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  1. J

    Class action lawsuit against Uber in South Africa to give drivers more rights

    Almost everyone would choose the cheapest fare, so the lowest price becomes the de-facto standard price.
  2. J

    Class action lawsuit against Uber in South Africa to give drivers more rights

    New requirement: drivers must register a (Pty) Ltd and only companies may sign up to provide services to Uber. Problem solved.
  3. J

    Reddit user on r/wallstreetbets is "going to short the whole country of South Africa."

    IBKRs rate for borrowing ZAR is 6.3%. For him to win his bet, ZAR has to depreciate by more than that every year. In the near term that probably won't happen, but at some point there will be a huge devaluation when the government can no longer borrow at <9%. That will probably happen in 2024 or...
  4. J

    Reddit user on r/wallstreetbets is "going to short the whole country of South Africa."

    This is being driven by low interest rates on mortgages, not the Fed buying assets and treasury bonds. Lots of people moving to the suburbs with more flexible working arrangements, while inner city properties sit empty.
  5. J

    Mexem Africa - Is it legit?

    What are the advantages of signing up with Mexem vs opening an account directly?
  6. J

    Anyone recognise this 80s cricketer?

    Rod McCurdy?
  7. J

    High number of South Africans have developed COVID-19 antibodies

    Yes, no travel or employment for you until you get the jab. As it should be.
  8. J

    Court to decide on euthanasia and right to die in South Africa

    Most do, but there is usually a 2 year waiting period before that cover takes effect.
  9. J

    Trading ETFs in USD with online platform... who has my money and how safe is it?

    TDA does not allow residents from many countries (UK, EU, Canada, Australia and quite a few others), so the declined payment is not due to Isle of Man specifically. Complete non-starter if you ever plan on relocating to any of these locations - TDA will close your account and you'll have to do a...
  10. J

    Trading ETFs in USD with online platform... who has my money and how safe is it?

    If SB IOM does not support SWIFT payments, IB is no good either, unless you convert to GBP first, in which case you can use the UK faster payments system which will have the funds in your IB account in around 30 minutes. Any trades you make come off the $10 minimum. If you can get a margin...
  11. J

    Tito Mboweni vs White People....

    Sorry boss, we do that and we'll be accused of cultural appropriation.
  12. J

    Why give that money to the taxman?

    That's why they only allow you to take 1/3 of it in cash.
  13. J

    Why give that money to the taxman?

    Previous employer of mine introduced a provident fund while I was working there. They adjusted everyone's salary up so nett pay remained the same even after the contribution. Definitely didn't have a problem with that, but I know most employers aren't nearly as generous. They also forced...
  14. J

    Stock Picks - Darlings and Dogs

    Anyone else investing in ARK ETFs? Seems they really know how to pick their holdings well. All of mine are getting good growth, and they're often up on days when overall market is down.
  15. J

    Why give that money to the taxman?

    If you're in a high tax bracket, it can make sense to max out provident fund contribution in the short term, and then cash it out if you're leaving the company/country in the short to medium term. Max tax rate of 36% instead of 45%. If you're planning on staying for a long time, then the advice...
  16. J

    Why give that money to the taxman?

    Are you sure it's an RA and not a provident fund?
  17. J

    Robinhood alternative ?

    RH does not offer "free" trades. They sell the order flow to various parties, and the result is a worse order fill than using a proper broker. If the product is free, you are the product.
  18. J

    Retirement and self-sabotage in South Africa

    I've managed 14%/y in USD since I cashed out my provident fund a few years ago. Invested locally it was getting 3% in ZAR for the previous 5 years. I don't think it'll take long before I break even, and I've also removed risk of having my pension stolen. If you're leaving SA, I think it's a...
  19. J

    Retirement and self-sabotage in South Africa

    But that's only 27% on newly added funds. 1) It doesn't give you 27% growth on your previous contributions. 2) Returns in the local market are poor compared to offshore. 3) Geopolitical risk - the end result is your entire sum of contributions could be worth R0.00 when you retire.
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