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REGULATORY

Amsterdam 4 December 2015 – In connection with tax investigations, the
Westerstede offices of Steinhoff Europe Group Services GmbH (SEGS), a German
subsidiary of SIHL, have been searched on November 26, 2015.

The authorities are reviewing the balance sheet treatment of certain
transactions
involving transfers of participations and intangible assets among SEGS,
additional
subsidiaries and third parties pursuant to §331 HGB. The investigation focuses
on
adherence to an arms’ length valuation and proper accounting pursuant to German
GAAP.
SEGS is fully committed to support the authorities, and has begun to take
immediate
steps, in clarifying and resolving these matters.

Steinhoff International Holdings N.V and its management are of the view that on
a
global consolidated basis the above matters have been properly reflected in its
Group accounts according to IFRS.

President Xi .. MOU's and Agreements on ZA visit.

Amongst those, one concerning NPN.

Cooperation Agreement between the China State Council Information Office and the
NASPERS Group SA.
The Cooperation Agreement between the China State Council Information Office and
the Naspers Group SA will promote and create a legal framework to improve
cooperation between South Africa and China to actively promote communication
between their media practitioners through mutual visits and exposure to local
media operations as well as co-produce or promote the co-production of media
products, exchange or promote the exchange of content of media products based on
a variety of media.

and comment by Alec Hogg..

Naspers is committing work closely with, and promote engagement between “media
practitioners” at Xi’s propaganda machine, the China State Council Information
Office. That is sure to go down like a lead balloon at 40 Heerengracht,
especially if Naspers management were to replicate China’s “censor in every
newsroom” approach. – Alec Hogg 

Pistorius Found Guilty of Murder by South African Appeals Court

That's really interesting Moonraker, do you have a link where I can read more?

Yes, I also thought so, puts things in perspective; less outperformance going forward I'm sure.

http://www.hhgroup.co.za/publications.html

Download the latest 'Intuition' publication, they are generally quite interesting - and 'Acuity' which they publish quarterly.

Thanks Orca - do I get Karma for that ? 

If commodities recover strongly (unlikely, these cycles last a very long time), then there might be a temporary uptick. But we still have the Zuma/Davies version of economics, plus inflation differential means the Rand will not get lucky for any sustained period. Historical Xchange rate vs. $ tells it all and I certainly wouldn't bet against the long term trend.

I cannot check video's at work, (Do not ask  , do not tell policy  ), I am more looking at Eur/Dollar now 1.05. Can they afford for it to go to 1.00 ? or even stronger.

I always ask people the following?

Who is president of China? - Do not know
Who is president of Australia? - Do not know
Who is president of Italy? - Do not know
And so on..

Yet people think the whole world know who Zuma is, we not as important as we think we are.

China = President eleven (Xi Jinping)

@marguerittereed

Don't worry about what Fawkes85 says about fees. DBX trackers have no exposure to private equities for example. Best view this video, and fees .. well blathering bull sh#t.
No fireworks, but longer term - if Rand weakens - wonderful.