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Business
Friday December 6, 2019 DailyDispatch

Movers & Shakers Exchange Rates Spot Prices

MAJOR MOVES UP MAJOR MOVES DOWN Rand / Currency R Name RP %Move
Sharename Sale %Move Sharename Sale %Move R/Australian $ 9.94 DJ Futures 27684.50 0.15 %
KORE 29 16.00 % AVENG 1 -50.00% R/Botswana Pula 1.35 DJ Ind 27685.65 0.13 %
ELLIES 9 12.50 % FRONTIER 24 -42.86% R/Brazilian Real 3.47 SP 500 3115.28 0.08 %
Market Wrap RCL
SAPPI
1070 12.39 %
4097 6.69 %
ETION
METTLE
20
120
-16.67%
-14.29%
R/British £
R/Canadian $
19.03
11.02
Nasdaq
FTSE 100
8580.02
7159.85
0.16 %
-0.40 %
Investors ponder trade-war reports JASCO
DELPROP
16
99
6.67 %
6.45 %
CROOKES
MTNZF
3931
1534
-12.64%
-12.09%
R/Chinese Yuan
R/Euro
2.06
16.14
DAX
CAC40
13117.29
5832.03
-0.18 %
0.56 %
The JSE was lower on Thursday morning as Japan’s Nikkei 225 0.71%. In Europe, the FTSE RESGEN 105 5.00 % STEFSTOCK 9 -10.00% R/Indian Rupee 0.20 Nikkei 23300.09 0.71 %
traders pondered the latest headlines 100 lost 0.2% while France’s CAC 40 added INTUPROP 676 4.48 % BALWIN 320 -9.60 % R/Japanese Yen 0.13 Shanghai 2899.47 0.74 %
regarding the US-China trade war. 0.39% and Germany’s DAX was flat. HAMMERSON 5788 3.91 % REBOSISA 400 -9.09 % R/Kenyan Shilling 0.14 Hang-Seng 26205.00 0.55 %
A report by Bloomberg on Wednesday At 11.02am, the JSE all share was down ARGENT 580 3.57 % INSIMBI 100 -9.09 % R/Mozambique Met. 9.50 ASX All 6791.10 1.14 %
said the US and China were moving closer to 0.17% to 54,931.7 points and the top 40 AWAPROPA 1040 3.48 % TRUSTCO 730 -8.64 % R/Namibian $ 0.99 Gold $ 1475.60 0.84 %
For real time reaching a trade deal as well as agreeing on 0.16%. Banks lost 0.67% and resources 0.31%. IMCB22 25278002.99 % ADCORP 1151 -7.18 % R/New Zealand $ 9.50 Gold R 21620.20 -0.90 %
SMS
moves SMS the value of tariffs that would be rolled back Building material company Afrimat said on EPEE 745 2.90 % SPANJRD 163 -6.32 % R/Russian Rouble 0.23 Gold R/Kg 695089 -0.90 %
UP or DOWN as part the initial phase-one deal. Thursday that its construction index rose MEDCLIN 7384 2.56 % ARCMITTAL 149 -6.29 % R/United States $ 14.57 Brent Crude 64.30 1.18 %
to 34019 Earlier, the Shanghai Composite was up 5.1% in the third quarter of 2019. Its share CAPCO 4875 2.42 % TRENCOR 2600 -5.63 % R/Zambia Kwacha 0.97 Silver $ 16.9013 0.29 %
(Charged at R2/SMS) 0.74%, Hong Kong’s Hang Seng 0.59% and price was unchanged at R32. – BDLive NAMPAK 573 2.32 % GLENCORE 4263 -5.58 % (These are the banks’ selling rates yesterday.) Platinum $ 888.45 -0.75 %
Palladium $ 1849.00 -0.75 %

briefing
Retailers who Business bonds built on long,
trustworthy relationships
bucked the
Black Friday
trend
Not all businesses tried to
make a buck off Black Even sport can play a role, “The company has never had a
Friday. A few shops in says developer Pearce negative growth year since it start-
Joburg’s 44 Stanley ed, and that is no small invest-
precinct, for example, TED KEENAN ment achievement,” said Pearce.
decided to steer well clear. BUSINESS CORRESPONDENT Warren has several business
Elizabeth Kading, owner likenesses to East London’s Allan 4 7 8 2
of Five8ths, says the Some of the finest business bonds Gray, with the main one being to
handmade shirts her shop between clients and suppliers are veer away from the asset man- 8 5 3 6
sells “cost what they cost”. built on long relationships, and agement pack, and do things his
“They take many hours sport is one of the best mediums way. 3 8
to create. Each of them is a to facilitate this, said Matthew Pearce said SC identifies inno-
work of art, so we don’t Pearce, business developer at Sky- vative investment opportunities 2 6 3 4
push up the price to offer bound Capital (SC). and develops products that are
sales at a later time.” Pearce was accompanied by in- different from the typical market 8 4
She also raises concerns ternational cricket celebrity offering. The company, which had
about the ethics of Jacques Kallis in East London on its roots in Warren’s Blue Ink 3 1 9 5
production — ensuring Wednesday evening to talk to group, has R21-billion assets un-
that those who contribute Platinum Wealthcare (PW) clients der management and has grown 1 4
to the supply chain earn at a dinner at the Blue Lagoon from a small investment house in
decent wages. Hotel. Over 130 people attended Cape Town to offices in Hong 6 5 4 7
It’s a point echoed by the event. Kong, London, Australia, Mauri-
Nicola Luther, owner of Pearce is a rugby and golf com- tius and many associate compa- 7 9 6 2
fashion retailer Lunar. “We mentator and presenter on nies around the globe. It is li- Today’s Puzzle
work our pricing out based MNet’s SuperSport Channel, and censed in all the areas in which it
on labour and our fabric has won numerous national works.
cost.” awards for both sports. Kallis, a Several of the founding staff are
Unlike large retailers, director and brand ambassador of still with SC, said Pearce, pro- HOW TO PLAY:
which mass-produce their SC, is acknowledged as one of the viding a wealth of experience and Every digit from 1 6 4 5 8 9 3 7 1 2
finest all-rounders in the history continuity. to 9 must appear
products, Luther says her 8 2 3 6 7 1 9 4 5
in each of the
niche, handmade items of cricket. In the mid-1990s Blue Ink
Both Pearce and Kallis see SC, a founded one of the largest “fund of
nine vertical 9 7 1 5 2 4 8 3 6
don’t generate sufficient columns, in each
margin for huge discounts. global wealth management busi- hedge funds” in SA. of the nine 3 9 7 1 6 8 2 5 4
After five years of ness, as the vehicle to take them SC’s concern over global chal- horizontal rows, 2 1 6 4 5 7 3 9 8
participating in Black Friday smoothly from a life after sport lenges over the past decade has and in each of
into the world of finance. led to on-going inventions and the nine boxes. 4 5 8 2 3 9 6 7 1
— and being “put under
Solutions, tips 5 3 2 7 1 6 4 8 9
extreme pressure to mark Pearce, who focused on the in- new ranges of products.
and a computer
down stock” — Mr Vinyl vestment strengths of SC, has deep Pearce said SC focuses on programme can 7 6 4 9 8 5 1 2 3
owner Bret Dugmore has East London connections. His analysing and assessing the un- be found at
grandfather was mayor of the city derlying intrinsic value of busi-
1 8 9 3 4 2 5 6 7
“dropped the concept”. www.soduku.com
Instead, he’s focusing on - Pearce Street is named after him nesses, many of them private, and Yesterday’s Solution
birthday specials for his - and his father was born in East then investing in those that have
record store, which he says London. the highest probability of superior OF GREAT INTEREST:
offers him “freedom and Pearce said SC and PW’s as- performance. Matthew Pearce, business
flexibility to extend sociation goes back 10 years and One of the underlying credos is developer of Skybound

Transnet plans gas network ahead of demand

beyond the traditional the two companies share the that while performance is not Capital, addresssed clients of
concept of Black Friday”. same ethos of client care. repeatable, process, skills and dis- Platinum Wealthcare at the
“We have DJs playing. He said Clifford Warren, MD ciplines are. As with Gray, and Blue Lagoon hotel on
There are a whole lot of and founder of SC, had a motto another Warren hero, Warren Buf- Wednesday. Picture: GALLO
records that we are that he instilled in the 70-strong fet, SC believes that there are no IMAGES/STEVE HAAG Transnet is forging ahead with plans to involves using existing pipelines to trans- seeking out alternatives. According to
marking down by 50%. team: “Rule one: Never lose mon- shortcuts to investing. establish a natural gas network in SA, even port the gas inland. Transnet has also Transnet, the pent-up demand for gas in SA
Those are sales.” — BDLive ey. Rule two: Don’t forget rule SC has won several interna- though the market demand does not yet committed that the project will not have to is estimated to be double the 190-million
one.” tional investment awards. exist. be underwritten by the state. gigajoules that exists now.
Speaking at a seminar hosted by the “If we can bank just the base use of Though an inconceivable venture for a
Industrial Gas Users’ Association of South- infrastructure, we will spend the money in private sector outfit, Transnet’s “build it
ern Africa, Transnet chief business de- anticipation of the latent demand and the and they will come” approach is made
velopment officer Gert de Beer said work growth path of the gas industry,” De Beer possible by its developmental mandate to
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by the state-owned logistics monopoly on said. unlock and accelerate economic growth
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a natural gas network project was at an Though the government has expressed ahead of demand, and by its sizeable
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advanced stage, with the aim to reach its ambition to develop SA into a gas balance sheet.
bankability by March 2020. economy, it is yet to produce an enabling There are also other projects in the
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If all goes to plan, the first gas could land
in SA in 2024.
to the Daily Dispatch The work centres on Richards Bay as a
liquefied natural gas (LNG) import ter-
minal, with a floating storage regasifi-
6 Months R955 or 12 Months R1745 cation unit — a special ship moored
offshore — as the most likely option, and
and receive a
Chivas Regal 12 Year or Moët & Chandon gift set
policy framework.
Natural gas is piped into SA from
Mozambique, the bulk of which is used in
Sasol’s operations with a number of in-
dustrial users also dependent on the feed.
However, the source of the Mozambique
gas is running dry and industry is urgently
works that could facilitate the import of
gas into SA, including the LNG hub in
Coega, as designated by the government,
as well as the Matola import terminal in
southern Mozambique, which is close to
the existing pipeline that brings gas into
SA. — BDLive

ORDINARY COUNCIL MEETING

OR Ms. UT Malinzi, the Municipal Manager, as duly instructed by the Speaker of Raymond Mhlaba Municipality
(Cllr A.W. Ntsangani), hereby gives notice that, in terms of Section 19(a) of the Municipal Systems
Act 32 of 2000, a Council meeting of the Raymond Mhlaba Municipality will be held on Wednesday,
11 December 2019 at 09h00 in the New Council Chamber in Alice.
In terms of Section 20(1) of the Municipal Systems Act, members of the public, the
media and other interested parties or bodies are invited to attend the meeting.

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iyakubanjwa ngoLwesithathu umhla we11 eyoMNGA 2019 ngentsimbi yesithoba e-New Council
Chamber e-Dikeni.
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anomdla ayamenywa ukuba abeyinxalenye yalentlanganiso.
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