PAGE 2 PAGE 4 PAGE 8 PERSONAL FINANCE// COVID-19// INTERVIEWS// WEALTH ADVISORS// FREE LUNCH OF THE DEBATE ON COVID-19 TRANSNET LOOKING INVESTMENT THEMES INVESTING WORLD VACCINES RAGES ON TO PRIVATE SECTOR FOR REST OF 2021

BizTHE RATIONAL PERSPECTIVENewsDigest WWW.BIZNEWS.COM SATURDAY 21 AUGUST 2021 BIZNEWSCOM The ugly truth about RAs – Heystek BRIEFS Investment strategist Magnus Heystek shares the ugly truth about retirement annuities in this hard-hitting interview. Worse, Over the government have made amendments to the regulations that make it troublesome to access your pension in the event of immigration. Heystek says he rarely advises retirement annuity-like products to his clients, due to their illiquidity as financial 100,000 instruments. He also lambasts the front that many of South Africa’s largest financial institutions put on when it comes to the tax SA mineworkers benefits of these products, outlining that the benefits simply do not outweigh the costs. – Justin Rowe-Roberts vaccinated

in various retirement products that they’ve been told to invest in all their lives. And they need that money Hackers got to set up a home or an office or a lifestyle somewhere else. But now sensitive data on that money is locked up. Now that’s already creating a lot of anger and a 40 million lot of uncertainty. people, says And lo and behold, last week government came with a new draft T-Mobile taxation bill which said, in addition to the three-year waiting rule, there will Magnus Heystek on the situation be an exit tax applied to those people Govt wants with retirement annuities in South who decide to formally immigrate. South Africans Africa So that is not only immediate, it has “Before the unrest in KZN, a very severe impact on people who change your mind. You might want and destitute. But you putting your to pay 12% government came with certain want to immigrate and they need to immigrate for whatever reason. money into a monkey trap, you can proposed changes under what the money now – that’s now very put your hand through the trap, but of earnings into circumstances you can withdraw debatable how long they’re going How to transfer your you can’t withdraw it. And that, to state-managed money from a retirement to wait and what taxes they have to retirement fund out of South me, is very dangerous. And we need fund annuity (RA), pension fund and pay. But the question many people Africa in 2021 and beyond to debate this.” provident fund when you decide – younger people, professional to immigrate. Up to now, financial people – they might not even be It’s your money. The government On new amendments to the pension World’s biggest immigration was fairly simple. You contemplating retirement now but is actually saying – it’s not actually fund amendments would financially immigrate and they might some time down the road. your money. We gave you that tax- “That’s correct. It’s not only your sovereign wealth you would pay certain taxes, you There might be another flare up. Now, free gap to put money in. We have a retirement annuities, it’s also your fund earns will withdraw your money and the big question is – is an RA still right what you do with your money pension fund and or preservation it will leave with you when you worth it? Should you even consider when you pull that out. Now, that fund. Retirement capital now stays decide to immigrate. Now that an RA in the sense that it’s already a to me is very ominous. And people in South Africa. You can go – you R1.6trn ruling was changed, so there’s a very illiquid investment instrument must be made aware of the fact that and your family can go, but the in first half three-year waiting rule, which is – it’s subject to Regulation 28 of the government is already doing it and money remains behind. You start bad enough. Government has said Pensions Act, which has severely will increasingly exercise control your process and you have to come your money must remain behind impacted your growth because over your retirement money. Which back three years later and you have when you decide to immigrate. you were allowed 30% of offshore them, together with the retirement to prove to someone in Treasury July unrest saw Now that’s already creating exposure over the last 10 years. planning industry, has been urging that you have immigrated.” over consternation amongst a lot of And now you’ve got the uncertainty you to put money away on the basis R119m people who might be middle-aged that although you’re building up that people retire with not enough Listen to the full interview in ‘hard cash’ and might have R10m or R20m some retirement capital, you might money and they’re going to be poor stolen from banks and ATMs Subscribe here for your weekly BizNewsDigest Subscribe now

The BizNews Shop Everything from Investing like Warren Buffett to Cyril Ramaphosa’s audiobiography by Anthony Butler (Read by Alec Hogg) 2 | SATURDAY 21 AUGUST 2021 WWW.BIZNEWS.COM COVID-19 Covid-19 vaccines: the debate rages on

ast week, a video was uploaded to health issue. I think if one wants to put some vulnerable individuals. This disease is the first Bitchute in which Dr Susan Vosloo, perspective just for this country briefly; the medical condition ever that is predominantly, DOWNLOAD THE FREE SA’s first female heart surgeon, raised expected usual deaths from flu annually is I would say, ‘mismanaged’ – not by Lgrave concerns about the safety of Covid-19 about 0.1% to 0.3% of the population. Now knowledgeable people but by politicians, BIZNEWS.COM APP vaccines. Dr Vosloo also questioned the if we just consider our country that has a bureaucrats and academics. And it’s fueled manner in which Covid-19 has been population of just over 60 million – the death by relentless scaremongering created by the addressed, stating that, “this disease is rate so far is about 72,000 in about a year media.” the first medical condition ever that is and a half. So if you calculate the deaths per predominantly, I would say, ‘mismanaged’ thousand of the population or in terms of the On the suppression of early treatment – not by knowledgeable people but by total population – we are at 0.12% compared modalities BN politicians, bureaucrats and academics. to the US that is at 0.18%, nearly 0.19% and “From the beginning, it was very clear that And it’s fueled by relentless scaremongering the whole world is at 0.05%. So for such a there was no interest whatsoever in treating created by the media.” The video received small number of potential deaths, there’s patients and relieving suffering and preventing fierce pushback from the medical profession been huge implications for the normal and death. The vaccine was shown as the only Click on the links below to as being a contributor to the increasing healthy society. potential saviour and the official advice was download your own free vaccine hesitancy in the country – which If one compares with the Spanish flu that that this was a disease like the flu with a BizNews.com App is said to be a major roadblock to the vaccine happened in 1918, more than 5% of the world vascular component that was untreatable. The rollout. – Nadya Swart population was killed – so this really pales suggestion was made that people should just into insignificance. But I think one has to stay at home, do nothing until they are not Dr Susan Vosloo on Covid-19 and its low acknowledge [it] as ongoing and if this was able to breathe anymore and then seek help. mortality rate started as an artificial disease where there are That is far too late. Some well-known, early “I was asked to speak about the gene therapy people getting sick, there are people dying – I treatment modalities have been suppressed that’s disguised as Covid vaccinations and don’t think one can exclude the potential for – you know what they are. The one drug the question was ‘are they effective and are more waves to come. And what astonishes one was connected with the previous American they safe?’ I think one of the views that really is that the waves are predicted and they predict president. Fabricated and discredited scientific appealed to me is that the vaccine was not when they come and predict when they go study followed that has been – in medical and this has also been discredited continuously brought in for Covid, but that Covid was and one just wonders how that happens. history, quite embarrassingly – retracted by – even going so far as to writing scientific brought in for the vaccine. And once one Another new experience for us in healthcare two of the biggest journals that exist. papers where it is called ‘a right-wing drug’ realises that – there are many things that is that historically, health issues have been The other drug that some people refer to as which is really hard to take seriously.” make more sense. managed by medical professionals – focusing ‘vitamin I’ has also been shown to be effective Like Dr Kirsten said, this is not really a on the sick and taking care of protecting by many people treating these patients early Watch the full video here

The minimum investment GOLDEN VISA amount will be raised to Є500k in a few months, so it is essential to seize this PORTUGAL phenomenal investment opportunity while it is still A last chance for an exceptional available. investment opportunity at €350k

Brought to you exclusively by Sable International – a singular qualifying investment for the Golden Visa in the Rebello luxury hotel in Porto. The latest venture from experienced property developers with a proven track record of success.

Speak to our team, the Golden Visa market leaders, to find out how our services of wealth management, foreign Hands-off investment exchange, tax and accounting, immigration and nationality all work together to provide you with an exceptional experience from start to finish.

No hidden costs

No transfer duties + and taxes 27

(0 ) 2 1 6 5 Get in touch for 7

an obligation-free 1 5

8 consultation 4

im @ sab leinternational.com 3 | SATURDAY 21 AUGUST 2021 WWW.BIZNEWS.COM SA INVESTING Sasol, Naspers & Covid-19 IN SHORT avid Shapiro joins the or not, it’s still their main asset. One SA plans to introduce a vaccine passport BizNews Power Hour has got to try and work out where South Africa plans to introduce a vaccine passport, but there are still all the way from Boston, China are heading. Each day, they many hurdles to overcome before this is implemented. Director-General DMassachusetts. The Chief Global seem to change or shift direction. I of Tourism, Nkhumeleni Victor Tharage, said in a briefing that the most Equity Strategist of Sasfin think people are still very concerned important issue as it relates to vaccine passports is a lack of uniformity Securities touches on the mood about what the future of the Chinese with regards to standardisation. surrounding Afghanistan in economy is. It’s more the political the US, and comments on how side of it – and how they are going Covid-19 has affected businesses to apply their authoritarian rule to Gold Fields looks to replace depleting mines in the Big Apple. Together with businesses. You dare not step out of Gold Fields’ new CEO is looking at ways to replace depleting mines as Alec Hogg, Shapiro weighs in on line. “This is how we think and as output is projected to peak in three years’ time. Production will rise to Sasol – which recently released long as you think within the same 2.7 million ounces by 2024, which is as much as 400,000 ounces above their results – and Naspers/Prosus, lines, you’re okay.” I think we’re the forecast output for this year. While the Salares Norte project in which recently concluded its share going to have lots of ups and downs. Chile is expected to bolster output from 2023, Gold Fields will come swop. – Jarryd Neves Tencent, Alibaba – all these under pressure as older mines near the end of their lives. businesses are huge – and I think On how Covid-19 has affected David Shapiro is the deputy the Chinese are very proud of it. businesses in the US chair of Sasfin Securities I’m still a little concerned. Everyday “In New York, from today, if you’re you wake up, you don’t want to Up to 80% of SA’s may have contracted Covid going to a restaurant, you have to – and what we have to do – is find another shock. I think they’ve As many as four out of five South Africans may have contracted the show your vaccination card to actually go through the full details even stated that this is a five-year Coronavirus, indicating that the country may be one of the world’s [prove] that you’ve been vaccinated. of what remains and how strong look into businesses and how they hardest-hit nations by the disease. Discovery Health’s Emile Stipp based You can still eat outside, but there’s the remaining businesses are, to want it. Remember, it’s a communist his calculations on the country’s case-fatality rate and excess deaths, a still quite a bit of concern. I want to actually try and get back to where country. A communist country looks measure of the number of fatalities compared with a historical average. make this differentiation – there’s they were. I think that’s where the after its people and wants them to Wall Street and there’s Main Street. answer is. The market is down a bit be equally educated, [receive] equal Wall Street is doing brilliantly, today, and I think it’s simply because health – all those kind of elements. Cathie Wood’s sceptics become more vocal because those companies have they’ve given warnings about lower When these businesses start to buy Sceptics of superstar fund manager Cathie Wood are increasing and survived, they are vibrant and production ahead. away from that element and get too becoming more vocal. High-profile hedge fund investors such as Michael money is going in – they’ve got I’m assuming that they’re not as big for their boots, they cut you Burry, made famous by “The Big Short” movie, have disclosed short liquidity. But from the hairdressers [productive] in the chemical sector down to size. I think that’s going to positions against Wood’s flagship exchange-traded fund, while some [and the] restaurants and to the and the fuel sectors. Other sectors be our big challenge, how we look at appear to be trying to spar with her on social media and an anti-Ark lower levels, I think the pain is won’t be as strong as they were (this it. I suppose the hope is that Bob van ETF is also in works. still being felt. You can still see so coming year) for whatever reason. Dijk with Prosus can actually find much retail space up for rent in New Sasol is in far better shape and credit something to compensate for that. York. I’m having a debate about this, to management for getting it there I haven’t found anything yet – it’s Former President Jacob Zuma hospitalised but the tourists are not there. I just and taking down the debt to the lots of bits and pieces. They’re doing Former President Jacob Zuma, currently serving a 15-month jail term for haven’t seen the tourists in New levels that they have. But that always OK, but I don’t think they’re doing contempt of court, has undergone surgery for an unspecified condition, York. The big department stores; you comes with a price – sometimes you well enough to really take away the and is due to have further procedures carried out in coming days. Zuma, don’t see throngs of people there.” have to sell some of the crown jewels appeal of Tencent.” whose arrest last month triggered a wave of protests and looting in to get to that point of survival.” parts of the country, will remain hospitalised close to his prison, the On Sasol Listen to the full interview Pretoria-based Department of Correctional Services said in a statement. “Sasol has done numerous things On Naspers/Prosus to get back to where they are at “I think we’ve got to look at the SA needs to roll out the red the moment. What I want to do Chinese story. Whether we like it carpet to investment Visit BizNews.com for the latest business and finance news Sasol was cheap at R20 – still cheap at R200

By Justin Rowe-Roberts the oil price being incredibly strong, R40 per share. That puts Sasol on although predominately towards the a 5x price-to-earnings ratio (PE) latter part of the financial year. Cost (earnings of R40 on a share price he darling of the local cutting initiatives also contributed of c.R200). Let’s fast forward a year, bourse over the past 12 positively and management seem and although I’ve noted above that to 18 months and one of determined to ramp up cost- it is very difficult to forecast these TSouth Africa’s most intensely saving measures to ensure optimal earnings given the volatility in followed companies, Sasol released efficiencies. the spot commodity prices, let’s its results for its financial year-end As noted above, commodity prices say headline earnings is going to to 30 June 2021. Rewind a year or are not easy to predict. So I’m not be R50 per share. Given where oil so back and this was a company on going to go out on a limb and try and chemical prices are currently the brink of financial collapse. The predict the oil price a year out from and have been for a while now, current numbers are incomparable now (or chemicals prices for that I don’t think the R50 level is an to last year’s on almost every level been remarkably robust since the many of these counters don’t fit the matter), because the likelihood unrealistic earnings target, rather with oil and chemical prices vicious sell-off in March 2020. Many environment, social and governance of my being correct is extremely quite conservative. That puts Sasol turning around by multiples of commodity counters, including (ESG) standards demanded in this low. What I do think has merit is on a 4x forward PE. An argument last year’s prices. Sasol, are trading at extremely day and age, thus trading at low to outline a few relative valuation for the low PE could be Sasol’s As a commodity business – Sasol cheap levels compared to its current multiples. So despite companies like indicators and some reasoning large debt burden – which stands is a price taker, meaning that earnings profile given the strong Sasol printing money, the market is behind why the multiples make at around R100bn, however at a 1.5x they take the underlying spot commodity prices. The market is concerned around the sustainability very little sense. net debt to EBITDA, one can hardly commodity price. They don’t have basically saying that it doesn’t expect of these earnings going forward. Sasol’s headline earnings per share, call that levered. any pricing power. Commodities these strong commodity prices to At a high level, the results were which is the primary barometer are notoriously hard to predict but persist for a prolonged period of interesting with chemicals being of performance for JSE-listed the broader commodity market has time, combined with the fact that the major driver of earnings, despite companies, was a shade under Read the article here 4 | SATURDAY 21 AUGUST 2021 WWW.BIZNEWS.COM BIZNEWS POWER HOUR State-owned Transnet seeking private partners rancois Nortje joined the BizNews complex organisation. These state-owned On what will happen to Transnet in all of this Power Hour to discuss the recent entities need the help of private sector guys “They’ll get smaller. It’s basically what’s statement from Transnet CEO Portia who specialise in that. I honestly think it’s happened to SAA, [getting] the private sector FDerby, who announced that the SOE will be the way forward and hopefully the unions in. It’s basically what happened with Telkom, seeking private sector partners to purchase will support it and see why it’s happening. which was a fully state-owned company. They stakes in two container terminals, Durban sold shares and got private sector guys to and Ngqura – two of the world’s worst- On what the potential partnership with private run it. It looks like that’s the model we are performing ports. Speaking to Bloomberg, sector companies could mean for Transnet following in South Africa. If we can just speed Derby said that the plan is “really important “I think they’ll have to allow two or maybe it up and take it to its natural progression, then three [companies] to create competition. for improving the performance of our port it will be good for us because this is needed. There’s a few people that can get involved – system.” Nortje joined BizNews founder We’re not going to have full privatisation, Cosco can get involved. They took over some Alec Hogg to discuss what the privatisation it looks like it, under the current ANC port in Greece seven to eight years ago. It was of Transnet would mean, how much happy [about this decision], it is something a terrible port, not featuring on the radar. government. But at least they acknowledge investment would be required and how it that we needed.” Now, it’s the best port in Europe. Then, there’s that they need some expertise. I think they would work. – Jarryd Neves the guys that run Singapore port – I think got stunned by the World Bank report, where On whether anyone would want to take control they’re called Hutchinson’s. There’s Dubai Transnet Durban was, I think, the third worst Francois Nortje on Transnet seeking private of Transnet ports port, Maersk and MSC. There are six people port in the world. They need [the] private sector partners “I’m sure there’s people that will take over, if that, I think, can compete to run on portions sector to be as productive, innovative, clever “There [have been] rumours to that effect they’re allowed. There’s enough cargo flowing of [the ports]. They can [also] share the Natcor and [share the] best techniques in the world to since the beginning of last year, but you never through, so there’s money to be made – it’s line to Johannesburg and each have a terminal reduce losses [and] to make it actually viable.” know with [hearsay]. Now, however, we’ve just specialised stuff that’s involved. It’s not there. We can have efficiencies and the whole got a formal announcement. We spoke about [like] running a little shop. I spoke to a friend country can benefit. Logistics costs can come Listen to the full interview [this topic] three weeks ago – private sector about this recently, and we’re of the humble down because we need the whole system to help is needed. It is a big organisation and it’s opinion that Transnet needs somebody like work – road and rail. We can’t just have the The mess that is Transnet should be complex. I think it’s the right thing. I’m very Brian Joffe or Gianni Ravazzotti. It’s a big, N3 to do the job.” split into 10 or 12 private businesses

Click here to catch the live stream of the BizNews BizNews Power Hour Power Hour, weekdays from 5:30 - 6:30pm. Ninety One investment legend John People trusted the ANC like I did - with Alec Hogg Biccard on two of his top 10 holdings and now they are gatvol! The BizNews Power Hour, hosted by Alec Hogg, airs weeknights at 5:30pm on BizNews A2X chief executive Kevin Brady joins the BizNews team on a day Cape Town’s Fine Music Radio (101.3FM) and in Johannesburg at 7pm on ChaiFM Power where trading has been suspended for more than five hours on the JSE. (101.9FM). You can also catch it on www.biznewsradio.com. Hour Record volumes, where over R140bn was traded mainly as a result of the rebalancing taking place in the wake of the Naspers/Prosus share swap, was the reason for the significant delay.

BizNews FNB, along with many other businesses in the market, have reignited Power a call for the private and public sectors to prevent ‘brain drain’ by BizNews Steven Nathan unpacks what the potential turnaround of Transnet Hour investing in high-quality critical skills in domestic markets. BizNews Power could mean. Also, Michael Burry shorting Cathie Wood’s flagship Ark interviewed Jacques Celliers, the CEO of FNB, to find out more about Hour Innovation ETF finished off the discussion, with Nathan stating that the brain drain challenge that South Africa faces and the ways in which Burry is a very respected person within the global investment fraternity. young South Africans can equip themselves with critical skills. “You want to listen to what Michael Burry has to say.”

Francois Nortje joined the BizNews Power Hour to discuss the statement Mining guru Peter Major is the go-to man for anything resource-related, BizNews BizNews from Transnet CEO Portia Derby, who announced that the SOE will with the veteran mining director cautioning investors on a day where Power Power Hour be seeking private sector partners to purchase stakes in two container Hour Sasol, Northam and Impala Platinum announced results and earnings terminals, Durban and Ngqura - two of the world’s worst-performing guidance. Major noted that the drivers of Sasol’s earnings - chemicals, ports. Nortje discussed what the privatisation of Transnet would mean, was largely unexpected by the market given the robustness in the oil how much investment would be required and how it would work. price since the beginning of the year. 5 | SATURDAY 21 AUGUST 2021 WWW.BIZNEWS.COM BIZNEWS TV

gainst all odds, Zambian opposition leader Hakainde Hichilema won the national oining the BizNews Power Hour is Phil Craig of the Cape Independence Advocacy election in a landslide victory against incumbent President Edgar Lungu. In light Group. While various people on both sides of the Cape independence debate have of this victory, Alec Hogg caught up with ActionSA founder Herman Mashaba – an plenty of opinions on the matter, Craig has done a poll in order to obtain hard facts. Aunderdog that many South Africans hope might be this country’s saving grace. JAbout 58% of people in the Western Cape want a referendum on Cape independence.

ormer President Jacob Zuma, currently serving a 15-month jail term for contempt ack Miller of the Cape Independence Party told the BizNews Power Hour that “the of court, has undergone surgery for an unspecified condition and is due to have Cape has been largely insulated to a lot of the destruction seen in other parts of South further procedures. Zuma, whose arrest last month triggered a wave of protests Africa. I think that it’s now becoming blindly obvious to everyone living in the Cape Fand looting in parts of the country, will remain hospitalised close to his prison. Jthat there is no future for South Africa.” Visit BizNews TV for the latest videos

John Steenhuisen on new Zambian president Zweli Mkhize, Digital Vibes corruption saga David Shapiro on Sasol, Naspers & Covid-19

Positive outlook for rand despite cabinet reshuffle Crowdfunding for SA’s Olympic medalists Vaccine hesitancy mounts in South Africa 6 | SATURDAY 21 AUGUST 2021 WWW.BIZNEWS.COM COVID-19 Covid-19’s moment of truth finally arrives ormer Sunday Times SA editor the categories of cancer, asthma, bronchitis of all coronaviruses, only Covid-19 could be Brian Pottinger writes below that and emphysema. entered as a cause of death in terms of CDC the moment of truth for Covid- Amidst massive withdrawal of health care protocols. F19’s “orthodox narrative” has finally cover in 2020 due to the panic response to the As fatality numbers started falling alarmingly arrived. Pottinger notes that the majority Covid-19 outbreak, it is scarcely possible that below the epidemiologists’ fantasy predictions of authoritative reports from the UK and mortality numbers in these categories could by the end of the northern coronavirus 2020 US indicate “declines in either absolute suddenly and inexplicably decline, absolutely season, the clinical criteria for the virus were terms or in five-year average increments” or relatively. More than 440,000 procedures suddenly expanded by the WHO and CDC on in the categories of various life-threatening were after all postponed in National Health the flimsiest evidence to include alimentary illnesses, such as cancer. In preparation for Service hospitals alone in 2020. and even mental disorders. a Covid-19 outbreak, health care cover was The obvious conclusion is that deaths from The concept of “direct route to death”, halted for many in 2020. Pottinger notes these conditions were enlisted for Covid-19 meanwhile, established that anybody with a that in NHS hospitals alone, over 440,000 in a classic statistical body snatch. Covid-19 infection, whether active or not, medical procedures were postponed last That this should happen was entirely yesterday or six months ago, who died from year. “It is scarcely possible that mortality predictable given the systematic abrogation any cause other than trauma, ran the risk of numbers in these categories could suddenly of time-honoured reporting and verification being termed a Covid-19 fatality. and inexplicably decline, absolutely or processes by the World Health Organisation With over 200 million reported Covid-19 relatively.” The author questions the number (WHO) and the Centres for Disease Control cases to date, it is no surprise the numbers of deaths attributed to Covid-19 and asks (CDC) during the outbreak and especially underlying the “second” and “third” waves of an important question – who benefits from after. variants of SARS CoV-2 are so steep… and this narrative? – Jarryd Neves Within weeks of the outbreak last year, the challengeable. The Wuhan-strain of the virus WHO had ditched standard requirements that got us all locked up expired in June last Brian Pottinger wrote States of Panic: Covid-19 States of Panic: Covid-19 and the for laboratory verification of viruses before year and many of the subsequent strains and and the New Medieval a year ago. He revisits New Medieval by Brian Pottinger is cases could be categorised as “confirmed”: other reassortant viruses have no phylogenetic the issues first raised in his book in the light of available on Amazon (Kindle and print), guess work by front-line clinicians were good connection at all to the original strain but events and finds that while the virus was always Smashwords ebooks & Takealot to go and would automatically be termed many victims nevertheless ended up being serious, its orthodox narrative is unravelling. confirmed. classified Covid-19. They are now emerging. The defining criteria of olfactory and taste The price for this contempt of traditional By Brian Pottinger First, the most authoritative reports so far disorders were early dumped and all “clinically and meticulous reporting methods is now The moment of truth for the Covid-19 from the United Kingdom and the United compatible illnesses” i.e. all coronavirus coming home to roost. orthodox narrative was always going to be the States indicate declines in either absolute infections, qualified as possible and therefore release of the 2020 global mortality numbers. terms or in five-year average increments in “confirmed” Covid-19 infections, although Read the full article here

LEARN MORE ABOUT IMMIGRATING TO THE UNITED STATES WITH THE EB-5 VISA. CMB has helped over 5,800 families live their American dream for...

...a better ...a better family life retirement

...more education ...better business opportunities opportunities

...better healthcare ...travel privileges

5910 N Central Expy Suite 1000 7819 42nd Street West www.cmbeb5visa.com CMB REGIONAL CENTERS Dallas, TX 75206 Rock Island, IL 61201 [email protected] +1 (469) 638 - 8801 +1 (309) 797 - 1550 E 7 LEADING THE EB-5 INDUSTRY SINCE 1997 ST. 199 7 | SATURDAY 21 AUGUST 2021 WWW.BIZNEWS.COM RUGBY Putting new spin on rugby referee decisions

his year’s Lions Tour has raised what the energy transfer is – what the size of people engage with those sports. Formula One concerns about referee calls and the hit would have been. Once he did that, he has been producing data from the cockpit or the extended time spent on TMO thought, “well, surely there are other fans who around thermal imaging of wheels for decades T(Third Match Official) investigations. While would want to know this information.” He now. For us, it was about how we can use that other sports, like cricket and tennis, have told me this idea and the light bulb went off philosophy around data collection analysis benefitted from technology like Hawk-Eye, in my head which was, why was the defining and providing great insights for fans – but the oval shape of a rugby ball has made feature of the game that I love (rugby) missing for the sports that don’t have it. the application of this technology more from the fan engagement perspective? Why The sports that don’t have it happen to be some difficult. But two UCT graduates, Dugald didn’t we know anything about contact? Why of the biggest in the world – contact sports Macdonald and Peter Husemeyer, believe don’t we know anything about the forces in where you have really true fan engagement they can change this. They have founded a scrums or tackles?” and dedication, both at a playing and fan tech company called Sportable, which uses level. Our focus as a company is creating tools portable and scalable data collection to try On the idea behind Sportable that can allow sports to create a new set of and fill rugby’s ball-tracking hole. Dugald “He told me this idea, I had the light bulb assets [and] new monetisation opportunities Macdonald told BizNews that they wanted and I called him the next day and said, “could through data collection and analysis.” to improve the flow of the game with their Dugald Macdonald is a co-founder & you do it?” He, of course, said yes. “Great”, I ball and player-tracking technology. – Linda CEO at Sportable told him. “We’re starting a business.” That was On how the technology works van Tilburg the tip of the iceberg in terms of where we are “By tracking the ball, we can actually give Pete is the smart one, the technical one. today. The idea has evolved so much – but you an objective measure on improvements/ Dugald Macdonald on his business partner I’m on the commercial side – but Pete’s the that was the seed that was planted. What we changes in improvement. You want to be able Peter Husemeyer really smart guy. He’s got his PhD in Nuclear started to see once we explored the problem to analyse the ball, to measure the ability of “The story starts about 34 years ago [at] Engineering from Cambridge University, in more detail was that there’s a thirst for data players in key areas of that ball movement. Morningside Clinic in Johannesburg. One of which then took him into a career working in sport. Everyone wants more information. The second pillar of any contact sport is player my co-founders, Pete, and I were born two in nuclear power for space missions – he went The sports that are able to provide better movements. We want to understand how days apart in the same hospital. Our mothers to work at NASA. During his downtime, he information to their fans and their players players are working together as a team or how were next to each other in the maternity ward. was watching an ice hockey game and saw a are always going to succeed and perform at they’re working against their opposition, so We both grew up together, went to school massive body collision on the ice – a huge a higher level. we track the players with very high accuracy. together in Cape Town and both went to UCT. contact between two of the guys. Pete thought, It’s the sports like cricket and tennis, where We put a device on their backs and that allows Then we came over to the UK in 2010 to do “would that kill me?” Hawk-Eye is the ubiquitous technology. It can us to track them around the field. postgraduate degrees. I was at Oxford and Being a problem-solver, he didn’t stop there. show you how good players are at bowling or Listen to the full interview Pete was at Cambridge. He started working out from first principles batting. It’s totally transformed the way that 8 | SATURDAY 21 AUGUST 2021 WWW.BIZNEWS.COM WEALTH ADVISORS Investment themes that still hold promise

Brought to you by Brenthurst Wealth 2. The Asian giant awakens We, however, can reduce our impact on the It should come as no surprise that China’s natural environment if the right action is influence in global markets is rising. This was taken. fter what has happened in the past confirmed most emphatically in July when Back home, companies Like Ninety One 18 months, you might think only a BlackRock announced that it was treating and Old Mutual are truly making an effort fool dares to make predictions on China as a standalone market rather than to include ESG into their funds. South Africa, Awhat the future holds and where investors lumped with emerging markets. however, still has a long way to go from can find promising opportunities. Anyone watching global markets and news where our developed market counterparts Yet, here I am, crystal ball in hand, looking at will be aware of the so-called tech crackdown are, in terms of really making ESG part of what the rest of the year holds for investors. that aims to quell monopolistic behaviours. their business. The good news, however, is I’ve made it a little easier for myself by That is a developing situation that needs to that this is a trend that will only improve. At concentrating on investment themes rather be taken into account when weighing China Brenthurst, we are keeping our eyes peeled than specific opportunities. These themes have risks, but I see far greater upside potential. on this subject. been identified and researched by our team The country’s population, for one, harbours at Brenthurst, after which we partnered with a great number more families that will be 4. Out-of-the-box funds fund managers who share this view so that lifted out of poverty in coming decades. We’ve adopted the term ‘out-of-the-box’ to we can offer our clients the most appropriate This growing lower-middle class is sure to encapsulate themes that we see as perfectly solutions. accelerate the already strong consumer-led placed to benefit by virtue of the future impact With that in mind, in what remains of the influence on the economy. their industries and sectors will have. year, here’s where we see opportunities that So, in short, it might not be perfect, but one Take the likes of robotics, AI, genomics, clients could leverage to maximise their cannot ignore China. cloud computing, cyber security and returns. Sonia du Plessis is Head of Brenthurst future transport. These are all near-future Wealth Stellenbosch 3. Green shoots taking hold technologies or developments that are going 1. Offshore still offers compelling opportunities As I noted in an article earlier this year, ESG to reshape societies of the future. This is an evergreen theme for us simply In fact, I encourage younger clients with a is expected to continue as one of the hottest Clients interested in this theme would benefit because offshore markets offer a far greater higher risk tolerance to have the bulk of their investment themes this year. from Sygnia’s newly launched Itrix Solactive universe of investable stocks compared to liquid money in offshore markets. The alarming findings released earlier in Healthcare 150 ETF, Sygnia’s Health and what’s available locally. For retired or lower-risk investors, I advise August by the Intergovernmental Panel Innovation Fund, as well as its 4th Industrial Yes, there’s a chance the rand will strengthen them to have offshore exposure, but to also on Climate Change (IPCC) are sure to Revolution Fund. Brenthurst also has a couple in the short term, but its long-term trend is include some local bonds and cash in their spur governments and public and private of US Dollar-denominated funds we use that to continue weakening. For this reason, and portfolio for local liquidity. I’ve found that institutions toward greener futures. focussed on this type of theme. because rand-denominated offshore funds income funds are a solid option in this regard, The main headline from the report, in case fluctuate with the exchange rate, we believe although I suggest sticking to multinationals you missed it, was that climate change is you shouldn’t measure growth in rand terms. if SA counters are included in this mix. accelerating faster than had been predicted. Click here for the full article Are trading costs killing your profitability?

Brought to you by Blackstone Futures customer. They are sometimes termed as an the market spread and the price you see is inactivity fee, and no one likes to be ‘taxed’ for the price you get. Many of the markets, like doing nothing on their account. There is very indices and FX have narrow, fixed spreads here are many things to consider little justification for charging an account fee and this has enormous advantages, especially when choosing a broker to trade and it goes straight to the bottom line. They in volatile conditions. with. These may include customer may try and mask these fees as a compliance Tservice, regulation or product and platform cost but these are fixed costs which any Funding charges offering. You may have been swayed by business incurs. Start looking around! Funding charges, or ‘swap fees’ as they are some gimmicky advertising, a bonus for commonly known, are effectively the cost of opening an account or some kind of loyalty Brokerage borrowing. When trading a leveraged product programme. But one of the most important Brokerage constitutes the major portion of like a CFD or spread trade, your outlay is factors that is often overlooked is the cost the fees that a trader pays on their trades Now why would you pay 5x the cost for the only a small percentage of the capital you of transaction and account fees. and is directly proportional to the size or same trades? I am sure there are better things wish to be exposed to. This ranges from Trading costs can considerably affect notional value of the position taken. The you could do with R400k! 0.5-25% depending on the liquidity of the your profitability and should be a major broker charges a percentage of the value of instrument and the rest you borrow from consideration for all types of traders. Doing the trade, and these typically range between Spread the broker. Brokers will charge you a fee for a little bit of research into the brokers’ fees 0.1% and 0.5% on both the entry and exit of Some brokers, like Blackstone Futures, only holding your positions overnight. If you hold will prevent even someone who trades a trading position. If you were to liken this charge the spread when opening and closing a position for several days or weeks, then these once or twice a month and pays an account to buying a Coke, would you pay 5x as much a trade. The spread is the difference between costs can mount up so ensure your broker is maintenance fee or a live price fee, from being for the same product? It may be served in a the buying (bid) and selling (offer) price of a charging you fairly. worse off at the end of the year. swankier glass at one establishment, but is it market and any commissions or brokerage Brokers typically make their money from a worth 5x as much? is included in the spread. The advantage of Live price fees couple of different charges: This is where traders can make the most this is that you can see exactly the price you One of the ways exchanges generate revenue • Account Fees significant savings on their trading account, enter and exit at and there is no additional is to charge the end users for seeing their • Brokerage irrespective of whether you are profitable or line item (commission) which will reduce live price feeds. One can access a 15-minute • Spread not with your decision-making. the profitability of the trade. For novices and delayed feed for free, but this does not assist • Funding charges Imagine if you are an active trader and trading experts alike, this makes it very easy to see a trader who trades frequently within the • Live price feeds 10 times a week. If each one of the trades taken what you have made or lost on a trade. same day. has a notional value of R100,000: The commission of 0.1% is wrapped around Some brokers will recover these costs by Account fees ‘passing’ them on to their end clients, but this The most annoying of all the fees that a is not something that you should be paying. broker may charge because it is effectively an administration charge for you to be a Read the full article here