Weekly Wrap: Blackout Friday, port woes and pension fund changes

It will take months to clear Durban port backlog | Government will allow early access to pension funds from March 2024 and more

View this email in your browser Happy Friday John Fri, 24 November 2023 Week's top stories Foreigners forced to dump two more JSE blue chips Moneyweb Expect weakness in these counters until December. It will take months to clear Durban port backlog Ciaran Ryan Even non-ship watchers will have noticed the huge number of vessels anchored offshore on Friday – there were more than 60. Blackout Friday Akhona Matshoba Stage 6 load shedding will continue until Monday morning. ANC wants banks prosecuted over rand manipulation S'thembile Cele, Bloomberg 'A mere settlement of R43m is not sufficient for the harm our economy has experienced,' the ANC said. PnP takes another thumping from Checkers Roy Cokayne This time in a copycat court case – but PnP says it will seek leave to appeal the judgment. Government will allow early access to pension funds from March 2024 Adelaide Changole and Paul Vecchiatto, Bloomberg Treasury and pension industry wanted plan implemented in 2025. Three more state entities to get access to confidential taxpayer information Amanda Visser As SA ups its efforts to get off the grey list. Nedbank names Jason Quinn as incoming CEO Suren Naidoo Former interim CEO at Absa, he will replace Mike Brown at the ‘green bank’. Week's top podcasts RADIO » PODCASTS » Two Absa heavyweights to steer Nedbank Special Report Delisting ‘not the end of Liberty Two Degrees’ The Property Pod Meet the crypto sceptic who owned and lost more than 50 bitcoin Crypto podcasts Nedbank Hackathon targets financial inclusion for SMEs Small Business Conversations President calls for decolonisation of SA’s education system Moneyweb@Midday Which comes first: Mortgage freedom or retirement security? Personal Finance From our Advisors GET LISTED » CONTACT US » Advisor views VIEW ALL » How to become an informed investor and make better investment decisions Avi Kay - Isihlangu Financial Services Only 6% of South Africans can maintain their living standards after retirement. Here are five things to consider if you want to become part of the 6% who makes better investment decisions. Determining the validity of your will Eric Jordaan - Crue Invest (Pty) Ltd Unpacking the requirements for a valid will and providing useful insights into the drafting of it. Choosing a marriage contract: Know the financial implications Devon Card - Crue Invest (Pty) Ltd Getting it wrong can create financial difficulties when your marriage comes to an end. How to save R62k this Black Friday Brenda van Zijl - Verity Financial Services Unlocking financial freedom this holiday season. Ask an advisor VIEW ALL » SUBMIT A QUESTION » Can I overcontribute to an RA, retire from it and transfer it to a living annuity? And what happens to the unused RA income tax deductions? Top voted comment TRENDING » SUBSCRIBE » ps: “The biggest money launderers, the anc elites,their families and cadres, somehow always escape scrutiny.” 173 votes On story: Three more state entities to get access to confidential taxpayer information Top viewed companies JSE SEARCH » 1 Sibanye Stillwater Ltd. » 2 Sasol Ltd. » 3 Naspers Ltd. » 4 PPC Ltd. » 5 MTN Group Ltd. » 6 Renergen Ltd. » 7 Capitec Bank Holdings Ltd. » 8 Growthpoint Properties Ltd. » 9 Nedbank Group Ltd. » 10 Mr Price Group Ltd. » Latest indicators MORE » ALL DATA TOOLS » Current Value 7 Day 1 Month 3 Months 6 Months JSE ALSI 75,559.45 24 Nov, 15:19 0.85 % 6.89 % 1.53 % -0.24 % Industrial 25 104,037.29 24 Nov, 15:19 1.40 % 9.72 % 1.79 % 0.38 % Financial 15 17,197.90 24 Nov, 15:19 -1.29 % 7.92 % -0.90 % 14.89 % Resource 10 56,860.17 24 Nov, 15:19 2.18 % 1.59 % 1.68 % -14.22 % Top 40 69,497.03 24 Nov, 15:19 0.95 % 6.93 % 1.02 % -1.41 % Current Value 7 Day 1 Month 3 Months 6 Months USDZAR R 18.93 24 Nov, 15:29 3.46 % -1.12 % 0.20 % -2.29 % GBPZAR R 23.79 24 Nov, 15:31 4.46 % 2.01 % -0.18 % -0.96 % EURZAR R 20.65 24 Nov, 15:31 4.03 % 1.78 % 1.00 % -0.88 % AUDZAR R 12.43 24 Nov, 15:31 4.25 % 1.89 % 2.44 % -2.11 % Quick links Home » Daily Indicators » SENS » JSE Search » Radio » Podcasts » Sign in » Register » Newsletters » Contact us Phone: +27 (0)11 344 8600 Newsroom: [email protected] Advertising: [email protected] Technical & Account Enquiries Support requests are not handled by phone. Get help quickly by emailing us at [email protected]

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