MONEY CLINIC | I have R36k per month to invest for 2 years. What should I do?
A 23-year-old with a net position of R36 100 to invest monthly into a high-interest investment product seeks advice on RSA bonds.
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A 23-year-old with a net position of R36 100 to invest monthly into a high-interest investment product seeks advice on RSA bonds.
Extending the legacy of SAB Zenzele with the introduction of SAB Zenzele Kabili. 00:03 CIARAN RYAN: It was more than a decade ago that SAB Zenzele was launched as the country’s largest broad-based black economic empowerment scheme in the fast-moving consumer goods sector. SAB Zenzele will soon wind down. And that raises questions as to what will replace it. Duncan Pask, the SAB company secretary, joins us to talk about this. Duncan, tell us a little bit about this, it’s 10 years since SAB Zenzele was launched. Now we’re getting the wind-down stage, what’s going to happen now?
South Africa firms rushing to list first digital currency ETF in Africa Business South African firms are in advanced stages of applying for the first digital currency exchange-traded fund (ETF) in Africa. According to local reports, two local firms are set to lodge their applications with the Johannesburg Stock Exchange, which has rejected such an application in the past. One of the firms seeking to list the first digital currency ETF on the JSE is DCX Capital. In a recent podcast, co-founder Earle Loxton claimed that plans are afoot to launch the first ETF in Africa’s second-larges...
6 hours ago Co-Founder of South Africa's Crypto Index Fund Reveals the Plan to Launch Country's First Bitcoin ETF Earle Loxton, the cofounder of EC10 (formerly DCX Capital) the institution behind the South African crypto index fund, says plans are afoot to launch the country’s first exchange-traded fund (ETF). The ETF is expected to offer South African institutional investors an indirect way of getting exposure to bitcoin. According to Loxton, an application for this ETF will soon be lodged with the Johannesburg Stock Exchange (JSE). However, Loxton also ...
Charles Savage on democratising access to investing: The key was the mission statement and the purpose, which was to democratise access – not the income statement. What we wanted to do was to get mass adoption of investing in shares. We realised that if we did that, we could make a decent amount of money. In order to democratise anything, you have to eliminate the friction points for the entire population. Accessing a share like Naspers, with wherever it is now – R3,000 a stock – and you’ve only got R100 to invest is a huge friction point. For us, cost was a friction point we needed ...