Luxury sports car maker Ferrari looks likely to list on the New York Stock Exchange by the end of 2015.
Fiat Chrysler Automobiles (FCA) approached regulators in the US for an initial public offering of the car brand.
Let's take a closer look at what's going on…
FCA plans to float 10% of Ferrari on the stock market
With FCA having “one of the highest debt piles in the industry,... ››› more
One way to protect your assets from creditors and to easily pass on your assets to your beneficiaries is to set up a living Trust, otherwise known as an Inter Vivos Trust.
There are two different types of Inter Vivos Trusts.
So what are the differences between the two? And which one is your best option?
Read on to find out…
What is an Inter Vivos Trust?
An Inter Vivos Trust is... ››› more
There's a new stock exchange in the process of starting up in South Africa.
It's the first exchange that's applied that's got as far as the public comment stage.
And if this application is successful it'll be the first new exchange in South Africa in the last 120 years.
The reason why I'm so excited about this new exchange is its target market. Is aim is to give a home to small, agile companies... ››› more
Investing in gold may not be at the top of your portfolio priority list.
After all, the yellow metal doesn't pay you anything in return for holding it. And since its 2011 high, the gold price has been on a downward trending roller coaster ride.
But you can't ignore the merits of holding some of your portfolio in gold.
Read on to find out why you should hold gold in your portfolio today a... ››› more
Founded in 1988, Richemont is a luxury goods holding company based in Switzerland. Richemont owns leading luxury brands such as Cartier and Montblanc. It's one of the Johannesburg Stock Exchange's Top 40 companies…
Full name: Compagnie Financière Richemont SA
Short name: Richemont
Ticker: CFR
Sector: Personal & household goods – personal goods
Five top facts about Richemont
Fac... ››› more
From a very young age, we're ingrained with a powerful short-term reward system. We're taught to eat on day one and we get the reward of satisfying our hunger. This immediate gratification teaches us to always eat when we're hungry.
As we began with our education, we are rewarded when we do well in our exams and tests, by going up grade levels.
And as you get better with our grades, we soon ... ››› more
“There is no crisis with the supply of coal to Eskom.”
These are the words of Brian Molefe, Eskom's new acting CEO in an interview with MiningMX.
Clearly he's unaware of the fact that Glencore is busy closing down its 10 million tonne a year Optimum Coal operations…
Or perhaps he's forgotten about the fact that a huge amount of Eskom's long term coal agreements are coming to an end ... ››› more
When you buy a stock and it doubles, what do you do?
Many investors would sell, feeling that they had made a good profit. Then, they sit on the sidelines and watch as their stock goes higher and higher - cursing that they've sold too soon.
Founder of Agora Publishing, Bill Bonner gives a great example of this: Financial writer Richard Russell of the Dow Theory Letters invested in Warren Buff... ››› more
Finding the best shares to buy when it comes to penny stocks can seem a daunting task. Which penny stocks are going to give you the best chance of profits?
To answer this question, it's worthwhile finding out from a penny stock expert.
Read on to uncover this penny stock expert's tips to find the best penny stocks to buy…
The key indicators of a good penny stock
If you want to fin... ››› more
If you start reading about trading systems, you will find a plethora of ideas. People are using all kinds of indicators, chart patterns and even moon phases to make ‘profitable' trading systems around it.
When you're working with a mechanical trading system, you think of a strategy with a clearly defined set of rules that can be automated. When you mention a discretionary way to trade, most p... ››› more
This week saw the arrival of the first Bitcoin wallet developed in South Africa.
The wallet's main focus is its ease of use whether you're new or experienced when it comes to Bitcoin. And it looks like it has hit the mark with its appealing interface.
Let's take a closer look at this latest Bitcoin development in South Africa…
A proudly South African Bitcoin wallet
BitX has just l... ››› more
Late last week it emerged the chairman and co-founder of Hosken Consolidated Investments (HCI) Marcel Golding was suspended.
This came as he was under investigation by HCI for alleged gross misconduct.
Late yesterday, Marcel Golding stepped down from his position at HCI.
Let's take a closer look at what went on…
HCI suspended Mr Golding over a significant purchase of shares in Ell... ››› more
Late yesterday, following HCI's executive chairman and co-founder Marcel Golding's approach to the labour court over disciplinary proceedings, the reasons behind his suspension came out.
The proceedings relate to a R24 million purchase of shares in Ellies. But there are a number of other issues surrounding the story.
Let's take a closer look at what's going on…
HCI alleges Mr Golding... ››› more
Last night after the market closed, Hosken Consolidated Investments (HCI) revealed that it had suspended its co-founder and executive chairman Marcel Golding.
This morning, shares are under pressure as the market digests the news.
Let's take a closer look at what's going on…
HCI suspends Marcel Golding on allegations of gross misconduct
HCI [JSE:HCI] suspended its “executive cha... ››› more
The CEO of NASDAQ-listed Overstock.com recently launched a wiki page to explore the idea of a Bitcoin stock exchange. Patrick Byrne came across 13 other groups working on similar ideas.
He's now created a division within his company to drive this idea from a dream into a reality.
So what's the idea behind the Bitcoin stock exchange? And what would be the advantages of such an exchange?
L... ››› more
So you invest your own money, pick your own shares? And to do so you read as much as possible? You frequent Moneyweb, Fin24, Mining.com, Mining weekly etc.
Guess what?
Chances are you could be damaging your investment portfolio by being this ‘well informed'!
If you read the news this past month your portfolio composition would’ve changed FOUR times
Yep – one of the news sites I fr... ››› more
Last year, I attended the “The Pursuit of Wealth and Happyness” event.
Multi-millionaires took the stage and revealed their golden nuggets of achieving huge success.
One gentleman that spoke was Brian Walsh.
He is #1 expert on making big money on the internet and is the founder of the REAL entrepreneur.
Brian has spent the last 42 years achieving mediocre success. But that's wh... ››› more
Earlier today, African Bank Investments issued its quarterly operational update.
The bank revealed is would post losses for the full year of at least R6.4 billion for the full year. The lender also said its CEO was stepping down after more than 20 years.
Shares in African Bank plummeted on the news as investors' offloaded shares.
Let's take a closer look at what's going on…
Poor ... ››› more
Yesterday, South African online payment provider PayFast announced that it's now accepting Bitcoin as a form of payment.
Buyers using PayFast can now select Bitcoin as a form of payment. The company's move demonstrates the growing popularity of using the digital currency as means of payment.
Let's take a closer look…
PayFast and BitX bring Bitcoin to SA
PayFast has enabled “Bitcoin a... ››› more
Earlier today, the National Credit Regulator (NCR) said it had told the UK payday loan company Wonga to improve aspects of its compliance at its South African arm.
The regulator found the company wasn't conducting the checks required of it.
Let's take a closer look at what's going on…
Wonga applied poor credit checks
The NCR says it has instructed “the local unit of British payday le... ››› more