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I hope the tests lead to some certainty and hopefully a solution to her problems. Wish you and your wife well in this difficult time.

This sector is tempting, but you need to do your homework on them. I like Tower which has done ok since I bought, is under cautionary. I also bought Delta but recently sold and broke even. Sold for a better (risk adjusted) return elsewhere, but still think yield attractive, but not sure of quality so may leave it for now.

Texton yield also very tempting, but there are risks. Edcon leases a 27000sqm building which is at risk of edcon going under, the renewals of SA leases going backwards in rentals, and it difficult to know quality of UK props. However, think the yield prices the risks in and at current prices might be a good buy.

DiviT - wondered if you caught the sens after close - Gooderson Leisure Corporation Limited - Misappropriation Of Funds

@Mr_Dividend. Yes, just seen that, pretty shocking. I wonder if they already knew and the delisting is a way of avoiding too much embarrassment, combined with being able to buy the assets cheap. I think it will still go ahead, but does cause a little uncertainty..

I enjoyed the interview Stealthy. You asked the type of questions that I, and I am sure others, would have been interested to know. It is amazing what Patrick was able to achieve by being frugal, yet still having a life. As he says it is amazing more people do not do some of these things. Well done Patrick on reaching early financial independence, was inspiring to read.

GCR - sounds like he has quite a few portfolio's - in small caps he did mention owning Santova and Calgro.

DiVT - personally, Capitec is one of my favorites - wish I went overweight when ABL crisis was happening - but happy I bought when i did. These guys rate it as the best bank in the world btw http://www.businessdaytv.co.za/shows/newsleader/2016/07/01/ranking-sa-s-banks . Chatted to a guy I was sitting with a few months back - he offloaded his free shares when they split from PSG figuring that if PSG didn't want them, nether did he. 7500 shares @ around R2.  Oh well, as long as he kept the PSG shares we would have come out OK!

You should do well out of Capitec Mr_Div, I am hoping my Trustco shares will have even a tenth of the Capitec shares success, but do not want another bank share. It is stories like the one you have about Capitec that cause me to keep shares such as Grand Parade and Trustco, out of fear of telling a 'Capitec' story one day.

Thanks, appreciate the advice. Just building up a list  , was going to buy PPC Yesterday, but my broker is not in.... maybe a sign 

Well, perhaps do some research anyway to convince yourself...I have not looked at it in detail, but a 1c share is normally 1c for a reason.. good luck with your others. I do not like PPC as a business, but could be a short term trading opportunity.

I really enjoy reading Orca's blog, please keep posting about life in Portugal.

I don't know that I concur with the writing around the 4% rule, as it assumes that you have your retirement funds in a single pot and is really skewed towards retirement annuities. When you retire the earliest age that you can access your RA is 55 but if you don't retire at this age you can extend your RA to age 70 (currently). However if you have a reasonable pension, an RA and investments (bank investments, mutual funds and shares) then the 4% rule is not valid.
The reality is you need to look at your worldly wealth and then structure you draw downs accordingly, but, this situation doesn't just occur just before retirement it happens decades before you even reach retirement. When I retired at 58 a year before I retired my employer called me in and started discussing retirement options with me, I terminated the discussion because I had already planned my retirement some 5 years before actually taking up the offer of early retirement.
So each case is unique and it has to be strategised on an individual basis - to me there are 3/4 pillars that need to be addressed over your working life:- 1) have a pension fund 2) have an RA (new order not the crappy old order RA's) 3) have short term investments 32 days/FD's etc 4) build an investment portfolio
With this range of differing investments the 4% rule does not apply - your pension is your base monthly income and the others augment your pension giving you the flexibility to buy capital items from time to time.
I am a firm believer in ensuring that you have a good pension in place the others are what I would call top up investments which will look after you financially in the future 20/30 years down the line.
To my mind if you don't have a pension then the question arises what were you thinking in your twenties by ignoring putting in place a pension.
Those persons who don't have pensions and only have a lump sum on which they hope to sustain themselves then maybe 4% could work but it would be preferably to draw down less in the good times and then revert to 4% in the difficult times so that I the good times it boost the capital, thus allowing you to increase you monthly Rand drawing by CPI.
Personally I have all 4 pillars in place and the one investment I have a problem with is my Living Annuity as I am compelled by law to make a 2.5% annual draw down (which I would prefer not to make any draw down), as these funds I have assigned for use later in my life i.e. once I get to 80. Also I look at the other 3 pillars outside of my pension as a compensation in the event that I die that these 3 pillars more than compensate my wife for her reduced pension.
So in the final analysis its pretty much everybody for themselves but based on their unique circumstances

This is my opinion and views and it works for me - a message I have impressed on my kids     

I think all the above is very good advice. It has obviously worked well for gcr and most people would probably be best advised to follow it. Personally I have taken a different path, where 99% of my wealth is in listed equities. I have shunned pension funds, RA's (except a small one I stopped contributing to 10 years ago as there was no penalty) and unit trusts, because I hate paying the fees that all these funds cost. With my equity portfolio my 'management fees' are almost zero. I am close to being able to live off the dividend income now so by retirement it should be more than enough. I do think that I have reached this stage a lot quicker due to the fact that my fund has not been eroded by 'management fees' and has as a consequence compounded more quickly.

My strategy is higher risk, probably reckless, and I do have a more risky portfolio than average, but I just wanted to present an alternative scenario, even if I believe most people would be much better off following gcr's advice.