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Retrenchment

  • Why this JSE stock is on my “BUY” list!
  • Uber is one of the most amazing success stories in recent history. As I write this the company is worth $88 billion today. But it doesn't own any vehicles. And it doesn't pay salaries to employees. In fact - the company is estimated to have between 3 and 4 million drivers around the world. Yet the company doesn't have a fraction of the overheads a business with 3 million employees would h... ››› more
  • [12 May 2022]
  • Why you need to be wary of this accounting trick before you invest in stocks
  • Early on in the COVID-19 pandemic there was a ‘nerdy' accounting joke doing the rounds saying that soon we'd see EBITDAC - Earnings before interest, tax, depreciation, amortisation and corona. While there's no ‘official' accounting term like that - companies results do show the effects, the pandemic has had on them. And many are opting to call it ‘once-off expenses. Suddenly the ner... ››› more
  • [04 September 2020]
  • Covid-19 has destroyed my job - what now?
  • Over the past few weeks, many clients have contacted me to discuss their prospects in the face of looming retrenchment and salary cuts. Some are facing early retirement; others have been forced into unpaid leave which means their savings are starting to suffer. All of them are afraid of what this means for the future. There is no question, the economic impact of the Covid-19 pandemic and the r... ››› more
  • [04 June 2020]
  • If you are retiring in the next 12 months, you must read this now
  • Almost everyone dreams of retirement as a time of peace and relaxation but, in reality, the retirement process is probably the riskiest financial event in your life. There are two main reasons for this. Firstly, the decisions you make today will decide the quality of the rest of your life. Secondly, it is virtually impossible to recover if you make a mistake. By definition this is as r... ››› more
  • [06 June 2019]
  • Three common mistakes that can cost your retirement a fortune
  • I'm only 28 but I'm not like most under 30s… I constantly think about my future retirement nest egg. And its most likely because I've worked in the investment industry for eight years and surrounded by a lot older colleagues. I've also been lucky enough to attend a lot of our global investor conferences where I got to chat to people a lot older than me… People either preparing to retir... ››› more
  • [11 March 2019]
  • The fastest growing investment sectors in South Africa - and where I'm putting my money
  • Over the past three years, the JSE's Financial index would've made you around 7%. The JSE's Industrial's index would've returned around 27%, and had you invested in the Resources Index, you'd have lost a whopping 38% over the same period. Clearly, you need to pay attention to where you're investing if you want to make money in today's tough market. So, as we're heading into the last qu... ››› more
  • [21 September 2017]
  • Onelogix defies all odds with its latest results announcement
  • Onelogix released results for the year ended May 2017 on 24 August. As I expected the company posted strong results. Considering South Africa is in a recession, and the company's main market is connected to car sales (which fell steeply in the second quarter of 2017), results are incredible! Onelogix results are as follows: Revenue up 12% from R1.77 billion to R1.99 billion ... ››› more
  • [21 September 2017]
  • I nearly choked when I read this…
  • On August 31 President Jacob Zuma told the Business Day Newspaper that: “The economy is sick.” and that only “government tightened its belt.” (After handing around above CPI wage increases to all manner of public workers - and bailing out SAA, the SABC and any number of other state-funded white elephant money-pits. Not to even mention Nkandla...) Then our dear president said “Sho... ››› more
  • [07 September 2015]
  • There's a trading war between two telecoms giants Here's how to profit from it…
  • Telkom has had a number of advantages over its rivals, including its monopoly legacy and infrastructure which locked South Africans into contracts and its expertise in building fixed-line networks. Subsequently, Telkom has kept a firm control on fixed-line services in South Africa. But one recent announcement is about to change all this. It's about to start a very interesting "war" in th... ››› more
  • [15 July 2015]
  • Eskom warns of tight power supply tomorrow and into the weekend
  • Earlier today, Eskom said it believes its power supply will suffice today, but it's a different story tomorrow and over the weekend. The power utility says it has concerns over an electricity shortfall. Let's take a closer look at what may lie in store… Brace yourself for more load shedding Spokesman for Eskom, Andrew Etzinger, says they have concerns about its power supply tomorr... ››› more
  • [27 November 2014]
  • Telkom's earnings take a hit as restructuring gets well underway
  • Earlier today, Telkom released its results for the six-months to the end of September. The telecoms company posted a big hit to earnings as restructuring costs mount. Let's take a closer look at what Telkom revealed… Telkom posted a fall of 67% in earnings Telkom [JSE:TKG] reported a drop of 67% to its earnings for the first half of its financial year, reports Fin24. One of the ma... ››› more
  • [17 November 2014]
  • Lonmin dismisses reports of mass retrenchments
  • It's been a tough year for Lonmin so far. A five-month strike in the platinum sector hit its production. Yesterday, reports speculated that the platinum miner had plans to let go up to a fifth of its workforce. But the CEO of Lonmin, Ben Magara, says this is untrue. He says the miner is concentrating on increasing production. Let's take a closer look at what's going on… Lonmin foc... ››› more
  • [26 August 2014]
  • Unions get ready to fight Telkom over retrenchments
  • Yesterday, the South African Communications Union (SACU) said Telkom planned to cut 9,000 of its 19,000 workforce over the next six months. Both SACU and Solidarity are preparing to take Telkom to court over the possible job losses. Let's take a closer look at what's going on… Telkom refutes claims of 9,000 job losses in six months Telkom denies the SACU’s claim that Telkom plans to let go... ››› more
  • [09 July 2014]
  • Just when the platinum sector strike looked to be ending…
  • …The union appears to change its demands. This follows the Association of Mineworkers and Construction Union (AMCU) and the platinum producers agreeing ‘in principle' to a resolution at the end of last week. But now it's emerged that the union has issued further demands. An end to the lengthy strike is starting to look further away. Let's take a closer look at what's going on… The AMCU is... ››› more
  • [18 June 2014]
  • Jobs could be on the line as the platinum sector strike nears 20 weeks
  • Tomorrow marks 20 weeks since members of the Association of Mineworkers and Construction Union (AMCU) downed tools at the world's top three platinum producers. And despite numerous interventions and mediators along the way, the strike looks no closer to an end. The situation is edging on desperate. And now job losses could become a reality of the lengthy stoppage. Let's take a closer look at what'... ››› more
  • [11 June 2014]
  • Despite a 12% slump in production, Harmony reports a profit
  • Earlier today, Harmony Gold released a trading statement covering the three months to the end of March. This is the gold producer's third quarter. Offsetting a fall in production was a better gold price. Let's take a closer look at Harmony revealed in its update… A higher gold price helped Harmony Harmony says it has turned things around and posted “a quarterly profit despite a fall in ... ››› more
  • [06 May 2014]
  • Provident funds and retirement planning: What you need to know
  • When it comes to retirement planning, there are a lot of factors you need to consider. From age to lifestyle and even life expectancy - it all comes into play in the retirement strategy you choose. So does the vehicle you choose to invest in. And one of your choices there, is a provident fund. Here's what you need to know about them… What is a provident fund? As The South African Investor... ››› more
  • [17 March 2014]
  • South Africa's unemployment rate ebbs slightly to 24.1%
  • Earlier today, Stats SA released its quarterly labour force survey. It showed the number out of work dropped slightly from the previous quarter. And it was at its best level in nearly two years. Adcorp released its employment index yesterday. This reflected the poor state of affairs in the South African job market. Let's take a closer look at unemployment in South Africa… Today, Stats SA showe... ››› more
  • [11 February 2014]
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