JSEDirect with Simon Brown

Two-pot system is here, it's actually three pots and we've everything you need to know (#590)


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New Two-Pot Pension System:

  • Details on the implementation and implications for retirement savings.
  • Kicks in 1 September 2024
  • Can take up to R30k immediately, but this will be taxed.
  • Thereafter 30% of contribution go into a savings pot your can take out, it will be taxed.
  • Only use for an emergency, not holidays.
Rainbow's Return to JSE:
  • Analysis of Rainbow's re-listing after 17 years.
  • RCL Foods will be unbundling later in June
  • One Rainbow share for every RCL Foods share
  • But is Rainbow the best chicken stock on the JSE?
OPEC+ Impact on Oil Prices:
  • Members agreed to cut voluntary production cuts
  • Oil crashed
  • As did Sasol

[caption id="attachment_42315" align="aligncenter" width="849"] Brent oil | weekly | Koyfin

Q1 GDP Results:
  • Negative Q1
  • Q2 should be slightly better thanks to reduced load shedding
  • But election will have worried investors.
Santova Stock Analysis:
  • Buyer at 750c
  • Seller at 760c

[caption id="attachment_42316" align="aligncenter" width="849"] Santova daily | 06 May 2024 | Koyfin

Coalition Talks:
  • ANC is talking with everybody
  • They seem keen on a governmnt of national unity
  • Rand volatile
Recent uploads onto Just One Lap
  • Three new Global ETFs from FNB with low TERs
  • The Power of Commodities with 1nvest: Navigating Trends and Unlocking Portfolio Diversity

Simon Brown

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JSEDirect with Simon BrownBy www.JustOneLap.com