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Why the two-pot system could be a playground for cybercriminals
AUTHOR: ATLEHA-EDU
With more members making withdrawals, the system’s structure makes it vulnerable to fraud
THERE HAVE been no reports of cybercriminals exploiting the two-pot system since its implementation in September 2024. However, this does not mean trustees can be complacent. The system’s structure makes it vulnerable to fraud, and proactive measures are essential.
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One pleasant Budget surprise
AUTHOR: HERSCHEL JAWITZ
Transfer duty thresholds adjusted, helping potential home-buyers
SURPRISINGLY, THE transfer duty tables have been adjusted to account for property price inflation, which is good news for buyers.
For a start, the threshold below which transfer duty is not payable has increased by 10%, from R1.1 million to R1.21 million. For a first-time buyer, the savings will be R3,300, which is a meaningful amount of money.
The transfer duty saving will be similar for a purchase price of R1.5 million. On a purchase price of R2 million, a buyer will now pay R7 839 less transfer duty than last year.
The adjustments to the transfer duties send a very positive signal to the market, which is already starting to see the benefit of lower interest rates and improved overall sentiment. Buyers are feeling more positive, and the transfer duty adjustments will add to the improved level of buyer activity we are seeing in the market.
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The Foschini Group
The Foschini Group (TFG ZA)
Analysts: Peet Serfontein, Sithembile Bopela
The Foschini Group is an investment holding company with a core business focus in retail and financial services. The group comprises several brands trading throughout southern Africa offering a prominent lifestyle range of household name brands including Foschini, @Home, Sterns, Totalsports, Sportscene and Jet, among others. The group also owns Phase Eight and Whistles in the UK, and RAG in Australia.
Technically, a falling wedge pattern in the price makes the share an appealing investment opportunity (see the first insert on the main chart). This pattern typically signals a potential reversal within a broader downtrend as it reflects a gradual loss of selling momentum often accompanied by decreasing volume.
A confirmed breakout above the upper trendline is usually interpreted as a strong bullish signal, especially if supported by rising volume, indicating renewed buying interest.
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Offshore tax regulations
AUTHOR: LANCE LAWSON
Implications for South African investors, business owners, and emigrants
WITH SOUTH Africans being able to invest up to 45% of their retirement savings, and up to R11 million in total per calendar year offshore, many are taking the opportunity to move their investments into foreign jurisdictions—a sound move that helps to mitigate local risks and accrue the benefits of a diversified portfolio. And, in addition to moving their wealth, many South Africans have physically moved overseas or own offshore businesses.
However, while investing offshore may have its benefits, investors need to bear in mind that foreign tax regulations are multifaceted and require careful consideration. Navigating offshore tax can be complex, and requires a thorough understanding of South African laws as well as the regulations of the investment jurisdictions.
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Retail REITS are rising
AUTHOR: JUSTIN THOM
What SA’s retail boom means for commercial property in 2025
SOUTH AFRICAN food inflation has been at its lowest level in 14 years, bringing significant relief to cash-strapped consumers.
Stats SA reported a sharp decline in food inflation in November 2024, as food price inflation slowed to 2.3% from 3.6% in October 2024. This means that for the first time since 2010, consumers are able to spend more on everyday items like groceries and personal care products.
This positive economic spin-off is set to impact the retail property sector.
South Africa’s retail property sector has experienced notable growth over the past decade. There are currently around 2 000 shopping centres located in South Africa, with ample plans for further expansion in the pipeline.
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Life Healthcare
Life Healthcare is an international healthcare provider. Its geographic footprint spans across southern Africa, the United Kingdom, and Europe. In southern Africa, the group operates a hospital division and a healthcare services division. The international segment includes Life Molecular Imaging (LMI), which is currently held for sale.
Fundamentally, we view Life Healthcare as a solid player within the healthcare space. We expect persistence in elective surgery demand to remain supportive of volumes and margins, which may translate into decent bottom-line growth over the medium term.
Technically, a price holding above its 200-day simple moving average makes the share attractive as an investment opportunity. This indicator signals strong bullish momentum and long-term uptrend stability. This level also coincides with the 38.2% Fibonacci retracement, providing additional support and reinforcing its significance.
According to forward calculations of the RSI (Relative Strength Index), the stock will be overbought at ~R27. This classifies our profit target of R17.50 as realistic. We suggest a medium capital at-risk allocation to this trade. Increase exposure for a break above R15.50.
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