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Shares / Re: Today's Outlook
« on: May 14, 2014, 07:58:42 am »http://money.cnn.com/data/fear-and-greed/Thanks jaDEB, neutral today.
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http://money.cnn.com/data/fear-and-greed/Thanks jaDEB, neutral today.
I said at the time that having been a victim of retirement annuities and seeing others suffering the same fate over the years, I have told my children in no uncertain terms that if they buy a retirement annuity policy I will disown them.
I have suggested that they rather buy shares in the insurance companies because that way they will make a lot more money.
New kid on the block, Capitec’s market share grew from 7.9% to 10.8% between the period of January 2012 to December 2012, showing 43% year-on-year growth for the bank. This means Capitec has pushed past Nedbank, which currently has a market share of 10.7% (down from 11% in 2011), according to the AMPS data.
The latest AMPS data has also revealed how much each of SA’s big banks – including Capitec – has spent on marketing between March 2012 – February 2013. According to the data, the five banks spent a total of R1.75 billion in marketing over the period, with FNB spending the most – R562.3 million.
FNB CEO, Michael Jordaan noted in a tweet that “thanks to Steve”, the bank had reached a milestone 1.5 million active consumer cheque accounts – up 13% from 12 months ago. Despite its large marketing spend, however, the AMPS data shows that FNB still lost market share, albeit marginally.
In contrast, Capitec, with the lowest marketing spend of R93.4 million, managed to boost its market share.