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Reading SARS website, I came across this:
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Dividends payable to the following beneficial owners could be exempt from Dividends Tax (provided the required “declaration”
and “undertaking” are submitted to the company or withholding agent in time):

1.Portfolios of collective investment schemes in securities.
2.Any person to the extent that the dividend constitutes income of that person.
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We may have missed the boat as this chart of yours shows. Although it is a year old the ZAR seems to have dropped in value more aggressively than normal.
It is not the ZAR that has devalued as much but the USD has gained. You have to measure the currency against a basket of main currencies to reflect the correct gain or loss in value of a single currency.
The normal decline of the ZAR is 2.5% pa but the USD has made huge gains.
The NENEGATE saga will be short lived and I admit that it did do damage bur for how long?

Quote from: Orca on December 16, 2015, 08:47:45 pm

The VWRD has averaged a mere 10% pa.

True, but it is 10% in Dollar terms, which means it's a lot more in Rand terms.

Lets work it out with the exchange rate then.

More accurately, VWRD has gained 40% in 5 years. That will average 8% pa.
The USD has doubled against the ZAR in 5 years looking at the NEWUSD chart.

When you factor that in, then according to the chart I posted, that would put VWRD at 80% or 16% pa.
All the others are above 100%.

Thinking of cutting my losses. Never wanted to be stuck in a sector like Financials as they are cyclical and has been in a bear mode for some time. The drought will hit the food retailers and not to mention the resources that DIVTRX has.

Where to now??? DBXUS or DBXJP? No. Stuck in one country that could become stagnant. EU STOX? No. Too much turbulence from Syria and migrants that could cause the fall of the EU and the Euro.

DBXWD seems diversified and doing well. The 1% management fee is high though but worth it.
Perhaps 50/50 in DBXWD and STXIND would do it. I think so. Tomorrow I will watch the spread on DIVTRX and sell asap.

With Gordhan coming back as FM - I am guess some respectability to be returned to the markets and all our portfolios this week. Thank goodness. Guess you can hold of on the move to the Delhi slums

Yes. I kept watching the news this weekend expecting Zuma to fall on his sword or uncle Trevor to take over as Financial Minister. Something had to happen this weekend and it did.

I suspect that my portfolio will get hit hard this week with DIVTRX that is top heavy in banks, financials and retail sectors. Not to mention my ADI and CIL that depend on imports.  Then I still have PGR from which foreign investors are now forced to exit. Ouch.
Perhaps I should move to India now. 

Section 9C of SARS ITA has not been changed. The 3 year rule will still apply.

The UK has no set rules for Income or CGT. Sporadic share purchases and disposals will by default be seen as CGT.
If you habitually buy and sell shares over time or it is your only source of income, then it would be trading.

Trivia:
The exempt amount for CGT is a whopping R270k pa. in the UK.
In Portugal the holding time to qualify for CGT is 1 year and they only allow the FIFO rule.

UNITED NATIONS: India's economy is projected to grow by 7.3 per cent next year and will continue to be the fastest growing economy in the world in 2016 and 2017 amid a volatile global financial conditions that will see diminished trade flows and stagnant investment, according to a UN report released today.

Read more at:
http://economictimes.indiatimes.com/articleshow/50127642.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst