View this email in your browser
Moneyweb
Happy Friday John
Fri, 19 July 2024
Week's top stories
Eye-watering taxes await those who withdraw funds under two-pot
Eye-watering taxes await those who withdraw funds under two-pot
Liesl Peyper
The new marginal tax rate that will apply to the savings pot is significantly higher than the existing tax rate for early retirement fund withdrawals.
Capitec says its systems hit by global outage
Capitec says its systems hit by global outage
Adelaide Changole, Bloomberg
The outage hasn’t affected the bank’s card-payment systems, it said on X.
Tshwane clamps down on officials over bad expenditure
Tshwane clamps down on officials over bad expenditure
Antoinette Slabbert
Salga awards metro for improvements in financial management.
Pick n Pay gives Summers R100m incentive to fix the retailer
Pick n Pay gives Summers R100m incentive to fix the retailer
Moneyweb
Could double to R200m if the share price gets back to levels it had been trading at prior to January 2023.
Taxi default-hit R5bn Mi-Plan fund enlists Transaction Capital to recover value
Taxi default-hit R5bn Mi-Plan fund enlists Transaction Capital to recover value
Moneyweb
From taxi owners which Bridge had lent money.
Repo rate remains at 8.25%
Repo rate remains at 8.25%
Suren Naidoo
While the prime interest rate of commercial banks stays at 11.75%.
The great 'tax-free savings account' rotation opportunity
Supernatural Stocks Podcast
The great 'tax-free savings account' rotation opportunity
The Finance Ghost
The ability to buy and sell ETFs without taxes has prompted The Finance Ghost to take profit on his US tech exposure and redeploy it into local government bonds and property.
Simon’s weekly wrap: Millennials and Gen Z love local ETFs
Simon’s weekly wrap: Millennials and Gen Z love local ETFs
Simon Brown
This week, MoneywebNOW looked at the AI megatrend, PGM miners and more.
Week's top podcasts
RADIO »    PODCASTS »
IFC in R4.5bn climate-smart housing rebate scheme with Absa
IFC in R4.5bn climate-smart housing rebate scheme with Absa
The Property Pod
Pick n Pay surpasses R1m a month in crypto payments
Pick n Pay surpasses R1m a month in crypto payments
Moneyweb Crypto
Young investors, penny stocks may be the way to go
Young investors, penny stocks may be the way to go
Be a Better Investor
Is Section 10C the key to a tax-free retirement?
Is Section 10C the key to a tax-free retirement?
Retirement
Building profits: Hidden gems in the local construction industry
Building profits: Hidden gems in the local construction industry
MoneywebNOW - Brought to you by STANLIB
Sars commissioner on tax season, the two-pot system and customs duty
Sars commissioner on tax season, the two-pot system and customs duty
Podcasts
Billionaire Sygnia CEO still sees SA as unattractive
Billionaire Sygnia CEO still sees SA as unattractive
SAFM Market Update
Jeremy’s weekly wrap: Tax refunds, government unity, and private rail initiatives
Jeremy’s weekly wrap: Tax refunds, government unity, and private rail initiatives
Moneyweb@Midday
RSG Geldsake met Moneyweb – Woensdag 17de Julie 2024
RSG Geldsake met Moneyweb – Woensdag 17de Julie 2024
RSG Geldsake
From our Advisors
GET LISTED »    CONTACT US »
Advisor views
VIEW ALL »
Weekly Wrap-up
How to have a fulfilling retirement
Marius Fenwick - WealthUp (Pty) Ltd
A look at 12 key areas you need to balance to ensure a fulfilled and successful retirement transition.
Weekly Wrap-up
Understanding debt and deceased estates: What you need to know
Devon Card - Crue Invest (Pty) Ltd
What happens to your debt depends on a number of factors.
Weekly Wrap-up
WATCH: Financial freedom … It's not what you think it is
Jan Botha - PSG Wealth R21
Our relationship with money is a deeply personal one and financial freedom means different things to different people.
Weekly Wrap-up
Counting the cost: The financial impact of dementia
Gareth Collier - Crue Invest (Pty) Ltd
It’s critical that every retirement plan includes a 'what if' dementia scenario to prevent unnecessary financial burdens on our loved ones.
Ask an advisor
VIEW ALL »
SUBMIT A QUESTION »
How long will R8.6m last if I withdraw R50k monthly?
Your investment strategy and cost structure are critical to determining an accurate duration. However, here is an estimation …
How can I transfer retirement funds to an income-generating fund tax-efficiently?
Transferring funds directly from one retirement fund to another is typically the most tax-efficient method, but there are various options.
Top voted comment
TRENDING »  SUBSCRIBE »
Sensei: “Well, come to think of it, this situation is divine justice for a socialist labour union member. "Compound interest is the eighth wonder of the world. He who understands it earns it, and he who doesn't, pays it." - Albert Einstein The majority of individuals who will be tempted to make use of the opportunity to consume their capital savings are members of the Tripar... [Read full comment]
134 votes On story: Eye-watering taxes await those who withdraw funds under two-pot
Top viewed companies
JSE SEARCH »
1Sasol Ltd. »
2Pick n Pay Stores Ltd. »
3MTN Group Ltd. »
4Bell Equipment Ltd. »
5Sibanye Stillwater Ltd. »
6Capitec Bank Holdings Ltd. »
7Rainbow Chicken Ltd. »
8Naspers Ltd. »
9Renergen Ltd. »
10Old Mutual Ltd. »
Latest indicators
MORE »    ALL DATA TOOLS »
Current Value 7 Day 1 Month 3 Months 6 Months
JSE ALSI
79,835.47
19 Jul, 12:21
-0.14 %
-0.47 %
9.50 %
10.56 %
Industrial 25
106,951.23
19 Jul, 12:22
0.03 %
-3.28 %
9.00 %
7.49 %
Financial 15
18,919.89
19 Jul, 12:22
-0.28 %
-2.16 %
21.61 %
9.54 %
Resource 10
60,328.70
19 Jul, 12:22
0.26 %
8.05 %
-2.46 %
20.96 %
Top 40
72,848.66
19 Jul, 12:22
-0.17 %
-0.60 %
8.97 %
10.56 %
Current Value 7 Day 1 Month 3 Months 6 Months
USDZAR
R 18.35
19 Jul, 12:31
0.72 %
1.55 %
-4.63 %
-3.98 %
GBPZAR
R 23.70
19 Jul, 12:33
1.39 %
3.32 %
-0.26 %
-2.17 %
EURZAR
R 19.97
19 Jul, 12:33
1.27 %
2.98 %
-2.60 %
-4.01 %
AUDZAR
R 12.28
19 Jul, 12:33
0.10 %
2.09 %
-0.30 %
-2.45 %
Quick links
Home »    Daily Indicators »    SENS »
JSE Search »    Radio »    Podcasts »
Sign in »    Register »    Newsletters »
Moneyweb App
Moneyweb Android App Moneyweb iOS App
Moneyweb Mobile Web App
Contact us
Phone: +27 (0)11 344 8600
Newsroom: editor@moneyweb.co.za
Advertising: tracyp@moneyweb.co.za
Follow us on Facebook Follow us on X/Twitter Follow us on LinkedIn Follow us on YouTube
Technical & Account Enquiries
Support requests are not handled by phone. Get help quickly by emailing us at help@moneyweb.co.za






This email was sent to newsletter@newslettercollector.com
why did I get this?    unsubscribe from this list    update subscription preferences
Moneyweb (Pty) Ltd · AME Office Park, 5, 8th Street · Houghton Estate · Johannesburg, Gauteng 2196 · South Africa