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Good point gcr, Im stuck in this one though, too big of a loss not to take up the rights offer. im hoping it will go up by 0.0.1% and il jump ship, I just want to try and recoup my cash. maybe its a stupid idea taking up the offer but il have to wait and see

I am also concerned with this share , but I either take my losses and run or take up the right offer now.


Is there anyone who can tell me what the share price will be after the rights offer and share consolidation ?

What about long term ?

1.)If I keep my 300k in my bond , I worked out i would earn (reduce) the interest on my bond by R24,750 PA @ 8.25%
2.)If I buy unit trusts ,based on thier fact sheets I could realistically earn 13% that would equate to  R39 000

So lets say i keep it for 3 years and decide to cash out,

1.) 24750 x 3 =  74 750
2.) 39000 x 3 =  See below

how will my tax be worked out ?

1.) I dont think i can be tax on the interest I saved on my bond because I dont actually recieve the money...just reduced the bond term by the interest saved.

2. ) will my tax exemption portion be capitilized ? eg: I get 30k tax exemption every year, so if i put 300k and make 30k interest , do i start the new year with 330K capital and then still have a futher 30k exemption ?

<b>If not i have worked out the following after tax, if i purchase a unit trust....please help me if im worng because i dont undertsand it fully.<b/>

Capital 300k
Interest gain @ 13 %
Tax exemption per year 30 000 pa

year 1 = 300 000@ 13% = 339 000 ( 300 000 + 39 000 interest )
year 2 = 339 000@ 13% = 383 070 ( 339 000 + 44 070 Interest)
Year 3 = 383 070@ 13% = 432 869 ( 383 070 + 49 799 interest )

How do I calculate my tax payable from my unit trust ?

Interest gained over 3 years = R132 869
Tax exemption calculated over 3 years = R90 000

so tax portion  R132 869 - R90 000 = R42 869

42 869 @ 40% tax = R17 147 Tax
Balance = 25 722

total money in my pocket after tax is

90 000 (from tax exemption ) + 25 722 = 115 722

So its better to purchase a unit trust even after tax than putting it into your bond.

HI Guys,

I dont know how I was under the impression that my interest rate on my vehicle was 8.25% , It its actually 10.25 %

So im still in two minds, because @ this interest rate is it wiser to pay the debt, assuming I will be keeping the vehicle for the next 3 years

Hi Guys,

I would like some advice and perhaps some pointing to the right direction, this is my scenario  -

(1)I have a Corsa Bakkie 2010 1.4 with 110k on the clock - I owe the bank 69k(capital only) and 90K(capital + interest) and my interest is 8% - my current installment is 2300+
(2) I have 70K cash that I want to invest in shares/JSE. No need for the money right now .

Should l use the money and pay off my vehicle and save 2.3k p/m and use that the saving to purchase shares in the JSE ?

or

Just purchase shares on the JSE and continue my current installments - I must admit it would be nice not to have a vehicle installment

I got this error when i logged in today

what can i do to fix it ?

Thanks SP

Will check it out,.