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Bloomberg and Reuters


African Bank Investments Limited (Abil), which collapsed in August, said that instead of trying to arrange an initial public offering next year, a share sale may be years away.

“The curator anticipates that the new entity will require several years of trading in order to build up a track record which will be acceptable to potential investors before it can be listed” on the JSE, Abil treasurer Gavin Jones, said yesterday

And the former investors, just remain out of pocket then?

Note those numbers make sense, great work. You're right though, etf's are likely to outperform RA's as RA's can only hold 75% equities, and will most likely have far higher fees too.

Yes, my account is also pretty miserable today. And I bought on Monday

Phew that's quite a serious spreadsheet. I'm trying to get my head around the numbers. I can't figure out why the TFSA then RA beats the RA then TFSA when you're in the 41% tax bracket, with performance being the same. Is it perhaps that even though you've got more cash available going the RA route, this isn't invested, while the post investment tax savings in the TFSA is, making it look like the TFSA has you better off financially?

I'm trying to think of a way your spreadsheet could illustrate this. Could ou either add a Total tax paid column, or perhaps invest the tax savings into norml investments when contributing to the RA.

They are, the tax works on net profit.

No way. Oh dear. You could use Kodi with the genesis plugin. That's what I do, but it's a complicated set-up.

PFG 95.00 cents - LDT: 26 Jun 2015