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Assets & Investments

ANNOUNCEMENT | Motus Holdings Limited

The JSE has granted Motus a listing by way of introduction of all its issued ordinary shares on the Main Board of the JSE under the abbreviated name “Motus”, share code “MTH” and ISIN ZAE000261913 with effect from the commencement of trade on Thursday, 22 November 2018 (“Listing Date”). Motus will be listed in the “Specialty Retailers” sector.

Financial advisors licensing changes

"It’s inevitable that currently authorised financial services providers are going to have to change their business models to adapt to a revised licensing framework,” says Thulani Dyasi, who works in the Banking and Financial Services Regulatory Practice Group at pan-African law firm Bowmans.

African Bank Group reports improved results for six months ended 31...

The Group continued to develop increasingly relevant products and services to a broader South African customer base. The financial results improved off the back of better risk management processes, while the advances book has stabilised off better new business volumes, notwithstanding the difficult economic conditions experienced during the reporting period.

Municipalities advanced rate collection policy declared invalid!

In a boon for the property market, the Supreme Court of Appeal has ruled that municipalities that demand property sellers pay many months of rates, fees and charges prior to issuing a rates clearance certificate to transfer the property, may no longer do so.

Impact of changes to economic policies

The phrase "radical economic transformation" is on everybody's lips and the international economic world is watching South African politicians to see how this phrase will play out in changes to the economic policies.

Beating the odds and staying wealthy

In 1982, Forbes Magazine in the United States published its now renowned list of the 400 wealthiest Americans for the first time, ranked by their net worth. Twenty-one years later, JP Morgan conducted a study to examine the list and determine which families remained amongst the country’s wealthiest. The result was astonishing:

Share buy-backs and dividend stripping

In the 2017 Budget, delivered by the Minister of Finance, it was proposed that additional measures will be considered to circumvent transactions where investors choose to realise their share investments by means of having the shares they hold in a company bought back and characterised as a dividend, while being paid for by means of a new investor subscribing for shares in the same company. This followed on the back of a similar announcement in 2016, whereafter no two specific countermeasures were introduced.

Investor opportunities using S12J VCCs?

In June 2009, The Income Tax Act was amended to make provision for investors to be incentivised to invest in Venture Capital Companies (VCCs).

Nedbank sets odd-lot price

Shareholders affected by the odd-lot offer will receive R276.48c per share, to be paid out in the next few weeks. Nedbank has set the price at which it will buy back shares from the hundreds of thousands of Old Mutual shareholders who received equity in the bank as part of the break up of Old Mutual Plc.

Emigrating – what happens to your retirement fund benefit?

Expected changes to the income tax laws in March 2019 will allow members who emigrate before they reach retirement date more flexibility to withdraw their retirement funds when they leave the country.
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