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Some interesting discussions on this thread and some diametric views

From what I can gather Mr Dividend is focused on dividend returns - are you taking the dividends and using them as your pension?
From other posts am I right in saying that you have indicated that you are near of have retired - hence the need for dividends?

I on the other hand have retired and get a good pension and have funds in a rolling 6 moth FD and some Mutual funds plus a smallish LA
My share portfolio is what I focus on and which I manage myself and handle all buying and selling through a broker platform
My objective has been to grow my share portfolio by a minimum of R 250,000 per annum however 2007/8 went into negative territory but since 2008 I have achieved that objective. Pensions and your health deteriorate with age and your medical bills increase as do all other living expenses so my overarching objective is to ensure that at 85 I can still live and enjoy life as it is today but some 17 years younger
So to me it is important to determine what my long term goal is and how I can achieve that with a annual plan, and adjust it to ensure you still achieve your objectives     

From what I can gather Mr Dividend is focused on dividend returns - are you taking the dividends and using them as your pension?
From other posts am I right in saying that you have indicated that you are near of have retired - hence the need for dividends?

Pretty much, retired last year at 40. Living off dividends - but do not mind some high growth shares from a tax perspective.

Are you fully invested now Orca? Well, as opposed to 100% CML you are pretty well diversified! Not enough for me, but then I seem to be a glass half full kind of guy and what to own them all. The Smegal of the JSE, 

26. They were going to open another fund with 28, but they figured there would be serious infighting.


 

ADI on the other hand must be the star performer over a long term. She has done 326% pa ave over 5 years without divies reinvested.

Analysts have predicted that the tech sector will be the place to be in. Her PE ratio of 22 sounds high but if you factor in the cash she has, it would be cheap. Her sales are all cash upfront and no creditors.

The CEO seems to be following the business model of EOH by buying up cheap but profitable companies on a regular basis.
This is one to watch and I am feeling nauseous for not finding her a few years earlier.

I have a long term portfolio invested offshore but the thing that worries me is that all the shares I've  bought are in Rands and with the way the Rand is going would it make sense to change my portfolio into euros, dollars, sterling or any other currency?

The downside of this would obviously be the selling and then buying costs. Any thoughts?

I think the shares yozzi is talking about are all rand denominated - he does not hold the share certificates/nominee shares in an overseas account. So very simply if the Rand does tank then the funds would move in sympathy with the rate change. However to me the more important scenario here is that what you want is that you have an overseas broker who buys and sells into the major markets around the world and would hold different currency trading accounts. However to do this you need to be in good standing with SARS and don't them any funds

The point I am trying to make here is that these shares are not held by you in a foreign currency with an overseas broker. What I am putting in place is that my local broker opens an elected currency account with a London based broker. My broker will physically move my funds offshore to this broker and I will be able to (over the overseas brokers platform) see my platform in a similar fashion as my local brokers platform. The hurdles I am trying to deal with are that if I wish to buy or sell out of my overseas portfolio then I have to instruct my local broker to effect the instruction. I can't place my buy/sell orders with the LSE in the same way I can with the JSE. This is not an insurmountable problem as my intent is to buy and hold for the long term. I am still in the process of resolving where I will get taxed on sales UK or SA as I don't foresee that I will bring the funds back to SA for many years - if ever. Also my local broker will impose charges each time they remit funds overseas for me and I am trying to establish whether there is a fee levied by my local broker (when I give an instruction to buy/sell) for handling the transaction instruction. There are also other considerations - in SA if you transact too frequently you could be treated by SARS as a trader - need to know whether the UK have similar rules. CGT is another issue as I may have to register as a UK taxpayer and get a tax number.
As I say at an early stage of my investigations and just need to get my ducks in a row so to speak

The very reason why DTA's are in place is to simplify cross border trading.
If every one doing business with foreign countries had to file a tax return in that country as well then hardly any trading would be done.

The UK/ZA DTA states that non property dividends withholding tax must be capped at 10%. So you will automatically pay 10% in the UK only if you apply for the DTA reduction that your UK broker will provide.

All your foreign income must be added to your local income in your returns. You will pay tax in the country where you "apply you wit, mind and time" for the income albeit CGT or Income tax.
So if you have a Managed Account in the UK and the manager trades frequently for over 3 years then it will be treated as CGT by SARS. If you do it from ZA, it will be Income.

Thanks Orca - I will read up on the DTA