One of the most important legislative changes made in the past week was the increase in offshore allocation in Regulation 28. African focused investments
are now limited to a maximum of 10% from 5% and offshore investments
increased to 30% from 25%.
It’s important to review your retirement savings and make adjustments that suits your personal situation. For a free retirement review, please contact Prodigy.
5 Shares Set to Rocket in 2018
You could make a fortune with the 5 potentially explosive shares hand picked by our market expert.
One to Buy
USD/ZAR – All the good news already priced in!
The Rand has strengthened more than 20% since November and its finding resistance at R11.55. For short term traders, going long at these levels for a move back to R12.00 offers a good return for the risk faced.
Go Long the USD/ZAR at R12.6250, Take Profit R11.9250, Stop loss R11.4500
Losers to Sell
One more day of this tax year, you should consider netting off any losers against winners to reduce capital gains.
This will allow you to re-base your purchase prices higher on the stocks you still want to hold onto going forward. Remember the first R40,000 of capital gains is exempt and you can roll over capital loses to following tax years.
Long Term Ideas
Sasol: A break above R412.50 is needed. Buy below R400.
Aspen: Moving up, buy dips below R260.
Sygnia: Add below R12.50.
PPC: Moving in the right direction, up over 10%. Hold
Santova: Buy below R3.00.
Merafe: Accumulate below R1.55.
Jubilee: Under pressure. Hold.
MTN: Buy Dips below R122.50
Glencore: Diversified Commodity exposure. Hold
Wescoal: Long term buy. Add below R1.80
Naspers: Buy dips below R3,300, while ensuring you aren’t over-exposed
Get your Free Retirement Review
With retirement legislation amendments, it’s important to check if your current asset allocation is suitable for your retirement objectives, Contact Gavin McCarter at Prodigy Asset Management to claim your free retirement review. firstname.lastname@example.org