y, ¡cómo no! con propulsión trasera. Pero su bastidor era una joya, con suspensión tipo multibrazo en ambos ejes y un eficaz sistema de dirección trasera activa Super HICAS (Super High Capacity Actively Controlled Suspension). 7. Nissan Skyline GT-R R33 (1995) De este Skyline de 1998 podemos decir que su nombre “artístico” mola más: “Godzila”. Y es que solo con verlo, da miedo. De todas las generaciones de GT-R el R33 es la que más me gusta… con permiso de la posterior, R34. El motor era un seis cilindros, en este caso en línea, de 2.5 litros, con doble turbocompresor, intercooler y que llego a dar 305 CV… 8. Subaru Imprezza 22B STi (1998) No es coupé, pero sí deportivo, ¡muy deportivo! Esta versión especial nació como base para el coche de rallyes, una saga muy exitosa de Imprezza que consiguió grandes resultados. Lo más característico de este coche, por supuesto, tratándose de Subaru de tracción total, era su motor, por supuesto, tratándose de Subaru, Bóxer. Se trataba de un 2.2 litros, por supuesto Turbo, que alcanzaba los 280 CV y que con pocos retoques se iba a los 350 CV… no está mal. 9. Subaru SVX (1991) Un verdadero “patito feo” … ¡y eso que está diseñado por Giorgetto Giugaro! Pero hablamos de un modelo en muchas ocasiones olvidado… pero no por nosotros. Pretendía ser, y lo era, un escaparate con ruedas, para mostrar la más moderna tecnología de Subaru. 10. Toyota Supra (1993) Han existido varias generaciones del Toyota Supra pero la cuarta generación, aparecida en 1993, es la más bonita y la más interesante. Parece que en estos años poner dos turbocompresores a los motores, de funcionamiento secuencial, era un “fijo”. Este 3 litros de 6 cilindros en línea ofrecía, en su versión para Europa, nada menos que 320 CV. Es una buena compra por su robustez, pero están sorprendentemente caros. Espero haber cumplido lo que prometí al empezar. Yo creo que sí, porque ¿hay algunos de estos coches que no te guste? Desde luego, a mí, me gustan todos… unos más que otros… ya veréis porque lo digo.

R33 Skyline GT-R在1993年東京車展發表，不過其前代R32大獲好評，因此R33在1995年才正式上市，和上一代R32相較，R33 GT-R車變重、軸距變長，彎道表現遭受批評，不過高速直線穩定卻是有所提升！但…R33再怎麼不濟事，它依舊有RB26DETT直六雙渦輪名機和ATTESA E-TS四驅加持，性能表現仍不能小看。R33 GT-R為什麼會有如此的產品轉變？它真的就像「頭文字D」中的神之腳---星野好造所說的這麼不堪？來聽Celsior怎麼說？

Expanding bulk mineral exports can increase employment to 500 000 direct jobs, up on the 459 000 of last year. What is generally required is for South Africa to lift its export performance to levels of existing capacity. The reward is R151-billion worth of extra export revenue. As measured by delivered tonnages compared with contracted tonnages, in 2022 the opportunity cost for all bulk minerals – iron-ore, coal, chrome, ferrochrome and manganese – was R50-billion. But this is not opportunity cost, this is opportunity lost, Minerals Council South Africa CEO Roger Baxter highlighted at the Joburg Indaba, covered by Mining Weekly. Increased taxes from this would be R27-billion. Roughly 19% of every rand earned from exports comes back in tax revenue to the fiscus. Increasing coal to 91-million tons to meet the existing capacity of the Richards Bay Coal Terminal would add an additional R92-billion. Taking iron-ore exports to 67-million tons would add another R33-billion to the export total. Five-billion rand extra would accrue from lifting chrome exports to 15-million tons. The country could get R18-billion more by exporting four-million tons of ferrochrome – and another R3-billion could be obtained from more manganese going to market. It all hinges on getting logistics right through a partnership of State-owned companies and the mining companies themselves. Improved rail and port services are a must because of the major benefits that will accrue. “We need to make sure that in partnership we are focused on improving our performance and how we compete on that international playing field. “We can be a lot more globally competitive and we think this is an opportunity for us,” Baxter emphasised.

Former top cop Khomotso Phahlane and high-ranking officers in the Crime Intelligence (CI) division were arrested in a series of raids – the fruit of an Investigating Directorate (ID) probe into a R54-million procurement scandal which has spanned years. Sources close to the investigation told News24 that swoops played out in Durban, Johannesburg, Pretoria, and Gqeberha on Monday night, with the operation stretching into the early hours of the morning. According to impeccable sources, former national commissioner Phahlane was taken into custody at his home in the plush Sable Hills Estate on Tuesday morning. Acting head of the Crime Intelligence secret fund, Major-General Obed Nemutanzhela, was arrested at the OR Tambo International Airport while attempting to board a flight to Cape Town. Colonel Godfrey Mahwayi was arrested in Pretoria. The last to be placed in handcuffs was Major General Agnes Makhele, head of CI in the Free State, who was arrested in Bloemfontein on Tuesday. The investigation centres on a procurement scandal from the State capture era, in which the cop spook division manipulated procurement processes for a R54-million splurge on social media monitoring tools and telephone encryption software. The R33-million purchase of a social media monitoring tool called RIPJAR began in December 2016, using emergency procurement prescripts, with the tool "urgently" needed to address "Fees Must Fall" university protests. These prescripts are usually used when there is an urgent need – and in this matter – the urgency is undercut by the fact that the Fees Must Fall movement and the protest action around it began a year and a half earlier. The note-so perfect source To procure the software, Crime Intelligence obtained two quotations, one from a company named I-View owned by businessman Inbanathan Kistiah, and the second from a firm called Perfect Source Solutions. Perfect Source was a human resources and recruitment company. The sole director of Perfect Source was Gevani Naidoo. Her husband, Avendra, provided the other quote Kistiah needed. The procurement was driven by Mahwayi, who in his role had no authority for procurement. He sourced the quotations and, within two days, R33-million landed in Kistiah's bank account, with no contract or agreement in place. According to investigators from the Independent Police Investigative Directorate (IPID), who first pursued the probe after they were alerted by a whistleblower, could find no evidence that the RIPJAR software was ever delivered. Several months later, Crime Intelligence looked to I-View and Kistiah to provide phone encryption software called Deadelus for R21-million. Similarly, Mahwayi obtained two quotes from the same two companies, and I-View secured their second windfall. Both deals bear the hallmarks of cover quoting, a collusive practice where the prices of counter-quotations are inflated to ensure that the deal goes to a predetermined recipient. Sources within IPID, who could not be named, alleged that the Deadelus system was purchased in order to shield Phahlane from their investigators, who were hot on his heels over a mammoth blue light tender. Phahlane and other top cops face criminal charges for this scheme and are currently before court. Criminal intelligence Kistiah and Avendra Naidoo were arrested in Durban and Gqeberha respectively. The former was said to have been boarding a plane, the destination of which could not be independently confirmed. Kistiah is central in a string of IPID investigations into high-level police corruption which have since been ceded to the ID. Another dubious deal pushed Kistiah's way was the purchase of a sophisticated spying device known as a grabber, which can intercept calls and infiltrate cellular phones. I-View was to provide such a device at R45-million, several times more than what it is worth, just days before the African National Congress's 2017 Nasrec elective conference. The deal was abandoned after pressure from IPID...

Hello my dear friends, welcome to this Club Room! We're going to spend the next hour together if you want! Today I have a little surprise for you because I am having a live recording from a really great club night in Mallorca. R33 iis a great club with an amazing soundsystem and vibe. Hope you're gonna hear this also in my DJ set. It was a great night so please put Mallorca on the list. I hope you're gonna feel this one! We're gonna have Tracks by Tiga & Ben Sterling, Confidential Recipe, DJ Dextro, NIKK, Diego Infanzon, Shadow Child, Radioslave, Tenzella, Kittin, Ackermann and Julien Bracht with a great debut EP. So enjoy my Club Room for this week, bye bye! Tiga / Mind Dimension Confidential Recipe / La Danza DJ Dextro / Climax NIKK / Give A Funk NIKK / Paradise Diego Infanzon / Remembrance Shadow Child / Space Riot Radio Slave / Stay Out All Night (Carl Cox Remix) Tenzella & Drumatix / Rabbit Kittin / Fundamental Rights Diego Infanzon / The Revival Ackermann / Jack Dat Matrefakt / Typer Thing Felix / Don't You Want Me (Ejeca Edit) Agent Orange DJ / Backwood Groove Julien Bracht / Mode Flower Rave

Platinum group metals (PGMs) mining and marketing company Anglo American Platinum (Amplats) on Monday declared a gross interim dividend of R21.5-billion from profits accrued during the six-month period ended June 30, when it made a R71-billion economic contribution to society. The dividend is equivalent to a payout of 80% of headline earnings while the societal economic contribution to society is made up of R6.8-billion in half-year (H1) wages and salaries, and R15.3-billion to local suppliers, including R1.1-billion of this going directly into doorstep communities. The community spend and dividend payout to the community trust of the Johannesburg Stock Exchange-listed company equated to R350-million and R6.1-billion was invested in the business itself to ensure stability and sustainability. Significant contribution has also been made to the South African and Zimbabwean fiscus through R9.5-billion paid in H1 taxes and royalties, and R33.1-billion paid to shareholders in respect of H2 of 2021. Full-year metal-in-concentrate production of 3.9-million PGM ounces to 4.3-million PGM ounces and refined production of between 4-million PGM ounces and 4.4-million PGM ounces is guided, with unit cost at R14 000 to R15 000 per PGM ounce, based on an oil price of around $100/bl. Capital expenditure guidance for the full year has been reduced to between R16-billion and R17.5-billion. The company has felt the impact of higher oil, explosives and chemicals prices, with expenditure on consumables up 18% year-on-year on the back of a 61% increase in oil, 71% increase in chemicals, and a 55% increase in explosives. “Overall, we've seen a 10% increase in mining inflation. However, we've been able to contain those costs to around about 8%, so our cash operating costs are up 8% year-on-year, despite those commodity-linked price escalations,” Anglo American Platinum CFO Craig Miller outlined during a media conference in which Mining Weekly participated. “That's what we'll continue to work on in the second half of the year in order to maintain our margins and to continue to ensure that we continue to deliver value for all stakeholders,” Miller added. In the PGM markets, the forecast is for platinum's surplus to gradually move towards a deficit owing to a significant increase in automotive platinum demand, as some platinum replaces palladium in gasoline catalysts. Palladium is likely to move into surplus for the opposite reason, though to what extent will depend on what happens to automotive production. Rhodium should head back into deficit after two years of surplus, the company reported. “Longer-term, we're excited with the momentum we are seeing in the development of the hydrogen economy and our options to grow and deliver into a transitionary and future decarbonised world. “With more countries announcing hydrogen-specific strategies, there is more investment committed to broader hydrogen infrastructure and more green hydrogen production, which will enable us to unlock incremental PGMs demand in new segments such as hydrogen production and storage, as well as mobility,” Amplats CEO Natascha Viljoen told the media conference. While PGM basket prices decreased in the first half, the realised price of $2 671 per PGM ounce is the second-highest average price on record, illustrating the robust underlying market fundamentals for the suite of metals. This contributed to another strong financial performance, with revenue of R86-billion, earnings before interest, taxes, depreciation and amortisation (Ebitda) of R43-billion, and an Ebitda mining margin of 59% achieved. The 20% decrease in revenue and 32% decrease in Ebitda was a result of lower sales volumes compared to the prior period, mainly owing to H1 2021 recording the benefit of increased refined production owing to higher-than-normal work-in-progress inventory following the ACP Phase A rebuild. This strong financial performance enabled the company to contribute to broader society.

On this episode of Car Torque, Matty, Scotty, Ed, Thomas, Patrick and Luka discuss their latest. Thomas being new to the show tells us about his interesting car collection, Luka fills us into C63 ownership and Scotty tells us all about the R31, R32, R33 and R34 Nissan Skyline. He also makes the quiz! Don't forget to subscribe, rate and review! Support us and become a Patreon! https://www.patreon.com/cartorquepodcast Check out our merch here! https://car-torque-store.creator-spring.com/ https://carloop.com.au/

Human Settlements Minister Mmamoloko Kubayi has tabled her department's Budget Vote for the 2022/23 financial year at a time when there is rising demand for reform on housing delivery and heightened attention on the portfolio following flood disasters in KwaZulu-Natal and the Eastern Cape. The Department of Human Settlements' (DHS's) budget allocation for the 2022/23 financial year amounts to R33-billion, of which R18.7-billion is allocated to provincial grants, R11.7-billion to municipal grants and R1.6-billion to Human Settlements entities. In delivering the budget on May 10, Kubayi highlighted how the Human Settlements Development Grant Framework for the new financial year now provides for provinces and municipalities to access up to 30% of the Human Settlements Development Grant for bulk and linked infrastructure services, to help unlock some of the blocked housing projects in the country and considerably increase the scale of housing delivery in a short space of time. The department will also start implementing front-loading in the Northern Cape and Eastern Cape in the 2022/23 financial year, which will help unlock stalled projects and increase the pace of provision of title deeds to rightful property owners. To deal with a slow pace of delivery in the department, the DHS has established a “war room” team to fast-track implementation of projects and coordinate reporting of various entities of the department. The team will also identify strategic partners who can assist in unblocking project implementation. The DHS intends on undertaking a scoping exercise that will include site verification and estimation of all cost implications related to the unblocking of housing projects. Kubayi confirmed that a diagnostic report would be published by the end of the current financial year. Meanwhile, Kubayi implored municipalities to effectively deal with illegal occupation of land. She mentioned that there are about 2 700 informal settlements in South Africa, most of which are located on unsuitable land, in terms of housing emergencies. “It is these areas that are most impacted by natural disasters, as evidenced a month ago on the KwaZulu-Natal coast.” She referred to the flash flooding experienced in Durban and surrounds and up to certain areas of the Eastern Cape, which left more than 15 000 houses damaged to varying degrees. During the 2021/22 financial year, the DHS published a request for proposal calling on private developers to partner with government on integrated housing projects' development. The department received 95 proposals from individual companies, consortiums, developers and communities that own parcels of land. Kubayi noted that announcements on Phase 1 of this initiative will be made upon the successful conclusion of public-private partnership agreements. In the new financial year, the DHS has decided to focus on housing for mining communities and, to strengthen the department's relationship with mining companies, will establish a framework to help guide the implementation of joint projects for housing. Kubayi concluded her address by acknowledging the persistent title deeds backlog, and reiterated the department's commitment to fast-tracking delivery of housing deeds by partnerships with financial institutions and the Youth Employment Service.

Available April 8, 2022Mark, Scott, and Ray answer questions1) My clinic is trying out the app through Emano Flow that tracks a patients urine flow for 14 days and then the Urologist goes over the results with the patient when the trial is finished. My clinic is very confused on whether or not each individual day needs an interpretation written by the doctor in order to bill a uroflow (51741) on a particular day?2)  [9:05]  I am working on an appeal letter to Regence Blue Shield for in Interstim device.  In their criteria for coverage, the covered diagnoses for this type of treatment are: a. Urge Incontinence (N39.41), b. Non-obstructive urinary retention (R33.8), c. Overactive bladder (N32.81) and d. Urgency-Frequency syndrome (??).  For D, I could use the symptom codes of R39.15 and R35.0.........but is there anything else that might be better?  The documentation states the female patient has Fowler's Syndrome, but there isn't an ICD-10 for that either!  Suggestions???3) If a Medicare has a TURP 52601 and then two months later has a bladder scan in the office 51700 should Medicare pay for that bladder scan?4) What is the difference betweent simple prostatectomy codes 55821 and 55831.  What is the best way to code for Robot-assisted laparoscopic simple prostatectomy on a Medicare patient?  And, same question for a commercially insured patient?UTI – PCR UPDATEThe following Medicare Administrative Contractors (MAC) aka Carriers, have issued a proposed multi-jurisdictional Local Coverage Decision (LCD) for Multiplex Nucleic Acid Amplification Test (NAAT) PANELS FOR INFECTIOUS DISEASE Testing, Wisconsin Physician Services Insurance Corporation, CGS Administrators, LLC., Noridian Healthcare Services, LLC., and Palmetto GBA.Each has also issued an associated Local Coverage Article (LCA) with coding instructions and limitations on coverage. Each of these states participate in the MolDX program administered by Palmetto GBA. The coverage change takes effect April 17, 2022 in all states within each jurisdiction...​[READ MORE]​ Join the discussion:Urology Coding and Reimbursement Group - Join for free and ask your questions, and share your wisdom.Click Here to Start Your Free Trial of AUACodingToday.com 

Sibanye-Stillwater has posted record profit of R33.1 billion as the world's largest platinum miner benefited from an improved operational performance in South Africa and a surge in rhodium prices. Business Day TV unpacked the performance with CEO Neal Froneman

It's November 2021, and this is the sixteenth Audio Episode of “The Shyft Lift”, the regular news digest of the App for the globally-minded, based in South Africa. Find out more about the first African digital currency to be launched on the continent – the eNaira. https://www.youtube.com/watch?v=hOnaAdoUkLw In 2020, South Africa exported 271 000 vehicles worth R120 billion, despite the pandemic. https://www.youtube.com/watch?v=6Vcdv5Ho-hs Nigeria, Egypt, Morocco and Angola are the African states with the largest forex reserves of over $15 billion. https://www.cnbcafrica.com/media/6273402161001/ From June to August 2021, SA recorded new vehicle sales of R34 billion, used vehicle sales of R33 billion and fuel sales of R42 billion. https://www.youtube.com/watch?v=FYD_wJ96eG8 The general fuel levy amounted to about R83 billion in the 2021/22 budget and is an important source of tax revenue. https://www.youtube.com/watch?v=Rtgj8rZqR4M In 2021, so far, four African fintech firms have achieved or surpassed a billion-dollar valuation – which more than doubles the number of “unicorns” on the continent. https://www.youtube.com/watch?v=236STzCWXzc Is tax admin your kryptonite? Maybe you're interested in buying shares or investing offshore, but unsure about all the paperwork? We explain how to stay on the right side of SARS as an international investor. Squid, a digital token inspired by Netflix's record-breaking Squid Game, has been exposed as an apparent scam (https://www.youtube.com/watch?v=byu5mo532nk). The World Bank Group's International Finance Corporation (IFC) is partnering with SA's Liquid Intelligent Technologies to grow data centre capacity and roll out fibre-optic cable on the continent (https://www.youtube.com/watch?v=Y-cu6Xy9GfE) and Apple CEO, Tim Cook weighs in on screen time and our well-being (https://www.youtube.com/watch?v=VrBvL6AX7lg). Shyft is an app for global citizens, based in South Africa. It helps you buy, send, and store local and foreign currency - anytime, anywhere, directly from your mobile. Visit getshyft.co.za to download the app. SHYFT operates under the license of The Standard Bank of South Africa Limited, an authorised Financial Services Provider (FSP number 11287). --- Send in a voice message: https://anchor.fm/standard-bank-southafrica/message

The Industrial Development Corporation has narrowed its annual loss to R33 million rand from R3.3 billion previously. The vast improvement is as a result of reduced impairments and write offs. Zinathi Gquma unpacked the performance with IDC CEO TP Nchoncho.

According to a new proposal from the Department of Social Development. Last Wednesday, the department gazetted its Green Paper on Comprehensive Social Security and Retirement Reform, which proposes the creation of a new National Social Security Fund (NSSF) - a government-managed fund which will provide retirement, disability benefits and unemployment benefits. All employers and employees will initially be obliged to contribute up to 12% of their earnings - up to a certain ceiling, which is currently proposed as earnings of R276 000 per year. This means that if you earn more than R276 000 a year, you will pay a maximum of 12% of R276 000 a year - around R33 100, or R2 760 a month - to the fund. See omnystudio.com/listener for privacy information.

Some inside government still hold a mistaken and openly hostile view of the mining industry due to the legacy of things like migrant labour and the old extractive pit to port nature of mining houses under Apartheid. But the fact is, that the industry has, in large parts, completely transformed into one that adds value over and above the obvious taxes and royalties that help fund governments social programmes and balance South Africa’s trade balance. The industry now contributes to things like healthcare and education and even infrastructure that really should be the domain of governments but the breakdown in local government in particular has meant that mining firms have had to step into the breach to assist their communities. This was in evidence when Dual-listed Sibanye-Stillwater committed to invest a further R33-million in tertiary education aimed at bolstering mining research and development in South Africa. The gold and platinum miner has extended and increased its existing partnerships with the University of Johannesburg (UJ) and University of the Witwatersrand (Wits) by a further three years, with each institution receiving R16.5-million. Sibanye-Stillwater CEO Neal Froneman, sits down with Michael Avery to talk about the importance of renewing the social contract between mining forms and government.

We are back for episode 178! We were a bit loopy this episode, so prepare your ear holes for chaos. Mitch then kicks off the news this week with Honda potentially reviving the S2000 for 2024, based heavily on the FK8 Civic Type R, but rear-wheel drive, Mitch and Matt then argue over whether Mitch should get a 200 Series. Mitch then rants about a particular chinese-made trailer company that features often on a particular Australian four-wheeling YouTube channel, before Mitch talks about Volvo going entirely electric in the near future; dropping all internal combustion engines from their range. Joseph then talks about the 2021 model up date for the Kia Stinger, which includes a whole extra 2kw of power! Joel then has news/stats about used car prices being up 32%, and that the used car prices are a massive bubble, and then we argue about Aston Martin V8 Vantage Vs. Porsche 911. Joseph then talks about the Nissan Heritage program that Nissan has started for the R32, R33, and R34. We then end by playing 'The Debate'. Find us on Facebook, Instagram, Twitter and at www.gearsandbeersmedia.com / www.unashamedlyunprofessional.com We have a merch shop! Gears and Beers Podcast is hosted by Mitchell Denham, Matthew Morwood, Joseph Riga, and Joel McD. Unashamedly Unprofessional

Public Enterprises Minister Pravin Gordhan said on Friday that a “second round” of work is being initiated in an effort to find a solution to Eskom’s unsustainable debt burden in line with the recent social compact between government, community, labour and business to “mobilise funding to address Eskom’s financial crisis in a sustainable manner”. Speaking virtually during the release of Eskom’s delayed financial results for the year to March 31, 2020, he said the “first round” had already taken place early in 2020, and ahead of the onset of the Covid-19 pandemic, during which various options had been examined. “A second round of initiatives, arising from the ‘Eskom Compact’, will be initiated in the course of the next week and once we have greater certainty about the direction in which those processes will go we will inform the financial community and other stakeholders,” Gordhan said, referring to the compact agreed at the National Economic Development and Labour Council (Nedlac) in September. At the end of the 2020 financial year, the State-owned utility’s debt stood at R484-billion, up from R440-billion in 2019, but had moderated slightly since to around R460-billion. Eskom has indicated on several occasions that a sustainable debt level would be R200-billion and has acknowledged that its going-concern status is being maintained only by injections and allocations made by government. In 2020, the government injection stood at R49-billion, with allocations of R56-billion and R33-billion having already been announced for 2021 and 2022. The utility’s inability to generate sufficient cash to cover even the interest on its debt was the main reason for it reporting a net loss of R20.5-billion in 2020, having reported a loss of R20.9-billion in 2019. Eskom reported earnings before interest, taxes, depreciation and amortisation of R37-billion and an operating profit of R9-billion on the back of higher tariffs, with sales falling during the period, owing to load-shedding and weak demand. Net financing costs wiped out that profit, however, rising to R31.3-billion, from R27.7-billion, while its loss on embedded derivatives rose to R4.5-billion from R3.4-billion. CFO Calib Cassim said borrowings would rise again in the current financial year in order to replace debt that would mature during the period. Eskom faced debt-servicing costs of R96-billion during 2021, which would reduce to R70-billion in the 2022 financial year and plateau to an average yearly rate of R60-billion from 2023 to 2025. “Eskom needs to repay about R2-billion every week,” Cassim said, adding that, without government support, it would be facing a major debt-servicing gap. In 2020, that gap stood at R29-billion and was closed as a result of the R49-billion injection provided by government. Debt repayments had surged to become Eskom’s second-largest cost item, after primary energy, and were now also dwarfing capital expenditure, which had fallen from a peak of R56-billion in 2017 to R23-billion in 2020. Cassim described the resolution of the debt issue as a “priority for us during this financial year of 2021”, adding that the other priorities were to continue to pursue costs savings, as well as a tariff that reflected “our prudent and efficient costs”. Eskom CEO Andre de Ruyter expressed “excitement” about the ‘Eskom Compact’ agreed at Nedlac and said he was “eagerly anticipating the further development and implementation of this potential structural solution [to Eskom’s debt]”. He remained convinced, too, that green financing could play a role in the resolution of the debt crisis, indicating that there could be as much as R200-billion available and that Eskom would seek to access what it could within the constraints imposed by the fact that it would continue to operate coal plants for several decades into the future. De Ruyter was also at pains to insist that Eskom was not aiming to restructure its debt, acknowledging that the ter...

Link to bioRxiv paper: http://biorxiv.org/cgi/content/short/2020.10.22.351015v1?rss=1 Authors: Immadisetty, k., Moradi, M. Abstract: Proton-coupled oligopeptide transporters (POTs) use the proton electrochemical gradient to transport peptides across the cell membrane. Despite the significant biological and biomedical relevance of these proteins, a detailed mechanistic picture for chemo-mechanical couplings involved in substrate/proton transport and protein structural changes is missing. We therefore performed microsecond-level molecular dynamics (MD) simulations of bacterial POT transporter PepTSt, which shares ~80 % sequence identity with the human POT, PepT1, in the substrate binding region. Three different conformational states of PepTSt were simulated including, (i) occluded, apo, (ii) inward-facing, apo, and (iii) inward-acingoccluded, Leu-Ala bound. We propose that the interaction of R33 with E299 and E300 acts as a conformational switch (i.e., to trigger the conformational change from an inward- to outward-facing state) in the substrate transport. Additionally, E299 and E400 should disengage from interacting with the substrate either through protonation or through co-ordination with a cation for the substrate to get transported. Copy rights belong to original authors. Visit the link for more info

President Cyril Ramaphosa has officially unveiled the R33 billion Mooikloof Mega City project, east of Pretoria. Listen to this and other news stories, in your 12pm JacarandaFM News Update in English with Martine van der Walt Ehlers.

Transport MEC Bheki Ntuli is still waiting for an assessment report on the damages to the R33 road in Pomeroy which was damaged during recent service delivery protests.

Umzinyathi's Mayor says residents who damage public infrastructure during protest action must face legal action. Demonstrators barricaded the R33 and hacked a portion of the route between Pomeroy and Dundee yesterday.

A massive emergency operation is under way, following this morning's horror crash near Wartburg. 10 women and two men lost their lives when a combination truck, transporting fuel, collided with a minibus taxi at the R614 turn-off, on the R33.

New episode for Emotional Melodies summer series with an exclusive set mixed by Susana Lee. She has been fully focused on searching superb sounds that allow her to fusion classic and pioneer genres mixing it with her passion for innovation. Years living in different countries she has connected with important amount of inspiration, and that's one of the reasons why she has a very special sensitivity for music that truly reflects on every DJ set. Her diversity and adaptation to fusion can also be reflected in her family; Korean father and Spanish mother, the mix of cultures also plays an important part in her DJ work, being able to create a soft and smooth atmosphere with Funk, Deep House and Chill Out to also closing the most underground venue you can imagine. Susana is passionate about quality electronic music, being inspired by organic and balearic sounds, Funk and Melodic Deep House, creating always a proper and unique atmosphere. In the Club scene, during the time Susana lived in Berlin it pushed her to reach perfection for a clean underground sound, always combining with danceable hypnotic rhythms from Deep House to Techno, always keeping some time for House and Deep-tech, creating a full trip in each session connecting deeply with the crowds. She has been part of Dystopia experience at Ushuaïa Ibiza, visiting the magnetic island playing alongside amazing artists like Bedouin, Luciano or Adam Port. In this scene, she has played in venues like Heart Ibiza, R33, Macarena Club, This Side Up among others. Currently you will find Susana as a resident DJ at Puro Beach Barcelona and W Hotel, also collaborating frequently with Deep-fusion 124 BPM on Ibiza Global Radio. Susana provides good vibrations to turn this session into a good sunset experience. Enjoy this journey !!!

New episode for Emotional Melodies summer series with an exclusive set mixed by Susana Lee. She has been fully focused on searching superb sounds that allow her to fusion classic and pioneer genres mixing it with her passion for innovation. Years living in different countries she has connected with important amount of inspiration, and that's one of the reasons why she has a very special sensitivity for music that truly reflects on every DJ set. Her diversity and adaptation to fusion can also be reflected in her family; Korean father and Spanish mother, the mix of cultures also plays an important part in her DJ work, being able to create a soft and smooth atmosphere with Funk, Deep House and Chill Out to also closing the most underground venue you can imagine. Susana is passionate about quality electronic music, being inspired by organic and balearic sounds, Funk and Melodic Deep House, creating always a proper and unique atmosphere. In the Club scene, during the time Susana lived in Berlin it pushed her to reach perfection for a clean underground sound, always combining with danceable hypnotic rhythms from Deep House to Techno, always keeping some time for House and Deep-tech, creating a full trip in each session connecting deeply with the crowds. She has been part of Dystopia experience at Ushuaïa Ibiza, visiting the magnetic island playing alongside amazing artists like Bedouin, Luciano or Adam Port. In this scene, she has played in venues like Heart Ibiza, R33, Macarena Club, This Side Up among others. Currently you will find Susana as a resident DJ at Puro Beach Barcelona and W Hotel, also collaborating frequently with Deep-fusion 124 BPM on Ibiza Global Radio. Susana provides good vibrations to turn this session into a good sunset experience. Enjoy this journey !!!

Isn't it fascinating how quickly we adapt? When the market first started its epic nose dive, we were all ready to jump with it. However, over the past month or so we've become so accustomed to a crisis environment that we can almost forget about our investment accounts. The last lockdown challenge was initially scheduled for the last week of lockdown. The lockdown extension happened after I recorded the podcast. To be honest, I don't have the emotional energy to engage with the extension at the moment. As a result, we're looking at our investments this week. Like our previous two challenges, we are using this time to go through our investments with a fine-tooth comb. Aside from padding your emergency fund, this challenge is not about taking action. It's about reviewing the choices you made now that you can compare your portfolio before the crash to your portfolio after the crash. You've really earned your stripes this month. How did you do? Win of the week: Nomusa I bought a car in 2014 without a deposit. I never read the fine print or informed myself about the process. Never again! The car almost got repossessed when I was living hand to mouth. I am back on track now. In process to get back my peace, I opted for a debt review. I soon discovered this was a rip off 3 months into the trap. There was no agreement with my creditor as they had agreed to do. She ended up cancelling this. We talk about debt review in our Debt series, which you can find at justonelap.com/debt I have applied the snowball method to pay off debt and its working, I should be off the hook in December 2020. You pay the smallest amount first, add that to the second-smallest. Also find our article on the DIY debt repayment plan. I opened a Tyme Bank account for an emergency fund. I want this amount to not just sit but grow —even if it's just by 1%. I looove rewards programmes., I know I need to heal from the financial trauma I suffered back in the years. I used to get R200 worth of UCount when it started, which I would be getting because I was using my credit card a lot, and I would then buy lunch and food from fresh stop and KFC when I ran out of money mid-month. I have since stopped using the credit card (because I was handed over really, for non-payment). I am not planning to carry on with standard bank because their fees are ridiculous—R105 cheque card and let alone debits and all extras. I have since opened a Capitec account which is reasonable (R30-35) as I have moved some debits orders to them for insurance, funeral, tracker and the likes. I have these reward programs -Ucount -Freshstop -Clicks -PnP smart shopper -My School days -ThankU -All garage outlets reward trust me and use associated stores for others as I travel a lot.  I have noted all further useful hints on credit cards like having a virgin money one because of fewer fees, but  my ucount rewards make me wanna go back and this time, use my credit to my benefit, deposit to spend in it, etc, I know rewards are just there to keep us loyal and I am the culprit. Are they really worth it, do you and Chuckles even care about them? I also love the affiliation things and referring people on stash, easy equities and all? Will this really buy me bubbles later? Sorry for the long email am just excited.  Guillym  With regards to people saving for their kids, time in the market is the best, right? So why put money into the market for your kids if you are going to take it out? Rather save more for yourself now, and lower your saving rate when the kid comes to needing money age.  As an example, my wife and I have disposable income that all goes into paying off the bond. When that is done in about 5 years, it will go into something else for us.  When any monthly expense comes along (for Sadie) we can save less, rather than draw from savings, to cover school fees or whatnot. If Sadie becomes more expsensive, we can give ourselves a raise. We are super lucky to be able to put away more than 40%. We certainly don't take this for granted. This won't work for everyone, but I feel it's a better option than saving for children just to take it out of the market later. Joy I listened to your podcast about first investments. You recommended Ashburton 1200. Because this is a foreign product investing in foreign stocks, surely it is not tax free in the real sense of the word?  I will still be paying taxes and fees into that product? Considering the 40+ years that I hope this account will be running the small 0.1% fees/taxes here and there do need to be considered in light of compounding.  Is it not best to do TSFA into SA products and then discretionary into foreign like the Ashburton 1200? I hope to use my annual tax free donations allowance of R100,000 split between my two children so I would do R33,000 TFSA each and R17,000 discretionary each.

While the rest of the world is getting in supermarket fights over toilet paper, life at Just One Lap carries on. Lesego, who is only 24, is ready to start their investment journey. This week we hold their hand through their first tax-free purchase. We explain what tax-free accounts are, what ETFs are and why we like to go for a diverse, global investment.  If the investment world is new to you, you don't want to miss this episode. The video below is a deep-dive into tax-free investments, presented by Chuckles himself.  If you're buying ETFs at the moment, enjoy the sale. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Win of the week: Lesego I am completely clueless regarding tax free savings accounts. I went onto the easy equities app but I have no idea which ETF so even select or how everything actually works because I would like to invest before the end of the financial year. I listened to the podcast and they mentioned it won't be enough having just a tax free account so I would like to open a retirement annuity fund as well but have no cooking clue how to even delete a company for that. Jaco  Let's assume you are 35, earning R240,000 and have R33,000 pa to contribute to a TFSA or RA. Assuming fees and growth are the same, there's no difference between the two, since both funds grow tax-free until withdrawal.  If you reinvest the tax saving from the RA back into the RA, the RA value will naturally be higher at the end of the term due to the additional contributions. The higher amount will give you a bigger savings pot to draw an income from.  Is the higher savings amount available at retirement offset by the income tax payable in retirement on income? You need to look at the tax saving on the contributions and the tax payable on the income. Tax saving on contributions: A 35-year-old earning R240 000 pa will have a marginal tax rate of 26%. The tax saving/deduction on the R33 000 contribution is R8 580 (tax saving = contribution*marginal tax rate). The tax saving is 26%, which is equal to the marginal tax rate of 26%. So on contributions, your return on the saving of R33 000 is R8 580 (26%)  Income tax payable: At retirement age 60, if you keep your income at R240 000, your marginal tax rate will still be 26%. But the tax you pay on your retirement income will be taxed at your effective tax rate. A marginal tax rate of 26% is equal to an effective tax rate of 13.55% (the rate at which you pay tax). The effective tax rate is lower than the marginal tax rate due to the rebates and sliding tax scales. So the "cost" on your retirement income of R240 000 is R32 512 or 13.55% (R32 512/R240000). Based on the above, the tax saving on RA contributions is 26% or R41 580 (R33000+R8 580), and the tax payable on retirement income is 13.55% or R32 512. Because the tax saving is > the tax payable, contributing to an RA is net-net positive. I recommend if your marginal tax rate is above the tax-free threshold, and you are happy with Regulation 28 to first contribute to an RA.  The higher your marginal tax rate, the bigger the tax-saving, the bigger the benefit of contributing to an RA. If you have liquidity problems, earning an income below the tax-free threshold or want to increase your offshore/equity exposure, the TFSA is the better option. Joshua  What is the practical difference in taking money offshore using Interactive Brokers vs using EasyEquities USD Platform?  Do you suggest opening an offshore bank account and is this possible? The issue with the local banks offerings, for example FNB's linked Global account, is that interest is only earned at around 0.5%. Ollie In episode #178 you considered the options for a listener who was planning to move to the Netherlands. One of the options canvassed was the potential of leaving money in a TFSA in the event of a market decline prior to emigration.  One element of this approach not considered, is that the overseas jurisdiction may consider the account taxable, meaning that the tax-free benefit of saving through a TFSA will be negated from the moment that the person migrates to the new jurisdiction. This varies on a country by country basis but should probably be considered by anyone before planning on leaving money in a South African investment vehicle whilst living abroad.  Innes  Since I am a little risk averse given how high developed markets are - I decided to buy some of this NFGovi ETF in my TFSA (about 25%) to give it some more diversification and less risk (and to hopefully receive a better return than cash/interest due to it being linked to bonds). However, looking at the price graph over the last 6 months - the return has been the flattest thing I've ever seen. And the 5 year historical return looked so promising and consistent when I was deciding to invest! I thought that bonds (and bond ETFs) were supposed to be “more certain/safer” than equities and have a better return than cash. Why do you think the return for the govi has been so flat of late? Do you think this would continue to be flat if SA is downgraded to junk status? I know you referred to the Ashburton 1200 as one of your favourite ETFs - would there be a certain bond or bond etf you would recommend and why? Are bonds or bond ETFs maybe a waste of time given their low (and not so certain) returns? Maybe I should be buying bonds and not bond ETFs? What platform would you recommend using to buy bonds? (If you would recommend them at all). Hugo  I love the innovation behind the product, one which will hopefully create a revolution in the investment domain. I am a bit underwhelmed though with the fee structure of the product during the initial build-up phase of the portfolio. There are current providers who can offer RAs with fees less than 1.5%, (10X and Sygnia come to mind) from the first rand invested. Sygnia does there Skeleton 70 product for example at 0.55% all in. Why not invest with a cheaper provider until you reach an amount where Outvest become cheaper, then make the switch? For example: R1 – R 818 000 at Sygnia = 0.55% / annum R818 000 @ 0.55% = R4500 (Outvest cap) R 818 000 to infinity at Outvest = 0.55% (decreasing to 0.2%) We have to assume that the funds invested in are of course all the same – and I think we can argue that Reg28 investments, whether aggressive or moderate or low risk, will all more or less perform the same. Am I missing something? Eleanore  I would like to transfer my RA from Allan Gray to Sygnia. Both Ag & Sygnia's forms ask about a unit transfer. I'm not sure what to select. Assuming a unit transfer is possible in this case (for a transfer from AG Balanced Fund to Sygnia Skeleton Balanced 70 Fund), should I select this? Which is best, a cash or unit transfer? I don't want to make a mistake and diminish my Retirement savings at this point due to a transfer mishap. Robin I received an Insurance payout which I have placed in an Investec Fixed deposit, drawing a compound interest of around 7.5%.  We've bought two apartments off-plan in Cape Town, which will only be ready for handover towards the end of 2022. I've made upfront payments of 25% and 50% respectively on the apartments. These funds are sitting in the Conveyancers Trust Account drawing a 7.8% compounded interest per year. I am unable to touch this.  Would it be better to move the money that is sitting in my Investec account into one ETF or a group of ETFs for three years. Or should I hold these funds where they are at the moment?  My feeling was to keep it in a secure environment so I will be in a position to pay off the properties completely, and then draw rental income.  However, the income derived from the Investec investment will be taxable, which will be lumped together with my other SA rental based income. Together the total income will be around R320K for the year.  Should I put the R320K into my RA? When the time comes to settle the payment on the apartments at the end of 2022 I'll draw from my Unit Trust Investment to settle the difference, or repatriate funds from my overseas investment. If I keep it in the Investec fixed deposit I will end up paying around R63,853.00 in tax. One of your listeners from China (Podcast #169) was inquiring about where he can invest using Euros or USD. As an expat I use Internaxx - based in Luxembourg - https://en.internaxx.com  where I buy my international ETFs and stocks. I trust this will help your listener (sorry I don't recall his name I was listening while walking). Steven noticed we prefer ETFs to unit trusts and wants to know why.  Eugene is keen on opening a TFSA for his spouse. He's not keen on using EE, so he wants to know who else we can recommend. 

A Soroksári út elején található, szebb időket is megélt komplexum is vágóhídra került, épp egy lakópark épül a helyén. Az 1872-ben épült létesítmény az utolsó éveiben másodvirágzását élte, a budapesti underground zenei színtér jelentős része, több száz zenekar próbált a vágóhíd területén, ahol még lemezt is fel lehetett venni az R33 stúdiójában. A bejáratnál egy … A Közvágóhíd olvasásának folytatása →

A Soroksári út elején található, szebb időket is megélt komplexum is vágóhídra került, épp egy lakópark épül a helyén. Az 1872-ben épült létesítmény az utolsó éveiben másodvirágzását élte, a budapesti underground zenei színtér jelentős része, több száz zenekar próbált a vágóhíd területén, ahol még lemezt is fel lehetett venni az R33 stúdiójában. A bejáratnál egy … A Közvágóhíd olvasásának folytatása →

With the resounding success of the Nissan R32 GTR, it was time to design a follow up. Lucky for Nissan, the R32 was just the beginning. In this episode, James, Nolan and Joe discuss the underrated R33 and why it deserves more love, the Legendary R34 and all its special editions, and the R35, the car responsible in part for the birth of car Youtube. Nolan also blows his nose. Follow James on IG and Twitter @jamespumphrey Follow Nolan on IG and Twitter @nolanjsykes Follow Donut @donutmedia, and subscribe to our Youtube and Facebook channels!  Learn more about your ad choices. Visit megaphone.fm/adchoices

The end of the year is a good time to take stock of how things went financially. At the beginning of 2018, Simon and I discussed our money resolutions for the year. At the end of last year, we revisited some of our financial assumptions.  To wrap up our 2019 Fat Wallet year, we once again discuss our personal finances and which assumptions we've come to challenge throughout the year. For me, learning to relax is always a challenge. I spent a lot of money on a holiday and it took me a while to realise that my financial journey is only for me. I don't need to justify my choices to anyone and if I want to spend a fortune on a holiday, I damn well will.  I'm also starting to be a bit more sceptical of smart beta ETF strategies. After three years of writing the ETF blog, I've looked under many hoods and heard many explanations of why a particular investment strategy is simply perfect—on paper. With a market trending sideways for an absurd number of years, these strategies should have come into their own, so why haven't they? Colour me weary.  We will record a few, short episodes to ensure that you get your Fat Wallet fix throughout the holidays, but this is the last full one for the year. With that, we'd like to thank you so much for your support and participation for another full year. This show is community-driven in every way and wouldn't exist without you. We appreciate every single download, email, tweet and visit. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Bleeped version is here. Win of the week: Anna I finally decided to start investing after listening to your show.  I am starting by maxing out my R33 000 tax free for this year.  While researching tax free accounts I came across an article on Stealthy Wealth "what these 9 experts hold on their TFSAs" Simon holds Satrix prop 31.8%, Ashburton Global 1200 36.6% and sygnia itrix MSCI world ETF 29.5%. I then decided to research the fund fact sheets of each one and noticed that the Ashburton 1200 and Sygnia itrix MSCI basically invest in the same companies just at different percentages.  I'm totally new to this so what am I missing? Isn't that then just investing in basically the same product if their holdings are basically the same? What would the reasons be in investing in both these options? Colin My parents are reaching retirement age. They mostly worked government jobs and have decent government pensions.  They have a portfolio of properties which is supposed to be their retirement income along with the pensions. They've kept the bonds maxed and used the allowable tax deductions through the years really well. Getting closer to retirement age, larger chunks of the bonds are getting paid up, as they are going to need to start drawing an income from it within the next five years. They are finding it more and more difficult to find enough deductions on the property alone to cover the profit. Should they take the money out of the access bonds and put it into a fixed savings? At Tyme bank they'll get 9.75% for 100k and the remainder with African bank where you get 9.2% on a two-year fixed deposit. (5 year fixed at 10.75%, but wouldn't want their money tied up for that long this close to retirement).  By doing this they'll minimising the profit made on the properties as the interest paid will be much higher with the bonds still being maxed.  To wipe out the remaining profit made, calculate what's needed in RA contributions to have enough deductions to get as close to making a loss as possible annually. If they're moving R2m out of the bonds/mortgages they're going to be paying tax on the interest earned in any case. So they could then just take 200k odd out each into fixed savings, 30k each into TFSA, they left with R1.5m sitting in bonds/mortgages. Come retirement they could just take the money out of the TFSA and fixed accounts to pay off the bond. Should they put a lump sum into a RA to offset the profit made? What would be the best way to mitigate the tax payable? Emmanuel  My wife and I have maxed out our TFSAs (ASHEQ and Satrix MSCI) and we are looking for the next best thing to do with the extra income. What is your ideal framework for extra income investment after TFSA?  Normal/discretionary long term investments (ideally for withdrawal between 40-55, if it is favourable) and RA Did you ever find the answer to the tax efficient way to invest in RAs? Is the 27.5% the best option assuming emergency fund and other needs are in place. He's currently building his DIY RA on Sygnia. Here's what he has: Kyle We systematically worked through our expenses and 30 minutes later, viola!!! A revised budget, with greens all around. The next step was putting the plan into action and one month later, most of the plan have been executed... which included amongst other things: Cutting back on food budget (we don't eat less, just buying more efficiently – Yes, 50% off Checkers meals is our thing now) Changing bank account to Capitec – Full time (changing debit orders wasn't as cumbersome as I thought) Reducing airtime allocation Reducing internet speeds Paying up and cancelling ALL retails accounts Changing to a cheaper gym Driving less, reducing fuel allocation Consolidating and changing insurance Retirement savings remained the same (RA and TFSA for both of us) Short term savings reduced by 80% (but we are still trying to save as much as we can, even with one income) While the process is ongoing and it hasn't been easy, what I'm most grateful for is that bloody complex-as-all-hell budget spreadsheet.   If you lectured Budgeting 101 to the masses, how would that lecture go down? What do your budgets look like? How is it structured? Excel? Paper? What are the must have categories or line items and do you do your allocations down to the R1 like I do or is it a little more of an estimate. Would love to hear your take on this one.

Keith Cohen from the Mom's Spaghetti podcast begins to count down his Top 100 from the calendar year 2019! The rules were that each song needed to be released in 2019, and had to be featured on Mom's Spaghetti. All songs can be found on the Spotify or Apple Music playlist "2019 Top 100: Part I" (https://open.spotify.com/playlist/0MxTtokKG7UxHPHpgNLaAG?si=YxNQPD7DQsedT1dJt80Jcg ~or~ https://music.apple.com/library/playlist/p.QvDQY5RCVb5kv1D)2:45 I'm Good -- GRiZ4:15 5:3666 -- Machine Gun Kelly, phem5:27 Don't Check on Me -- Chris Brown, Justin Bieber, Ink6:43 Worst Mistakes -- Josh A, Iamjakehill8:04 Fast -- Juice WRLD9:18 Phone Numbers -- Dominic Fike, Kenny Beats10:37 Grateful -- EMAN8, Forrest.12:03 Only Human -- Jonas Brothers13:25 Rock Witchu -- PRETTYMUCH14:44 Don't Call Me Up -- Mabel15:34 All the Lies -- Alok, Felix Jaehn, The Vamps16:42 Younger -- Jonas Blue, HRVY18:18 HEY CHILD -- X Ambassadors19:14 Look What God Gave Her -- Thomas Rhett20:08 Faith -- Galantis, Dolly Parton, Mr. Probz21:19 Bones -- Galantis, OneRepublic22:51 Wave -- Meghan Trainor, Mike Sabath23:59 U & Us -- Quinn XCII25:18 Love Strong -- Elijah Woods x Jamie Fine26:41 NORTHSIDE -- Ama Lou27:33 Fuck No -- 99 Neighbors, Brasstracks, PhiloSofie29:04 Lying -- PRETTYMUCH, Lil Tjay29:50 Good Time -- Ocean Park Standoff30:41 Exoskeleton -- Bensbeendead.31:33 Rum N Tequila -- John K32:14 I'm Alright -- Brasstracks, R.LUM.R33:15 friends -- Kayden34:14 Motivation -- Normani35:13 On My Way -- Alan Walker, Sabrina Carpenter, Farruko36:26 Coke & Henny Pt. 2 -- Pink Sweat$37:21 Freak -- Avicii, Bonn38:21 Waste Your Time -- Conor Maynard39:20 Running the Streets -- Rick Ross, A Boogie Wit da Hoodie, Denzel Curry40:51 West Coast -- G-Eazy, Blueface41:46 Like Strangers Do -- AJ Mitchell42:43 Civil War -- Russ44:05 Almost There -- The NGHBRS45:10 Endless Summer -- Cashae, Kiddo Al46:18 What I Like About You -- Jonas Blue, Theresa Rex47:15 Louder -- CVBZ48:17 Can't Bring Me Down -- Quintino49:36 Summer Days -- Martin Garrix, Fall Out Boy, Macklemore50:36 Used to Love -- Martin Garrix, Dean Lewis52:13 It's Alright -- Motel 753:08 Bacc At It Again -- Yella Beezy, Quavo, Gucci Mane54:00 100 Bad Days -- AJR55:05 Wasting Time -- Goody Grace56:28 Kills Me Slowly -- The Chainsmokers57:26 Treehouse -- James Arthur, Ty Dolla $ign, Shotty Horroh58:29 Panini -- Lil Nas X See acast.com/privacy for privacy and opt-out information.

Tax-free savings accounts have an annual limit of R33,000 per year and a lifetime limit of R500,000. It will take 15 years' full contribution to reach that limit. The money in a tax-free savings account is not liable to any tax, except VAT on brokerage. For as long as you hold the account, you pay no dividend withholding tax, income tax or tax on capital gains. While you can't make up the contributions you missed, you can continue contributing to the account until you reach your lifetime limit - however long that may take.  The tax savings on these accounts is what makes them so indispensable to a long-term portfolio, but that by no means implies that these accounts are only for those with a long-term investment horizon. The tax savings start from your first dividend payment, which means they are for everyone who prefers not to give 20% of their dividend to the government. If you listen to this podcast, we're assuming that's you.  Can you be too old for a tax-free account? In this episode, we argue these accounts are not age-dependent. We also spend some time discussing appropriate asset classes as you get older. As Patrick Mckay likes to point out, the tax-free allocation is the last money you ever want to use. If you're in your 70s, that probably gives you an investment horizon of 10 years or longer. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Joyfully Prosperous is wondering how to handle his mom's TFSA account. My mum is 78 years old. Does it make sense to open a TFSA account in her name? If so, would the Satrix 40 ETF be a better option than the Satrix Property (SA) ETF considering that the tax-free benefit will fall away eventually when we inherit shares from the estate. Win of the week: Jennifer from New York. I want to express my deep appreciation to you and the Fat Wallet crew for such a thoughtful and informative podcast. I am 42 and live in New York City. I came across your podcast in a blog post last year while searching for English-language personal finance podcasts from around the world.  I'm painfully aware that my knowledge and cultural biases around finance have been molded by media sources that function as if the United States is the only country in the world that matters. Through the Fat Wallet Show, I have learned about topics specific to South Africa, and have found connections between those topics and issues we deal with here in the U.S.  In a recent episode, you discussed the fact that some banks to intentionally mislead customers by stating misleading interest rates. Simon pointed out that in the UK, institutions are required to disclose the APR (Annual Percentage Rate). Here in the U.S., banks must also disclose the APR, a fact that I have taken for granted until I heard to this episode. I did a little googling and discovered that in the U.S., this mandatory disclosure only became law in 1968.  This is consumer protection I'm certain most everyone my age here takes for granted. In addition, I am humbled by your resolve to continue steadily investing through a years-long economic downturn, a situation which we very well may face here at some point. My work colleagues are quick to stop contributing to their retirement accounts as soon as there is any slight downturn in the S&P 500, such as what happened at the end of last year. And of course, they only resume investing when the markets are back up. When the U.S. does enter a real recession, I plan to continue dollar cost averaging into my index funds. I understand that is easier said than done, but I hope I am able to be as steadfast as you are. As a side note, I've realized that my current top three financial podcasts seem to have a common theme - they are all hosted by women with journalism backgrounds! The Fat Wallet Show Afford Anything (hosted by Paula Pant) This Is Uncomfortable (hosted by Reema Khrais) Keep up the excellent work, and again, thank you from the bottom of my heart.  If you or Simon ever find yourself in New York City, I'd be happy to take you out for coffee (good coffee, of course).  :) P.S. Please tell Simon that we here in New York also cannot stand the Orange Man. I must constantly remind myself, although it is a small comfort, that he did not win the popular vote. :( Kea  What do you think of a trust for shares? I am getting married in September. It is difficult for me to convince her family to marry out of community of property. I want to open a trust to put my ETFs in it. My partner and I have different views about money, I am a saver and she is a spender. I intend paying University and school fees for our children with this investment and am scared she might have different views about the use of this ETFs. What are the disadvantages and advantages of having ETFs in a trust? Hong Kong Hans I'm a new listener and new to researching. I live abroad, so can't deal directly with South African products, but I've learned so much general knowledge from your show and enjoy it tremendously. You've mentioned several times that buying shares in a company entitles you to a share in the profit. How are we to understand companies that don't pay dividends despite turning a profit? For example, facebook has pretty decent profits, yet have never paid dividends at all. Fried So thanks to you guys, I moved my (and my wife's) RA to 10x. Was quick and painless and didn't cost too much. The IT3(a) I received from Sanlam assigned the SARS code 3920 - RETIREMENT FUND LUMP SUM WITHDRAWAL BENEFIT. There's another spot where the code is 3699 but I can't find a description of it on SARS' website.  I didn't withdraw that money, it was transferred directly to 10x, it didn't touch my account. I'm really concerned about this and hope that you would be able to answer 2 questions, and hopefully set my mind at ease. According to the IT3(a), the lump sum is taxable. Do I now have to pay tax on that money? On money that moved from one provider to another?  Will this lump sum withdrawal affect my tax-free withdrawal limit when I eventually retire in 44 years, 17 months and 24 days? Victor Would the following scenario then make sense as a retirement strategy? My partner retires two years before me. I continue to work and we cover our living expenses using my salary during this time.  When I retire two years later, we draw down from her retirement savings (which should then be taxed at a lower rate) to cover our living expenses. Then when I have been retired for two years without earning a salary we start drawing down from my retirement savings as well. Rudolph What criteria is used to regard one market as "developed" and another as "emerging"? Does gross domestic product or gross national product per capita play a role, what is the cut-off point? Are EMs more susceptible to global market volatility, in comparison to DMs? If so, what causes such? Could it be that, their markets, assets, and level-caps, are smaller, therefore less resistant to shocks and volatility? What type of stocks or asset classes are more profitable in EMs as opposed to DMs?  In what instance would you rather hold debt and equity in EMs? If the yield is higher in EMs, what determines such yield? How is such yield influenced by political, interest rate, and exchange rate risk? Rob As a result I now have about 80% saved in cash and the rest in various ETFs.  I have made the decision to transfer the entire 80% that is in cash into my EasyEquities account and have submitted the relevant forms to EE and FNB already. Once the cash has been transferred to my EE trading account, should I purchase one or more ETFs immediately or should I buy smaller numbers of shares at a time in order to phase in my investment? One of my concerns with phasing in is that any cash I have not used to buy shares will attract a cash management fee from EE of 1.75% and only accrue interest of prime minus 3.5%.

Simon Shares Solid Stor-Age (JSE code: SSS) results from a stock I have largely ignored and been wrong about. Interesting TymeBank presentation from African Rainbow Capital (JSE code: AIL).  Lonmin (JSE code: LON) is gone, taken over by Sibanye Gold (JSE code: SGL). Lonmin has a consolidation adjusted all time high of over R33,000, exiting at 1480c. They also had a US$10billion offer in August 2008 that they rejected. Market cap now, R4billion or about US$265million. Unpacking the Satrix property ETF ~ STXPRO Retire: Playing catch-up Upcoming events; 20 June ~ JSE Power Hour: Trade the trade wars 18 July ~ JSE Power Hour: How to invest offshore with the JSE Suspended Tongaat (JSE code: TON) suspended. Choppies (JSE code: CHP) suspended. Group5 (JSE code: GRF) suspended. Rockwell Diamonds (JSE code: RDI) suspended. Basil Read (JSE code: BSR) suspended. Esor (JSE code: ESR) suspended. Firestone Energy (JSE code: FSE) suspended. Freedom Property Fund (JSE code: FDP) suspended. I'll stop there because you get the picture, I want to talk of the warnings signs, why they get suspended and what hope is there for the future. The why? Business rescue Breach f JSE listing rules, such as late results Request from the company Sensitive information leaked into the market Now what? Depends on the why, many do eventually come back but battered and bruised. For now you're unable to sell (or buy) any shares and will have to wait for the listing to resume. How long? Usually way longer than management promise. If it's business rescue then it's probably forever. late results eventually they get it together, but it takes time, lots of it. Sensitive information is usually fairly quick to return to the market. How to avoid holding a suspended share? Watch for those late results. The JSE gives three months but then always gives an extra month, so effectively four. If a stock can't publish results within four months then why do you own it? What about derivative traders with open positions? You're in a heap of pain. Either long or short you now can't get out and the best advice is to avoid trading stocks due to single event risk such as a share being suspended. Steinhoff? Why isn't Steinhoff (JSE code: SNH) suspended? Because they also trade on the German exchange and they have seriously lax rules, so they don't suspend. Suspending Steinhoff locally when it still trades in Europe would prejudice local shareholders. Subscriber to our feed here Subscribe or review us in iTunes JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

Tax rebates, bonuses and inheritances really throw us for a loop. Most of us have every cent of our salary allocated to some higher purpose, but the moment we find ourselves with a big hunk of cash, we get in our own heads. We all know what we should do with the money, except because this is magical unicorn money we don't. We get questions about lump sum investments so often that we decided it's time to devote an entire episode to it. In short: the math says invest it all at once as soon as possible. If your emotions tell you to do otherwise, however, you should probably pay attention to them first. We talk about our friend Hendrik's blog tigersonagoldenleash.co.za in this episode. Andrew I just received 10 months worth of salary as a bonus. I currently have money invested in my portfolio. I'm trying to decide how to go about investing my bonus. Should I chuck the entire amount in now? (Keep in mind my TFSA is maxed out for 2018, and I plan on investing R33 000 on 1 March) or should I average it out over a few months? Also keep in mind that I have no debt. Win of the week: Nadia I listened to the show about my question and I just want to say thanks a million! You guys helped a lot with my decision and I have decided not to get involved with Forex trading. I first need to focus on my TFSA and make sure I understand all the ETFs I have chosen to invest in. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. David Love the show. I have a question for you relating to picking a Global ETF. I have an Easy Equities Account and have access to investing in ETFs listed on the NYSE. I was looking at the Vanguard Total World Stock ETF on the USD account and comparing it to the Ashburton 1200 on the ZAR account. The TER is significantly cheaper for the Vanguard ETF – 0.1% vs. 0.45%. The weighting of the constituents of each ETF are quite similar although the Vanguard has over 8,000 stocks where the Ashburton has over 1,200 stocks which makes it attractive to have more exposure globally. My feeling is that in the long run, it's probably worth moving all my investment offshore (into USD) into the Vanguard ETF if I follow the concept of one ETF to rule them all because of the low cost of running the ETF. What risks other than a strengthen Rand or having a Will in place in the USA to transfer the funds in the event of death would you foresee? How would the tax on dividends / Capital Gains be affected? Hannes I recently received a severance package. This money is considered "tax free income" because of a SARS tax directive, which seems to be common with severance packages. It's been lying in a savings account, and I'd like to know what you think is the most tax-efficient way to put that money to work. I don't have any investments and no emergency fund. The savings referred to above is currently my emergency fund. The only debt I have is car debt, a monthly expense of R2400. No bond either. The amount is just enough to max out my TFSA for the 2018 tax year ending in February as well as settle my car debt completely, but then I have no more savings / emergency fund left at all. However I can quickly build up an emergency fund, or to rather contribute aggressively to my car debt with a monthly contribution if I decide to not settle. It seems crazy dropping a huge amount on my car debt to settle it considering the small monthly repayment, but it's also something I want to get rid of ASAP as it allows for more savings, less essential expenses and more cashflow when I'm rid of the repayment. The risk of course is that I will be stuck without savings / emergency fund for a few months until I can build it up again. I do have a credit card. Not quite sure what the best course of action is. Should I rather leave the debt as is and invest with this "tax free income"? Minnaar I would like to understand how a property-based ETF actually distributes the income that it gets from rentals? How does the ETF distribute this to holders of the product? Is it in the form of a dividend? Can you explain like I am 5 why some people think investing in REIT properties are a good idea in a TFSA? Dave I discovered that you can buy REITSs via unit trusts, exchange traded funds or standalones directly from your stockbroker or financial advisor or a site like EasyEquities.  I can see a sort of hierarchy here but just don't get it. Are earnings from REITs rental income or dividends? I can appreciate that if held in a property owning company the earnings would be in divs.  But if held by a unit trust how would rental earnings be paid? Phil I love this podcast and this a wonderful public service you're offering to all South Africa. Even though I'm in the UK and a lot of the advice can't be directly applied the thinking still applies and continues to push my thinking. I want to share stuff that changed my financial life which was given a wake-up call after I took a massive hit on RA when I financially emigrated and was confronted with just how far behind I was. Painful stuff, and wish I had a podcast like yours to point me in the right direction at the time. I wanted to share some references I use in the UK that I think would be very useful for reference in your offering to the public as well: - The go-to reddit (I know, don't take advice from unknown muppets, but it's good) for me is  /r/ukpersonalfinance/. In particular I love the UK Personal Finance Flowchart and it's interactive version (which is opensource on github btw...). This flowchart is awesome for visualising where you are on the maturity scale. Super helped my wife with her "O, fok!" moment. - The second source I love is  moneysavingexpert.com. It's a bit of a marketing-hidden-like-advice site, but it's got some gold-level guides on finance basics for people who were never shown how the basics work. - The more extreme sites are FIRE the based, but drastically shifted my thinking on what retirement means, in particular @firevlondon on twitter is an interesting feed I follow with monevator.com to frame my thinking on passive investment.   Melissa I already have some investments with Easy Equities, so just decided to move some funds around so that I can put the full R33 000 in for the 2018 tax year. I am a bit confused about the limit of R33 000 and the fees involved. When I bought my TFSA ETFs the admin/brokerage fees were deducted and my investment amount only shows as R32 877 (R123 admin fee). I know it is a small difference, but I would like to utilise the full R33 000 that I am allowed for the year. Easy equities however does not allow me to invest any more funds into this account. Do you have any clarity whether this R33k limit includes the administration fees? André I heard you say you had to re-open your FNB account because you have and FNB flexi bond. Not sure what the exact reason is but thought I will share this. You do not need an FNB account to withdraw from your FNB bond. I also have an FNB flexi bond and I nominated an account at a different institution and I have withdrawn from the bond directly into that account. Fanie I'm nearly 70 and earn the biggest part of my income from the following ETFs: PREFTX, PTXTEN and STPROP. You mentioned that because PREFTX consist of many banking pref shares there is a risk should we get downgraded to junk status by all the  rating agencies. I understand that a junk grading will affect our total banking system negatively in that interest rates will go up. What do you think will be the effect of a downgrade on my income from PREFTX. Chris What stops me from opening a tax free savings account with a overseas fund managers like JP Morgan, Investco, Black Rock etc? What are the tax implications for me as a non-resident in an international based etf tfsa? What are the risks and is it something worth investigating? Conette I am 55 and work for a big bank group, with lots of good benefits. My emergency funds sorted out and bond debt almost covered. I want to open a Tax Free Savings (ETFs) account with Easy Equities . I please need your assistance in my ETF selection? I intend not to 'touch' the investment in the next 15 to 20 years. Jo I am in the process of shifting my RA around and moving away from unit trusts and into ETFs. I started investing in an RA as soon as I started working, but unfortunately I thought they were very one size fits all and so it's all sitting in unit trusts with fees of around 3.8%. While digging more into finance I came across a TED talk by a doctor in Australia who pointed out that most people's retirement funds are invested in British American Tobacco (BAT). So I looked up the current funds I am invested in and my current unit trust, my work provident fund and the new ETF I was looking into for my RA all invest more than 1% into BAT. This is pretty disappointing to me. I can guarantee that a large percentage of the general populace wouldn't invest in tobacco if they had the option. And yet they are unwittingly helping fund the industry. I have tried to do some googling for green funds in SA but haven't really come across anything. I realize that I could just build my own RA by picking shares but would much rather choose an ETF. I would also not like to pay exorbitant fees just to avoid investing in unethical companies. Maybe I will have to suck it up and offset my investment in BAT with charitable donations to cancer research. ;) Jon-Luke Is it possible to transfer ETFs that you already own into your Tax Free Savings without having to sell them first? Rudolph wants to know if yield rise or fall with quantitative easing.

I'm often curious about the finances of people who want to take on some alternative way of making money in financial markets - be it trading or Bitcoin. More often than not, people who are convinced that a single asset or event will solve all their problems don't yet have solid a financial foundation. Similarly, people who do have a strong handle on their finances tend to favour simplicity, as this interview with Patrick McKay illustrates. Just One Lap had its origins as a trading education platform. Even so, trading is not something we encourage most people to do. For one, the amount of money required to start a robust trading account can easily fund a real world small business. Secondly, all the psychological factors that make investing hard are present in trading, but on a daily basis under huge time constraints. Unless you have the time and money to devote your life to it, trading is probably not for you. A question about a Forex training platform from Nadia inspired a discussion about the realities of trading that most people don't think about. We mention our Trading Boot Camp series, as well as this series of CFD Conversations. Clean swearing bleeped out show is below. https://justonelap.com/wp-content/uploads/2019/02/TheFatWalletShow_134_20190211_bleeped.mp3 Win of the week is Christiaan I am 17 years old and in Matric now. After listening to so many of your podcasts I have this vision of being financially independent before I am 35. I am in the process of opening a Tax free saving account at EasyEquities and the plan is to invest my money from the get go. I will have a good head start when I get to varsity next year as I will receive free tuition at UP and my parents own a house close to the Uni where I will be able to stay. I do odd jobs here and there and save all my money and receive a small amount of money from my parents as pocket money that I have to sustain myself, buy my own food at school and pay for extra murals. This amount is just under the amount I need to pay tax so I am good there. I worked out that it will take me just a little bit more than 15 years to max out my tax-free savings account if I pay the full R33,000 a year (will be maxed out when I am 33). My problem is, if I do this there will by no more money left for a RA. Is it necessary to open a RA now as I am not even 20 yet and don't earn a huge amount of money? Or wait until I maxed out my TFSA and then move the budgeted money I used to put there to my RA? Nadia I want to please get your opinion on a company called XXX. I've been trying to get proper feedback on them for weeks now but I can't seem to get an answer. It's a company that trains people to trade Forex. You pay to access a number of training videos, live sessions, tools they use to trade etc. So it really sounds awesome and apparently the education side of it is really great. But then I find the google reviews that say that it is all a scam and that they just take your money... which is why I am confused. There are some people who say that it is a great product because they really go in depth to show you how trading is done etc. As far as I know, you pay a monthly subscription fee to be able to use the education platform and then also the tools and programs they use to trade. You can cancel at any time and they money you make from your trades belongs to you. The only way this company makes money is from the monthly subscription you pay. It's pretty expensive so i'm not sure if I should just go for it and see what happens or if I should forget about it. So yes... i'm pretty confused. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Our Tax Elf De Wet has decided to give up a cushy corporate to take his Tax Elving more seriously. I need a strong emergency fund (something which was not as important with my current job). I'm looking at having 6 to 12 months expenses saved up over time. Where do I invest this money? I'm looking to save half myself and keep half in my wife's, as this makes issues on death easier (joint accounts get frozen and the like). This also potentially spreads the interest exemption. The plan is to save a percentage of all income on a monthly basis till I reach the threshold / top up as extra income comes in. Emergency Fund is the main goal in the first year working for myself. I will use some of Sam's knowledge and save for various items in this fund – car related expenses, emergencies, and other non-fun stuff. We will have a separate fun fund (this will be managed by my wife as she is in charge of fun and I look after life). Like me, Seilatsatsi is trying to find the perfect balance between RA and bond contributions. They say: Finding your podcast has so far been the best find of 2019 following the best find of 2018 which was Stealthy's site when I started my FIRE movement. I don't have a company pension fund. I currently manage my own with an RA, a TFSA and an EE account. I pay more than double on my bond. One of your listeners noted that one can submit their RA contribution to HR and have the rebate on a monthly basis compared to once annually. With this option, I am wondering if I should work it out as below: Stop the extra bond contribution and redirect that to the RA. If the monthly rebate works through my employer, I can put the extra monthly tax break back into the bond. I am very disciplined and this would actually be done. Another Engineer has some questions regarding tax on property and RA emigration. You mentioned that one can transfer an RA offshore, to another type of pension, and I understood that you meant that you wouldn't have to pay the tax. I've looked it up, and one cannot 'transfer' an RA offshore before retirement; you can have it paid out in cash, take the tax knock, and then take it offshore, IF you have financially emigrated. However, if you have a work pension fund, it seems you can take the cash (minus tax) when you resign, without having to have financially emigrated. I assume after 55, if you wanted to cash it out, you also have to turn it to cash, take the tax knock (which will be less than before 55), and then take it out. You mentioned that listed property distributions are taxed as interest. I think it's actually taxed straight as income, not interest? Unless I'm not understanding what you meant. The property distributions are not part of your interest exemption etc, I think it gets added straight to your "gross income", with your salary etc. Tax Emigration - Part One Edward is currently living in Australia but planning to move back home soon. I currently live in Australia but will likely have to return to South Africa a few years from now to look after my parents. I want to start contributing to a tax free savings account but I don't have a South African address which is required for FICA. Is there any way to open a tax free savings account while living in another country? Could I maybe use my parents' address? Would EasyEquities be an option for my TFSA? Phemelo could relate to last week's episode on starting over. The podcast "starting over" summarises what I have been trying to do from end of July to now. I thought I had a formula, the grand idea that was going to save me, namely to Increase my income by a huge margin. A prospective employer entertained my suggested offer of a huge increase in my annually CTC. In Dec 2018 I was flown to Cape Town for final interview. The interview went well, but then the phone call came on 18:38 Friday evening, telling me they “will not be advancing the offer". I was distraught and shattered. All my plans went out the window. This one job was supposed to take me to the promised land and now "I am starting over", but I remain positive. Darryn wants to know what account he should use to save for fun stuff. I struggle reading financial products at the best of times due to time and also pure laziness, my questions are: Is there a specific a account or company you use yourself for this? Can I just use a savings account on the 22/7 app? Are they good? Is there a specific type of account to use? If saving for a new car and a holiday to Cuba would you put those in separate accounts? Steve is planning to do some tax harvesting. I heard about the EasyEquities inter-account transfers function between normal accounts and TFSA, so I sold enough ETFs from my other account to transfer to TFSA. I know ETFs are not sold and converted instantly -  I figured T+2 or T+3. When the money didn't appear, I logged a ticket. I got a reply that the money would only be cleared on 13 Feb, which would be 8 business days later. Is this normal and if so, why so long? I am building my kids' education funds in ETFs,  but am mindful of the CGT I will need to pay when cashing in.   Considering there is a 40k per year allowance, I was planning on selling and rebasing the funds at times when the CGT liability would be close to the 40k. I am buying 6 ETFs per month for next 15 to 20 years. How would you suggest managing the CGT liability? I could keep a spreadsheet of each account and each ETF purchase ( x 3 per child per month etc – for 15 years ) -  or is there an easier way? For instance are the providers required to keep the CGT calculation updated for me? Always Abundant isn't so sure about the investment potential of property. I've compared the listed property index (J253  - since STXPRO does not go as far back) against the Satrix 40 over a 10 year period and found that property has performed half as well as equities. If this is generally the case in the long term, are there any merits to investing in a listed property ETF other than for diversification? The reason i am considering this is the added tax advantage for listed property in a TFSA. Hannes wants to know why your friend who sold everything in 2008 missed out. In episode 124 Simon talks about an acquaintance who sold everything in 2008, and asked to re-buy a few months ago. In that episode he states that "she missed everything", but I'm confused about this. I understand there was a massive market swing over the past 11 years, but long term investing dictates that you should hold, so why would she have missed everything if she would have just held through the swing to end up where the market was X years ago due to recent poor performance? Am I missing something here? Join our Fat Wallet Community.

Education is a tough nut to crack. It's an investment, to be sure, but just like any other investment, the rewards need to outweigh the risks. Unlike other investments, however, risk and reward are extremely difficult to measure in education. Private school kids could be doing better later in life because of their education or because they come from wealthy families that have access to everything from better nutrition to more free time. Parents will spare no expense to give their kids whatever they can to ensure their future success. Does that mean private schooling should be the goal for every parent, no matter the cost? I'm not convinced. In this episode, Simon and I try to put our childlessness to good use to try and answer whether a single kid's education should cost more than R100,000 per year. Our discussion was prompted by this excellent question from Edwin: I have three wonderful children and very high expectations that they will have better opportunities in life than I did. This I suppose is a normal aspiration for any parent. Is it worth spending large sums of cash to get my children premium private school education? The most expensive boarding schools cost over R200k per year and the premium day education can set one back about R100k per year. All figures per child! In the public system one can get away with costs that range between 50-70% less than this per child. Is it worth throwing everything at getting the kids this premium experience? Or maybe just get them an education that's good enough with a focus on getting into a University rather? The opportunity cost vs saving and investment is high. I attended one of these premium establishments and having it on my CV means it has opened a lot of doors and served me well. However, some of my classmates are in jail. One became a bank robber. Just not sure. Is it worth it? Win of the week is Tshembi. I have been listening since September 2018 and you have inspired me to get started on my financial freedom journey.I've always wanted to be an investor, but it was hard to find the right information and I was always scared of losing money. Listening to your show has given me confidence and I have gained knowledge on different types of investments products. I like sharing the information with my younger brother, because I don't want him to be left behind. Thank you for making it easy for me to learn and to be able to teach others. The  OUTstanding money series of articles has really helped me. For my birthday last year I decided to buy myself assets (Ashburton top40 & Ashburton MidCap ETFs with FNB Tax free shares account) instead of a gift. I'm so proud of myself for taking the first step to my financial freedom. However I have an Easy Equities account and I'd like to move my FNB TFSA to EasyEquities because its cheaper and you always talk about it in the show. I also want to be able to buy Ashburton Global 1200 ETF to get the international market exposure and since i'm just starting out i think this is the best ETF to choose. Will I be taxed for Ashburton Global 1200 ETF on a TFSA since it gives the international market exposure? How do I go about transferring my TFSA from FNB to Easy Equities? Helen also wanted to know about moving her TFSA from Capitec to EE. Nico took out a policy to pay for his kids' education and made a terrible discovery regarding his fees. He took out a Classic Saver Endowment Plan with Clientéle. He received his annual fee increase notification. Now that I know what to look for (thanks to your podcast) I saw that my fees are around 5.5%. I bought this policy 12 years ago through IFA, but about a year ago asked them to remove the IFA franchise fee of R65 and deposit that amount into the account as well (now directly from Clientele). I would like to have your input on the following.       My son will be in GR 11 next year (2019). Is it wise to move the money to an ETF now or should I keep the policy running?       If I must move the money, which funds would you suggest, keeping in mind the short time span until I will need it.       If I move, will the fees I save make a noticeable impact on the end amount?       I have an account with Easy Equities. Should I rather deposit extra money in that and leave the police as is? Donal needs to make a decision about his kids' studies. I'm an Irish citizen who is now a Permanent Resident, married with kids and a homeowner (well actually I'm a bond owner!). I have a very decent job, a healthy pension plan and both my wife and I max out our TFSA allowances (thanks to you guys!). I'm approx 15-25 years from retirement depending on how patient I am and/or how rich I become in the meantime. I have concerns about my kids' future prospects, especially when it comes to tertiary education. I'm planning for the worst case scenario that they have to go overseas for University. That brings the possibility that my wife and I may decide to move with them. I have been looking at starting to send some cash to Ireland on a monthly basis for investment for the next 15+ years so that we have a nest-egg for that possibility. Of course it's also a handy way of diversifying my current investment portfolio. I still hold an Irish bank account so I can easily use that account as my base for such an investment. My wife recently resigned from her job and started working with a new company. Her provident fund has now become available. I did get one of those light bulb moments and thought to myself - what a wonderful instant Irish nest egg this would be!! How cool would it be to just whack this lump sum over to my Irish account and invest it in an ETF so I don't have to worry my little head about sending monthly amounts over to Ireland for the next shitload of months! Am I crazy to even consider this or is it a good idea? I know there are a million and one different variables at play here which makes it such a difficult decision. For starters we would lose approximately R100,000 to tax if we were to withdraw the fund now. I know I would also be liable to pay CGT to SARS on any foreign investment growth. But the possibility of having an instant emergency fund available overseas is a nagging temptation that I can't get out of my head. Nakedi is 25, just completed her degree and got a three-year internship. She's starting her career with some student debt in the bag. She needs help on planning her future. She has student debt from the National Student Financial Aid Scheme (NSFAS). I did the math on my salary and expected expenses which leaves me in the red which is something I don't want.       NSFAS is quite reasonable when it comes to repayments and interest (at 80% of the repo rate), unlike a bank. Now should paying off my loan be top priority or start saving to build up my asset base?       The job requires that I have a car, which means more debt. I may do the work without a car for the first few months but as time goes by I will need it. In my current financial position it's highly unlikely that I would qualify for car finance, so how do I go about building a good credit record without drowning in debt?   Don't make the mistake I made here. Go second-hand immediately.         The job is in the corporate world which means formal wear, which means I have to go shopping.  Since my cash resources are limited I thought of getting a clothing account which means more debt, your thoughts?   Look up capsule wardrobes and put one together from second-hand clothes.           To avoid further costs I will staying at home but the house is in bad conditions so it will need major renovations which will require more money. Should I save up this or incur more debt?   A friend told me recently the best thing about staying in your own place is that you decide when you want to do things. Unless there's a structural issue like a leaky roof or a burst pipe, this can wait.         Both parents are unemployed which means I must chip in to help around the house.   Have a discussion with your folks about their expenses now and agree what you'll give them, instead of just giving money whenever. It makes it much easier to keep control of the money you have left. Since you live with them, just think of this as rent.         Lastly, every now and then everybody likes to go on a holiday, how do I save for this and still be able to invest for the long term. Any book recommendations on investing and personal finance, because there are thousands of books if not millions on the topic.   Manage Your Money Like a Fucking Grownup, by Sam Beckbessinger   Brian wants to know how his advanced voluntary contributions will be taxed. Advanced voluntary contributions is when you make additional contributions to your pension fund at work. How will advanced voluntary contributions paid into my defined contribution pension fund be treated in my tax breakdown once I retire? I expect to retire in 24 months. About ¼ of his pension fund is made up of AV contributions. If I cash in the allowed one third at retirement in full, will the AVC (which was after tax contribution) be tax free in this allowance? Ben is turning 30. He thinks it's time to be a money ninja. I had an epiphany over the holiday in needing to take better charge of my finances. I came across your site and then the podcast which is amazing, thank you so much! I'm trying to work through about one episode per day properly with notes etc. but still have a loooooooong way to go. I've done the "normal" thing up until now, as I haven't had a clue how any of this works. I have two voluntary investments, one with PSG and one with STANLIB, an RA with STANLIB, and a joint company with high school friends where we contribute monthly and pool that into something or other at Allan Gray. I'm sitting with excess money in my savings account (over and above my emergency fund) that I need to decide what to do with. Of that I'll probably do the R33 000 into an easy equities TFSA and go with the Ashburton 1200 for now (one ETF only to monitor and figure out like you suggested in episode 91). I'll probably monitor that and when I'm more comfortable invest a similar amount elsewhere through easy equities. What's annoying me at this point are the fees on the managed investments. Do I keep either of these? As I see it I have four options: Keep both these investments and see how things are going forward, in terms of markets and my literacy, and take it from there; Move the PSG funds over to the STANLIB account for now where the fees aren't as much, and monitor as above; Move the PSG funds over to the easyEquities platform where I can manage them myself, or Drop both of these investments and reinvest elsewhere. Always Abundant has a great question about dividend ETFs. I have never taken the time to understand dividend-focused ETFs e.g. Coreshares Dividend Aristocrats ETF. However, since the dividends in a TFSA are not subject to DWT, I wonder if they would then have a greater impact on making a TFSA more profitable overall? If so, how much of it is too much i.e should it replace your General Equity ETF? He also wants to know how the rand depreciates against the dollar. I've heard people mention an accepted overall rate of depreciation of the ZAR against USD over x years in the future. I don't recall the details so if you know it please share? Is this known with certainty that is must happen? Or is there an equal chance that it could go the other way too? Nadia has a question about the nationalisation of the Reserve Bank. Could you please how investments would be affected? I have a RA and Unit Trust with 10x. I also have a Tax free savings with Easy Equity. If government takes over everything, what does this mean for these investments? Should we all be taking our money overseas instead or will it be safe?   I also have a fixed deposit at Capitec and savings at FNB and I know these will probably be vulnerable but I'm not too clued up on how things would go if the reserve bank was nationalized. Any clarity and advice from you guys would be super amazing! Subscribe to our RSS feed here. Subscribe or rate us in iTunes.  

We're back for episode 76 of the Gears and Beers Podcast! The first bit of news we talk about this week is the official launch date of Mitch's favorite car, the new Suzuki Jimny. We then talk about Volkswagen only committing to one more generation of cars with Internal Combustion Engines as they're focusing on electric, and we briefly talk about the new LIME scooters taking over Brisbane. Then we talk about Nissan starting to remanufacture a selection of parts for R33 and R34 GTR's, adding to the existing R32 products. Then we talk about Rivian and their new electric vehicles targeting offroaders with an SUV and a Ute, which gets us talking about Elon Musk and Tesla. We then talk at great length about GM's new Silverado, and we have a split opinion on its styling. Joseph then talks about his future track day mods for his Toyota GT86, and his wheel crisis and Matt talks about his oil mistake. We then wrap up our 'Nameless Game' by discussing our favourite engines from the game, and we play one last round where we try and find the weirdest 4 cylinder cars. Find us on Facebook, Instagram, and Twitter. www.gearsandbeersmedia.com

  Save Squack's life! While the term “tax-free savings account” makes it seem like it's a savings product, you shouldn't think of them as savings accounts at all. There's nothing to be done about the confusing name, but this week we explain why we shouldn't use them to save cash. If you are under 65, the first R23,800 you earn in interest every year is exempt from tax. This is one of those little SARS gifts we really love. If your bank or savings vehicle offers you 6.75% in interest every year, you need R352,592 in cash before you start paying tax on your interest. Since you're limited to a R33,000 tax-free contribution every year, it will take 10 years' worth of contributions before you become liable for tax on the interest. In the case of share investments, you are liable for tax from the very first day. If you buy an ETF today and sell it tomorrow, you'll have to pay tax on any profit you make right away - either in the form of income tax or capital gains. You also pay dividend withholding tax of 20% right from the first dividend. In your lifetime your share investments will cost a lot more in tax than cash savings. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Richard I'm 24 and maxing out my tax free savings account with FNB for the past two years. I'm earning 6.75% interest After listening to the podcast it seems like you guys favour tax free investment into an ETF where dividends are reinvested tax free. What are the main advantages of tax free investing vs saving and would you recommend moving my current account into an investing platform? I currently have an EasyEquities account, where I have my taxable investments. Win of the week is Adam the actuary. I've been listening since the start of the Fat Wallet Show when I was just a second year at university and now I am graduating from my actuarial sciences honours degree. This is in part to you guys. Thank you for helping me get my degree. Your simple explanations of financial concepts have helped me in a couple of courses and tests (why can't you guys write textbooks??) Thank you for educating me. With your help, I have managed to support myself through university while building an emergency fund that has saved my ass in a couple of occasions!   Thank you for giving me confidence to stand up to my family to tell them that I am not going to be buying an apartment and that I am not getting myself into debt right out of university to buy a new car (I'm going to be driving my current one until I have to push it). Thank you for giving me a conscience. Your weekly chats about financial literacy and companies scamming their clients with unnecessary jargon and excessive fees have made me want to change the way insurance products are structured and made (Down with fees and nonsense). You have provided me the knowledge to wrestle control over my finances; knowledge that I never got from my parents. You have created a money conscious 22 year old that is ready to go into the working world and use your teachings. P.S. not all actuaries are boring Stefan I have a TFSA, a till death do us part ETF account, Till death do us part Share account, a share trading account and a derivative trading account. The company I work for does not offer any company benefits with regards to retirement investing. I was always under the impression that the only way you got a tax benefit for these is if it was part of your employment package and deducted from your income. From recent shows it sounds like If I got a retirement annuity on my own I would still get a tax break. Should I get something like this or just keep adding to the DIY account mentioned at the start of this mail? How do I get the tax break if there is one and which products do you recommend? Tax is the one area in my life that I am failing miserably in  and am pretty sure I am giving away a lot of free money due to my lack of knowledge. Herman wrote an algorithm to work out the tipping point where the tax you pay in retirement would be more than the tax you save contributing towards your retirement. He will write an article on his findings for justonelap.com in the next few months. Jan-Johan I'm considering making some of my monthly contributions into global property. I already have exposure in the local property market through the Proptrax 10 and Stanlib SA Property ETFs. My main reason for investing into property ETFs is the attractive yields. If Bloomberg is to be believed each global ETFs offer the following gross yields: Coreshares - 4.02%; Sygnia - 1.19%; Stanlib - 6.09%. Based on this, and after reviewing the costs of each ETF, I'm more inclined toward the Stanlib ETF. If I recall correctly you are invested in the Coreshares S&P Global property, is there anything specific than influenced your decision? I would really appreciate your input on my considerations. Gert made Kay a tax calculator. I was listening to your FWS #124 – Should we care about the bear? Kay asked the question about what percentage should be put aside for personal income tax. I'm hoping she will find the graph below useful: There seems to be a misconception that SARS' income tax brackets are like treads on a stair and that R1.00 above a certain threshold would put you in a different tax “bracket” altogether to be taxed at a much higher rate. I'm no tax expert (yes, I'm a civil engineer), but if we use these tax tables published by SARS: … and calculate the tax liability as a percentage, the graph would look like this: The two lines are for persons under and over 65 years of age. It's not 100% accurate, I know, but it's good enough for Kay to estimate her tax. The idea is to find your yearly taxable income (gross income, less allowable expenses) on the vertical (Y) axis. Assume you earn a taxable income of R 25,000.00 per month x 12 = R 300,000.00 per year, like you said in the show Find R 300,000.00 on the vertical axis and follow the line horizontally until you meet the curve for persons under 65 (black line) From that intersect, follow the vertical line down to find your effective tax rate. You might need a ruler for this. Your effective tax rate would be 16%. Using the formula would give you an answer of R 62,332.00, or 16,09%. Close enough for a solution not requiring a calculator. You can see the difference in tax between those in retirement (over 65) and those still to retire. Now you can put a value to the phrase “lower tax bracket in retirement”. From the example above, a person over 65 would be taxed at a marginal rate of 13.52% as opposed to 16.09%. For the same income, a person over 65 would be paying ± R 7,700.00 (or ±16%) per year less than a person under 65. There is a third category, those over 75, but the graph becomes too complicated, so I left it out. There is not really a different tax “bracket” or table for the each of the age groups. SARS allows you a “primary”, “secondary” and “tertiary” rebate, depending on your age (75) is R 24,354.00 It's evident from the graph that our personal income tax is not really divided into “brackets” like “steps”, but a smooth curve with a gradually increasing slope. There is a “kink” in the graph at the R 195,850.00 mark where the 26% tier kicks in, but it is not nearly as pronounced as I thought it would be. It's also a misconception that those earning over R 1,500,000.00 pays tax at a rate of 45%. True, the formula reads 45%, BUT the 45% only applies to the income EXCEEDING R 1,500,000.00. Do the calc and you'll see a person earning R 1,800,00.00 after deductions, pays an effective rate of 36% or so. Or you could just write a “black box” Excel formula or use an online calculator to spit out an answer: SA income tax calculator Brian What should one do when newer and better ETF products become available, particularly within the TFSA space? This is assuming that one's investing methodology hasn't changed. Surely one would have to keep up to date with new products as they become available? Even a 0.1% reduction can make a difference over time.   For example, when I started listening to your podcast, I started splitting my monthly allowance between Satrix40, Satrix World, and Satrix Emerging Markets. Now that the Ashburton 1200 ETF has arrived which seems to bundle the World and EM into one, what do you suggest? Do I: Stop contributing to the others and start to the Ashburton? Sell the Satrix EM and World and put into Ashburton? Continue my allocations as before? Quinton When you get closer to retirement I presume one moves the funds out of the investments and into something less aggressive. Even if my Ahsburton 1200 had an annualised return of 15%, but the day before retirement the ZAR strengthens from R14 to the USD to say R7 to the USD, my portfolio takes a 50% knock. My investment portfolio could be worth less than the investments I have been making. I've done everything right, the portfolio has done excellent, its diversified, but the conversion rate has screwed me on 99 or am I missing something here? How long before you retire do you evaluate the market and decide to move it to a safer investment? Ryan I have group death and disability insurance with my employer. The disability benefit pays out 75% of your pensionable salary. The only debt I have is my bond. I worked hard in the last year to pay everything else off and I'm currently paying 80% more than the required amount into the bond. I have no kids or other dependents, and no plans to have any.   My wife brings in 22% of the household income and works from home, so she should be fine in the event of my death if she uses the life insurance payout of my employer to settle the bond and invests the rest in her TFSA account or RA. Seeing that I am not going to leave my employer in the foreseeable future, am I wasting money by paying for Life, disability, income continuation (almost a quarter of what I currently earn) and severe illness cover from Discovery. I hate how complicated they make their policies, and I am looking to cancel or move to a simpler product.  Any savings resulting from this change going into the bond. Ian I have a TFSA with Old Mutual & I want to move it now of course, obvious reasons. I registered with EasyEquities and now I have to choose an ETF. I am a very passive investor. I want to choose an ETF & never change from option again. I just want to make my contributions & 15 years later want to see my millions……lol. Can you please assist me in choosing a TFSA ETF that gives me good exposure to all markets & maximum returns in the long run, also paying dividends (will re-invest) & no surprise headaches. My wife also wants to open an account & wants to invest in same ETF that I choose. Here are the things you should consider: Asset class - equity vs property vs bonds/cash Regional exposure Sectors Companies Methodology - smart beta vs market cap weighted Carl I am considering moving my "young" portfolio from Old Mutual to EasyEquities due to cost. I am looking through the cost profile of EasyEquities and saw that they charge a 1% additional transaction fee for recurring investments through debit orders. If this is the case, is it not better to manually buy the share or ETF manually each month? I had a look at the cost structure on the EE platform and the only debit order fee I could find was R0. http://resources.easyequities.co.za/EasyEquities_CostProfile.pdf Dario The idea is to have 50% weighting in property ETFs and 50% in "growth" ETF's. I'll sell the growth ETFs when i'm close to retirement and have 100% in property ETFs for the dividend payouts. I have a pension so I see my TFSA as an investing side hustle. I want my property ETFs to be local because paying tax on foreign dividends seems to be counter intuitive for a tax free account. I want my growth ETFs to be well-diversified and to not pay dividends… my thinking is that if the payout is dripped backed into the ETF then we save on some tax? My "growth" stocks are: - CoreShares Global DivTrax ETF - SYGNIA ITRIX MSCI US (because 'MERICA!) I believe in my strategy...but not quite sold on the ETFs I've selected. I don't want to reshuffle my TFSA but luckily I'm still in the infancy of my investing career so if there were a time...it would be now. Colin I am looking at an S&P 500 fund to my TFSA, however, I am unsure which manager I should go with. I know he deciding factor should be based on costs, however, I just need clarity if the TER is what your decision should be based on If they quote a management fee under the TER, must this cost also be factored in? Also, should factors like distribution frequency be considered (Satrix does not distribute, Coreshare & Sygnia distribute semi-annually),  different weightings in the various sectors and ETF size be taken into account when selecting the fund?

There's nothing intuitive about the stock market. Most of what we discuss on this show relies on a basic grasp of the stock market, which is possibly asking too much. Every year I learn something new about the market. When I do, I get this horrible sense that everyone else already knew that and thinks me dumb for not knowing it. Sound familiar? An email from Antoine made me realise we've never really devoted an episode to how the stock market works. This is one for your bookmarks folder. Here's what we chat about: What is the stock market? What is it for? How does it work? Who are the players? How do you make money? Antoine is worried that the stock market is a Ponzi scheme.  A bank can lend 10 time more money than is physically available. So out of ten dollars virtual value available, nine dollars are a bet on future growth, not on actual value. The same holds true for bonds and capital investments. I'm really concerned that my children will become irrelevant, despite doing very well in maths and science. Investing in the almighty stock exchange might not save their souls. I'm hoping Simon might have something better than: "Because it worked for a hundred years." I heard that gospel before. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Win of the week is Sebushi for sending such a happy email. I have been listening to Fat Wallet for more than a year and encouraged my wife to listen as well. Last week she received an email from her employer Vodacom about their YeboYethu share and given three options to choose from. With the knowledge we received from Just One Lap, it was easy to make not only a choice, but an informed choice. Thank you guys for the your education it means a lot to me and my family. And thanks to Stealthy Wealth as I found about Kristia from his blog. From your Number One Fan whose Tax Free, RA and Investments are in order. Christiaan's friends are worried about what a crash would mean for those close to retirement. My friends' parents are in their 70s. They've managed their finances well, are still able to work and live off what they earn. They still save. They're worried what a next crash might mean for their savings. What're your thoughts on the Warren Buffett approach in his will to his wife of 90% in the S&P 500 and 10% in bonds? Rob is about to receive an inheritance. I am married and on the verge of starting a family. We currently live in a townhouse which we are paying off. We both have RAs to to which we contribute monthly, and also invest the max each month into our TFSAs. We are about 3/4s of the way towards having a fully topped up emergency fund. I have also received a nice bump in my monthly pay and plan to invest as much of this as possible into EFTs. We do potentially want to look a buying a house as we will need the space with kids and it's nice to own somewhere with a garden. So basically my question is, what would be the best way to use this lump sum to insure financial security for a growing family? Would it be a good idea to try and pay off the bond on the townhouse and then rent it out and use the money to fund a bond on the house? Or buy a house cash and the rent out the townhouse as a passive income? If we go this route, would it better to keep it all under one bond? Or should we just sell the townhouse and buy the house and not worry about having a rental property? Or is the property idea just a bad one all around? Is the best use of the money to clear all our debt before we start worrying about investments? Should we just invest the money and use the interest to pay off debt? Where would be the best place to invest to avoid income tax? I have only recently started listening to your podcast so if there are other episodes that answer my questions then could you point me in the right direction? Jonathan sent such a great email.  Hi legends Give me a 3 minute for and a 3 minute against endowments, assuming fees aren't bad. Hooray! Tim wants to claim back a loss from SARS. I invested into a scheme that now appears to be a fake scheme (money does not get paid out) am I able to claim the loss against my tax return? If I had made a profit SARS would have asked their share, so surely the inverse must work and if so what proof would i need to substantiate this? I fortunately on put a bit of FU money in that I could lose (any loss sucks), unfortunately it seems others may have put a lot more in..., so once the dust has settled and I know the outcome ill send a mail as a lesson for all. Alexander has questions about investing for minors. He wants to know what would happen if family members contributed to a TFSA for a minor and accidentally went above the R33,000 limit. Would the platform block the transaction (I use EE) or would someone be liable to pay a fine (presumably the legal guardians of said child). It seems better to have a bank account people deposit into and distribute from there. We want to open an investment account for our godchild, not a TFSA. How would tax around this work? If anything is withdrawn before the child can be a registered tax payer (medical emergency or something), would the parents be responsible for the tax liability, or us? Shaunton wants to know how the 27.5% tax rebate works for people who work for themselves. Does this limit also apply if you have your own business, independent contractor? Or how does it work? Bongani is concerned about capital appreciation due to rand depreciation. Rand depreciation means capital gain for me as a south African investor on dollar-based ETFs. If I were to invest in a JSE-listed ETF, the rand depreciation would be considered capital gain and I would be liable for tax. If I buy the MSCI World etf from Vanguard as an offshore investment, would the rand depreciation also be considered capital gain and I be liable for capital gain tax? Kobus wants to know if higher tiers are worth the rewards. I'm trying to compare rewards programs of different credit cards. Is it worthwhile to go for a higher tier status so that you can get a bigger rebate on petrol? It seems that there is not one reward program that is the best. Is it best to ignore these reward programmes altogether?  

Expecting a large amount of money for months on end can only make you crazy. I've never been paid a bonus, so I've never had to endure months of spending and re-spending the same amount of money. Just thinking about it makes me antsy. Nothing sane can come of it. This week, we talk about the dangers of spending money before you receive it. If you're trapped in a debt-to-bonus loop, you want to listen to this episode. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Win of the week: Denzil, who went to work on his financial situation. Since we last chatted, my RA has been moved. I've opened TFSAs for both my kids and opened a TFSA for the wife. Can I contribute the full R33k per year into my wife's TFSA on her behalf with no tax Implications? I assume I can as spousal contributions are exempt from tax implications, right? My wife is a housewife and has no RA. She is 32 and I'd like to get this going for her. However, I'd like to know if we can use this as a tax benefit on my side, or on her side even though she doesn't earn an income? She might start working part-time next year, so she will have some income. If she doesn't have an income, how can we structure this to get the best tax benefit possible? Sabrina I am 32 with no pension fund, so where can I invest? How much should I invest to retire comfortably? What fund can give great returns? WC wants us to discuss bonds. Can you discuss bonds and bond ETFs? Although I have relatively ok knowledge on shares I am a total novice on bonds. With the inverse correlation between price and yields, when is a good time to buy an ETF like BND? This is purely for diversifying my investments. Bosman isn't sure where his interest goes in the time it takes for transactions to clear. I have an account with Standard Bank OST and transfer a chunk of my salary from my Capitec account every month. From the time I make the payment from the Capitec account to the time the money appears in OST, who earns interest on that cash? Also, if I do an instant payment with Capitec at say 13h00, do I earn interest for a part of the day from Capitec and then the rest of the day from OST? Jan recently sold a rental property that earned him a nice chunk of rental income every month. He'd like the profits he made to cover his monthly expenses. I used the money to pay for some monthly expenses. What is the best way to invest the capital to give me an income to pay for the ongoing expenses? And perhaps some growth? I sold the property for R1,5m and I can invest R1.4m. I have monthly expenses of R10,000 to cover. Douglas wants to know where to grow money for other people. We've been putting aside money for our house managers each month for a few years. We had intended putting the money into Satrix each month, but because of FICA and administrative issues we put the money in a savings account. We have lump sums of about R7500 and R12500. I want to put these into investments that will pay out on their 60th birthdays - between 6 and 12 years from now. Where could I invest this money that will provide a secure return that won't eliminate half the capital in commissions? I'm sure there are parents saving for their kids, or other folk like us, who have the same problem. Pat wants to know how to invest tax-free. I hear you guys talking about ETFs, EasyEquities and tax free savings accounts. I know I need to put R33,000 every year into a tax-free savings account, but I'm stuck on the next step. So I open a TFSA and then what's the next step? I must open an EasyEquities account? I'm confused on how all that works. Mainly just the next step after opening a TFSA. Garth wants to know if Simon is financially free. Simon knows a lot of random things about finance and has been in the game almost as long as I have been alive. I keep on hearing him talk about buying shares when they were tiny, now have grown 300 and more %. Join the Fat Wallet community group on Facebook.

It is the job of a salesperson to convince you you can't live without the thing they're selling. This is as much true in personal finance as in consumer products. If engaging with your money scares you too much, your only hope is finding someone whose approach to your money happens to be legitimate, effective and affordable. If you hope to manage your own money, collecting information on the best thing to do with your money is also tricky. If you ask someone with a vested interest in a product, they are going to try to convince you it's the best product. If you ask someone who recently over-committed to a certain type of investment, they are going to try to convince themselves it's the best decision by trying to convince you it's the best decision. This week's episode of The Fat Wallet Show is very special for two reasons. First, we recorded it live at the JSE as part of our JSE Power Hour series. Secondly, One Lappers Njabulo Nsibande and De Wet de Villiers joined us as guests. Our hope for this episode is to illustrate that there are many ways to construct an investment portfolio and all of them can be right. De Wet doesn't manage his own investment portfolio and he's happy with that. Njabulo manages three investment portfolios and he's happy with each one. What matters most is that you understand your portfolio, that you have a strategy and that you remember what it is. We're all making it up as we go. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Win of the week: Roxanne. A year ago I was retrenched, sitting on my couch, wondering how I was going to get through the next month as I was living pay check to pay check. My husband was earning a gross income of R18,000 a month and things were looking grim. We had medical bills, store accounts and a student loan. A truck had also hit the side of my car - we had reached rock bottom. I started listening to your podcast all day, every day. My family started to think I had joined a cult! I started putting a plan in place and started working on my FINANCIAL INDEPENDENCE to not be at the mercy of any employer, bank or creditor again! Since then I have done the following: Found a new job and career path Started an emergency fund Drew up a budget and started budgeting every single rand! I discovered EasyEquities thanks to your show and started investing I have paid off R40,000 in debt. I still have a student loan of R33,000 left which I am attacking - Balls to the wall on this one! I cut up my credit card and lived without it. I cut up all my store cards and have lived without those. I never thought the day would come for this. I have eaten a lot of peanut butter and 2 min noodles - thanks Shoprite! Used every student discount I can find. Shoprite is good with this But where to from here!? I would like to invest in a tax free account but don't know where to start - if I choose the coreshares S&P 500 - how do I work out the fees I would be paying? The naspers weighting in the Top 40 index makes me weary. How much insurance is enough insurance? Life cover, dread disease cover, home contents insurance, retrenchment cover, car insurance, gap cover, cellphone insurance, pet insurance - why are there so many products!!

A new exclusive mix has landed on Silent Storm Podcast! On episode 19 we welcome the Italian DJ/Producer KONRAD. In 2011 started his career as a producer, creating his first releases for labels such as: Unrilis, Phobiq, OFF Recordings, Elevate, Respekt Recordings and Riot Recordings often placing on TOP100 Techno Beatport Chart! His productions have also been noticed and supported by some of the best DJs in the Techno scene like: Joseph Capriati, Alan Fitzpatrick, Ben Klock, Rødhåd, Sasha Carassi, Sam Paganini, Markantonio, Enrico Sangiuliano, Francois x, Andres Campo, Layton Giordani, Spektre, Matrixxman, Dasha Rush and many more! 
 Passing the years Konrad played in many important Club and Festivals such as: Cave, Parco Gondar, Clorophilla, Cromie, Guendalina, Divinae Follie, Jubilee, Nautilus Club, Mandarino Club, Don Giò, Clorosintesi and R33 sharing his consolle with International and Word Artists of which: Paul Kalkbrenner, Adam Beyer, Joseph Capriati, Green Velvet, Roman Flügel, Luigi Madonna, Luca Agnelli, Dasha Rush, Felix Kroecher, Answer Code Request and many many others. Connect with KONRAD: https://soundcloud.com/konrad_italy https://www.facebook.com/KonradItaly/

The guys continue the discussion on the Nissan Skyline.  We are finally getting into the golden years with the R32, R33, and R34.  Lets Go!

Subscribe to our RSS feed here. Subscribe or rate us in iTunes. I'm finally doing it. I'm buying a house. I've had a cold winter and I'm finally accepting I didn't turn out to be a jetsetter who lives in luxury hotels around the world. Clearly, this isn't a financial decision, but it doesn't mean I can't be smart about what I'm doing. Here's what I have so far: I'm looking in the price range of what I'm currently paying in rent in an (almost certainly futile) attempt to contain my cost of living. This is yet another reminder of the benefits of renting. In buying, I'm banishing myself to the outskirts of the areas I love. Everything in my range is tiny, most of it very old. I knew it all along, but it's good to be reminded. It's very hard to compare units. Even in the same price range, they differ by age, by size, by area. I've decided to use cost per square metre to help me figure out if something is cheap or expensive. This makes it much easier to determine value. I'm only using half the bond amount I actually qualify for so I don't find myself strapped for cash when there's a special levy or interest rate hike. I'm terrified. While I'm perfectly capable of multi-year commitments, I don't like to be reminded of it upfront. I guess I'll just have to get over it. This is the Mister Money Moustache article I mentioned. Win of the week: Sean, for editing our swearing and for making us a spreadsheet. He, like many other people, disagrees with Simon's view on tax-free investments for kids. TFSA numbers_Spreadsheet I understand kids might use the money to buy a car or holiday and can never get that allocation back. The other side of that coin is that a TFSA started at birth creates generational wealth. You can set up your kids to never have to worry about retirement regardless of their job. Or ideally pay it forward to their kids (ie only save R500k per kid) for them to retire young (best case 38!!). Isn't it better to try your absolute best to educate them on the value of TFSAs and retirement? You have a whole 18 years to get it done before they can take control of their TFSA (dead means longer than 65). I know TFSAs are not and should not be viewed as vehicles for things like education etc. But as a “pay it forward” vehicle its pretty magic (assuming you can educate your kids). Francois is wondering about the impact of dividends on tax in offshore total return ETFs. I've been comparing the two MSCI feeder ETFs from Satrix and Sygnia. The Satrix one reinvests the dividends, and the Sygnia one pays them out. They are both about a year old. Instead of paying out the dividends, the Satrix ETF will simply raise the ETF price by the dividend amount. I can only see this if I overlay the STXWDM and SYGWD charts, squint, and use plenty of imagination. A year is a very short timeframe to see a difference, so I've searched for SENS announcements for details on if and when this has happened. Will there be any info on this? The Sygnia one has paid out dividends twice since inception. According to the June SENS, you were exempt from local dividend tax both inside and outside a TFSA. This is because the foreign tax amount, which you always pay even in a TFSA, was larger than the local amount. It seems unlikely that Satrix will have a different price inside a TFSA, even if they had to account for local tax after raising the price a hundred times. Can the situation change if our dividend tax went up to say 25% and start exceeding the foreign amount? Ignoring the difference in TER, it would then be better to hold the Sygnia ETF in a TFSA, wouldn't it? Gerhard has a great tax tip. Many people don't submit their monthly RA contribution amount to their HR / finance department at their place of work. When I ask why, they say that they enjoy the bonus they get from SARS when they submit their tax return. The benefits I see for supplying this info to your employer:  - You get the tax break upfront  - You don't save your money at SARS over an average period of 8.5 months not earning any interest.  - You can increase your monthly RA contribution without affecting your pocket, for example: You can only afford R1000 pm for an RA, if you submit this amount to your employer and you are taxed at 25% then you would get an increase in your net pay of R250. Now you can actually pay R1250 instead of R1000 into your RA or R250 into an ETF.  - If you have a dispute with SARS or they delay the refund, as sometimes happens, you already received your tax rebate throughout the year. I see no reason why an employer can refuse this if you have the proof of your contribution. Robert found a sustainable farming investment website, which is kind of like the cows website we discussed last week. They sort out the insurance and the administration on your behalf and claim to offer an internal rate of return 12% and 16%, depending on the investment you choose. They also mention on their website that there is a tax benefit and that you can write off a portion of your asset in the first tax year. Sounds a bit like you need to be a tax guru if you ask me. It will be great to get your thought on this. It feels like a new hipster and responsible way to invest, but is it wise? It might be a unique way to diversify? The one option is berries, the other is solar energy, the other is beehives. Vincent is curious about counterparty risk at African Bank. I compared Capitec, RSA retail bonds and African Bank. I am fully aware of what African Bank went through, but having a look at their investment options I think it's viable given that the SARB has a grip on them. They have no management or administration costs and no fees on withdrawal. Everything can be done online or via phone. Their tax-free interest is quite high and they have two other attractive products: [Access Accumulator - 12 months [8.2%] & Fixed deposits - 12 months [8.45%]. I seek to keep the Access Accumulator and Fixed deposits short term; but I'm not sure of investing a third of my maximum Tax-free contribution to African Bank, because where will they be in 20 years time when I want to withdraw my TFSA portion? I don't recommend that you use your tax-free savings account for cash investments. Edwin has a great question about the last big purchase we can make before we retire. At some point before retirement we probably have to buy our last big-ticket items e.g retirement home, retirement car. If I want to spend my retirement exploring the bush in a 4x4, I must purchase my last 4x4 with my savings before I retire. If it's a good car it will be affordable to maintain and reliable so I would be looking for that car to stay on the road for the next 10 to 15 years as a minimum. Hopefully it lasts forever. The problem is that if I buy a cheapie it may not last all that long and break down...or I could discover that I really don't like it and would have preferred to buy a more expensive car when I had the money. By then it is too late to change my mind. I would already be a pensioner. Are we better off stretching ourselves when younger to buy something slightly better, but that will serve us better in the long run? I want to drive a Range Rover in retirement, should I sacrifice the savings while still earning an income? Should we be making provision for our last “big ticket items” before retirement. Or is this a trap? Mbasa wants to know why we're limited to R33,000 tax-free contributions per year. Why can't we max out the full R500,000 allowance at the outset.

On this podcast, Maanda Tshifularo interviewed Luvuyo Rani unpacking his entrepreneurial journey from selling 4 computers to turning over R33 million in 2017. In 2014, Luvuyo was honored by the Junior Chamber International as one of the Ten Outstanding Young Persons in the world for his work in entrepreneurship. In June 2016, Luvuyo received the […]

Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Sign up here to receive an email every time a new show goes live. This is another themed-by-serendipity episode. Last week Edwin mailed with a dilemma: how do you choose between being a good citizen or family member and having money? Whatever you spend on your family, kids or pets or donate to charity is money not going towards your savings goals. Does that mean you should forego those things altogether? Money and morality are closely linked, but so is money and health, as Christoff pointed out. Having a lot of money but never having any fun is completely pointless. A lot of money at the expense of having children is not going to make you happy (if you want children). Sitting on a mountain of money and never helping anyone else is going to bankrupt you morally. Spending your life trying to get rich but neglecting your health is going to lead to sickness in retirement. What's the point of that? We discuss strategies to navigate these questions and completely fail to choose a winner for Sam Beckbessinger's Manage Your Money Like a F*cking Grownup giveaway. Something to look forward to next week! Win of the week: Jacques Kasselman. He found us by accident on iTunes and immediately panicked. After reading his mail I realised that he actually didn't need to panic at all. Where to start to get on track? I think the best thing would be to get rid of my debt of over R1500 a month, excluding interest on my vehicle loan. I started paying off my debt by having a liberty investment I had for 6 years (R500/pm - 1.67% growth above what I put in) pay out and pay off my most expensive debt first. That's R700 that can go to the next card/account and then the next and so on. Is this the right strategy or should I rather look for somewhere else to invest that money, eg. TFSA, ETF and slowly pay off the debt over time? The way I understand from what I have learned from you guys so far is get rid of debt, then create an emergency fund while simultaneously slowly starting to save/invest and increasing the savings/investing part as the emergency fund gets closer to 3 months salary. TFSAs SARS gives us R23,800 tax free interest already. Is it still beneficial to contribute to an TFSA at possibly lower returns if we are still far from reaching that limit? Saving the R500,000 cap for when one day we pass the R23,000 limit? Reaching the R500,000 limit would take about 15 years if you contribute the max of R33,000. As I am 34, I still have 31 years left if I am unable to retire early. PENSION My employer requires 22.5% pension contribution monthly, deducted from my salary (me=7.5% company=15%). At the moment its split between Allan Gray and the company fund. I plan on increasing the percentage towards retirement to max as soon as I can get the rest in order, or at least a little better. Stefan responded to Frank, who wanted to know where to keep his Lazy system cash while he waited for entries. I have four EasyEquities accounts and I get interest on all cash in my accounts. There's a cash management fee, so it's not the best cash account, but it's not like I'm getting nothing. Fred has an interesting question about TERs. He is invested in an Allan Gray Balanced Fund through a financial planner. The TER of the fund is 1.44%. In addition to that, he pays an admin fee of 0.40, an advisor fee of 0.50% and a management company fee of 0.79%. Just for the privilege of buying the fund he's paying 1.69%. I looked up the fund costs on the Allan Gray website, and I have some bad news. The TER is 1.45%, but excludes “other expenses” of 0.02%, VAT of 0.15%, and transaction costs of 0.07%. 3.38% total cost. The problem is, you don't see the TER. It costs you money, but you don't see the money. Pieter is putting his emergency fund to work. He banks with FNB, and he's really made the most of that infrastructure. I have a cheque account that my salary gets paid in. I have a bit of extra money to cover the "shit I did not budget for". I move most of my expense money to my credit card so it is positive. This earns me a tiny bit of interest and I win back quite a lot in ebucks. I have a linked savings pocket with 1 months expenses in it. It earns interest, has no account fee and money is available immediately. I am building up 3 months living expenses in a 32 day notice account that also earns interest and has no account fee. So the plan is: for small unplanned things, you just use money in your account. If the paw paw hits the fan I can live a month with my savings pocket money. When I start touching that money I can request "next months salary" from the 32 day notice account without incurring costs. If I can build up > 3 months in my notice deposit, I will move that to bond ETF or something that gives better return. This way I have no fees and costs, acceptable interest and money available now. Gerhard needs help with life insurance. I love your war on fees. It's helped me a lot in making my decisions around investing. Is there a similar type of thing in the life insurance side of the world? My life insurance is with Liberty, and it is fully a grudge purchase, but I do have 100s of children so kind of have to have something. Are there new style life insurance companies that you guys are aware of, like a 10X but for life insurance? I asked the 10X team and they didn't know of anyone. However, I did get some suggestions. Have a look at brightrock.co.za. It looks like a new school type of business, but it's majority shareholder is Sanlam. The other suggestion was FMI. They're a division of Bidvest Life. Craig Gradidge from Gradidge-Mahura investments said: The insurers who are "traditional" and reasonably transparent are Sanlam, Old Mutual, Hollard, PPS.  The 2 that integrate are Discovery and Momentum. With Brightrock benefits structure is still something they need to work on...as always, the answer of which is best is usually determined by client requirements, their lifestyle and health conditions, etc etc Poor Josh is stuck between a rock and a hard place with his RA. I recently started working at a Big Four bank I come from a company that used 10X as a provider. I didn't know how lucky I was back then. I am 26, so I need an aggressive portfolio. The fund options we have are somehow administered/managed by Old Mutual and the options are: Allan Gray global balanced portfolio - 51% equity allocation, 1% fee on SA based assets, and performance related fees of between 0,5 and 2,5% for foreign assets. I'm staying fucking far away from this one. Assholes. Coronation global houseview portfolio - 49% equity allocation, looks like a fund of funds so fees on fees will apply here, but doesn't look that bad. Still shitty though. Investec balanced fund - 41% equity allocation, 23% bonds allocation. Fees are reasonable at 0.54% for local assets and 0.75% for international assets. I ended up choosing this one due to the lower fees, but it's so conservative, so shitty. Nedgroup core diversified fund - 50% equity allocation, 7% bonds. Fees are good at 0,58%. But again, lower equity exposure. Actually looking at this now, this option looks the best out of a shit bunch. The rest are so shit they aren't worth mentioning. Think old mutual, Tanquanta cash pooled fund (yes, seriously). So, my question is - do I bite the bullet and just throw as much as I can at the Investec/Nedgroup funds, or maybe lower contributions to the least I can and then open a portfolio with a better RA provider like a Sygnia/10x etc in my personal capacity? I'm leaning towards the latter. But this would probably mean some complications come tax return time? I don't suppose I can go to a massive corporate's benefits department and tell them that my options are terrible, give me better ones? Jorge wants to invest in a living and guaranteed annuity, but he wants to know how to make that decision. What are the practical implications and values considerations should be taken into account when opting for both a guaranteed and living annuity? We have an excellent article on justonelap.com/retire about the difference between these products. Entries to win Manage your money like a fucking grownup by Sam Beckbessinger. We asked you for the one fact that changed the way you thought about your finances. Christoff's point is about health. When you realise that you need to save up for a potentially very long retirement (30+ years these days!), we do all this planning to ensure that we're “taken care of” financially, but what about our physical health? If we're going to live for another 30+ years after retirement, we'd be enjoying those years a lot more if we're fit and healthy, right up to nearly the end. I'm 43 and take good care of myself, but I look around at my peers (school friends, cousins, colleagues, etc of the same age-group) and a LOT of them already suffer from heart problems, hypertension, cholesterol, various forms of cancer, diabetes, and what have you!  It's very depressing to think of having the benefit of living in the 21st century, with enough technology to keep us alive for so many more years, when most of those years are going to suck! Just as compounding works for/against your finances, it does the same with our health.  Poor daily habits will eventually catch up with you, so we need to keep our attention on this very important factor if we're going to enjoy our hard-earned and cleverly-invested wealth. Phemelo found The Fat Wallet Show in January and has made massive strides in his financial life. I'm not all over the show. I have a financial plan and taking on the challenge of keeping the lifestyle cost the same to avoid lifestyle creep. My huge eye-opener was there are no shortcuts to this thing - baby steps. I've closed my overdraft, I'm starting to slowly chow the credit card debt, and I started paying my student debt. The next step is starting to slowly build the emergency fund. Ronel had an a-ha moment about fees If I can lower my fees on my Retirement Annuity, I can have sooo much more money. It blew my mind that if I get 10% growth, and inflation is 6%, there is only 4% left for growth (compounding) and if I pay 3% of 4% in fees, I will only get back what I put in (adjusted for inflation).  That is not my idea of a comfortable retirement .... So I moved my Retirement Annuities from Sanlam and Old Mutual to 10X. I am now on a fee witch hunt to cut ALL fees to the bare minimum :) John Morrison (our retired unicorn) submitted a vote for Khuliso, I think. When people speak about money I have realized that I must first determine their anchor point and their biases. Then I can adapt this information to my anchor point and confront my biases. Someone investing for future retirement is at a different point to another living off investments in retirement. I am truly inspired by Khuliso and their kota. Such an understanding of compound interest, time and lowering the cost of living. Really amazing! You can't help it if your parents were poor and you start poor, but with compound interest in a single generation everything can change. Well done Khuliso! With ABSA's WTF new minimum brokerage fees in ETF accounts (which is by the way more than a kota) we need to get behind EasyEquities and give them huge support. Is EE the only company that understands not to rip off the poor? Links to be included in show notes: Adam sent a link about the three biggest lies about passive investments. They are: People can't make their own decisions about which products to buy Very few investors have the time, knowledge or skill to invest their own money. The fees aren't as low as they claim Passive products available to retail investors in South Africa are still relatively expensive and not that much lower than actively managed funds. You don't get market return It is easy to compare the JSE/FTSE All Share Index returns with active manager returns and conclude that active managers are not worth their fees. The comparison is flawed. It does not consider risk and it also does not take into account that most of the growth from that index has come from one share – Naspers. I'm not going to tell you what to think about this. If you understand how these products work, you can make up your own mind.

14 of the 16 prisoners who escaped from the Johannesburg Correctional Centre, Medium A, are still on the run. Two were shot dead on the R33 road in KZN, between Pietermaritzburg and Geytown on Wednesday. Tsepiso Makwetla spoke to Captain Siphiwe Mhlongo who is the KZN Spokesperson for the Hawks for an update...

In December 2017, a previously unknown operation called Viceroy Research shot to prominence when a scathing report on Steinhoff was put into the public domain. The allegations in the report accelerated the demise of what was then the world's second largest furniture group, providing fresh impetus to the panic which erupted among investors when auditors Deloitte refused to sign off the 2017 financial year's accounts and, as a direct result, Steinhoff CEO Markus Jooste resigned. A month later the suddenly famous Viceroy turned its focus onto Capitec, South African banking's disruptive force whose stock price peaked just under R1 100 a share in December having risen from R33 a decade before. Over the weekend I met with Capitec CEO Gerrie Fourie, who was passing through London on his way home after a week's holiday. What transpired was a lesson in how successfully managing communications in a crisis requires total attention from the very top.

“Brought to you by Absa ETFs” Simon Shares The new cabinet is of course a compromise, that's the nature of our political system. But the important departments are markedly better hands (SOEs, treasury & mining). New tax-free year kicks off today. R33,000 per year and transfer are now also possible. Up coming events; ABSA NewFunds ETF seminars (DBN, CPT, JHB and webcast) Leverage your investment portfolio Borrowing money to increase your portfolio is something most investors ponder at some point, but two questions come up. How and what are the risks? The theory is easy, over the long-term equity markets do better than the cost of borrowing, but there is more to leverage then just that. So here are some options, with the risks involved. Derivatives such as CFDs; Easy enough. But costs and margin calls are real issues. Keep it small. Home loan Clean and simple if you can afford the repayments remembering that when markets collapse interest rates typically rise. Make sure you can make the repayments with higher interest rates and what if your income drops? Personal loan Banks don't like lending against shares and again can you afford the repayments? Also unsecured loans typically attract higher interest rates meaning the numbers no longer add up. Margin Some brokers will lend against a portfolio with the amounts varying depending on the shares being used as collateral. The risk here is that loan amounts may be adjusted and you may be squeezed out. Personally I have leveraged my portfolio once. In 2008 I maxed out my bond to add to my portfolio. It worked and I slept well enough but I have no plans to do so again. On page 10 of his latest annual letter Warren Buffett writes "This table offers the strongest argument I can muster against ever using borrowed money to own stocks. There is simply no telling how far stocks can fall in a short period. Even if your borrowings are small and your positions aren't immediately threatened by the plunging market, your mind may well become rattled by scary headlines and breathless commentary. And an unsettled mind will not make good decisions."  Subscriber to our feed here Sign up for email alerts as a new show goes live Subscribe or review us in iTunes. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

Live from R33 in Barcelona, Spain 01. Vernon Bara - Little Helper 272-5 (Original Mix) Little Helpers 02. Gianfranco Troccoli, Lio Mass (IT) - Cause And Effect (Original Mix) Noexcuse Limited 03. Nik Ros, Groenendal - Dont Kill My Vibe (Original Mix) Not For Us Records 04. Marco Grosso - So Good (Off Key Remix) Low Groove Records 05. Off Key - Into Groove (Original Mix) Promo 06. Ellie Cocks - Like Tupac (Josh Butler Remix) Abode Records 07. Rilo - Swaming (Original Mix) Triplepoint Publishing 08. Ahmet Mecnun - Smell Of Jasmine (Original Mix) Zinc Records 09. Sergio Saffe - Almost Worse (Original Mix) Pressology Publishing 10. Stefano Noferini, Danniel Selfmade – Cara (Original Mix) Promo 11. Israel Kling - Between Funky (Original Mix) Promo This show is syndicated & distributed exclusively by Syndicast. If you are a radio station interested in airing the show or would like to distribute your podcast / radio show please register here: https://syndicast.co.uk/distribution/registration

Live from R33 in Barcelona, Spain 01. Vernon Bara - Little Helper 272-5 (Original Mix) Little Helpers 02. Gianfranco Troccoli, Lio Mass (IT) - Cause And Effect (Original Mix) Noexcuse Limited 03. Nik Ros, Groenendal - Dont Kill My Vibe (Original Mix) Not For Us Records 04. Marco Grosso - So Good (Off Key Remix) Low Groove Records 05. Off Key - Into Groove (Original Mix) Promo 06. Ellie Cocks - Like Tupac (Josh Butler Remix) Abode Records 07. Rilo - Swaming (Original Mix) Triplepoint Publishing 08. Ahmet Mecnun - Smell Of Jasmine (Original Mix) Zinc Records 09. Sergio Saffe - Almost Worse (Original Mix) Pressology Publishing 10. Stefano Noferini, Danniel Selfmade – Cara (Original Mix) Promo 11. Israel Kling - Between Funky (Original Mix) Promo This show is syndicated & distributed exclusively by Syndicast. If you are a radio station interested in airing the show or would like to distribute your podcast / radio show please register here: https://syndicast.co.uk/distribution/registration

Live from R33 in Barcelona, Spain 01. Vernon Bara - Little Helper 272-5 (Original Mix) Little Helpers 02. Gianfranco Troccoli, Lio Mass (IT) - Cause And Effect (Original Mix) Noexcuse Limited 03. Nik Ros, Groenendal - Dont Kill My Vibe (Original Mix) Not For Us Records 04. Marco Grosso - So Good (Off Key Remix) Low Groove Records 05. Off Key - Into Groove (Original Mix) Promo 06. Ellie Cocks - Like Tupac (Josh Butler Remix) Abode Records 07. Rilo - Swaming (Original Mix) Triplepoint Publishing 08. Ahmet Mecnun - Smell Of Jasmine (Original Mix) Zinc Records 09. Sergio Saffe - Almost Worse (Original Mix) Pressology Publishing 10. Stefano Noferini, Danniel Selfmade – Cara (Original Mix) Promo 11. Israel Kling - Between Funky (Original Mix) Promo This show is syndicated & distributed exclusively by Syndicast. If you are a radio station interested in airing the show or would like to distribute your podcast / radio show please register here: https://syndicast.co.uk/distribution/registration

The budget and your investments Simon Shares Murray & Roberts (JSE code: MUR) mystery buyer is out, ATM Holding, Munich with now almost 25% stake in MUR. So now what, surely they don't want just 25%? Shoprite* (JSE code: SHP) merger is off and their results were excellent. I am a double happy shareholder. Adcock Ingram (JSE code: AIP) results show turn around happening but share price seems to be pricing this in already on PE of over 20x. Mediclinic (JSE code: MEI), Al Noor a less than rosy acquisition for the company. Why do these big deals always seem to go wrong? Upcoming events Momentum portfolio stock picks for 2017/8 JSE Power Hour: Finding that perfect share JSE Power Hour: Anthony Clark 2017 small cap picks * I hold ungeared positions. Budget 2017 and your investments Key highlights and how they'll impact various investments; Tax-free - annual limit increased to R33,000 a year. Effective 1 March 2017, NOT this tax year. Dividend Withholding Tax (DWT) up from 15% to 20%. Capital gains tax (CGT), company tax & VAT - no change. New top tax bracket at 45% for those earning over R1.5million. Sugar - still on the cards. Petrol - +39c. Relief will be provided in the threshold above which transfer duty is paid from R750 000 to R900 000. Social grants; The old age grant will increase R1600 for pensioners over the age of 60, and R1620 for those over 75. The disability and care grants increase to R1600. Foster care grants increase to R920.The child support grant increases R380. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

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