Two-pot system is here, it's actually three pots and we've everything you need to know (#590)

JSE Direct with Simon Brown

New Two-Pot Pension System:

• Details on the implementation and implications for retirement savings.
• Kicks in 1 September 2024
• Can take up to R30k immediately, but this will be taxed.
• Thereafter 30% of contribution go into a savings pot your can take out, it will be taxed.
• Only use for an emergency, not holidays.

Rainbow's Return to JSE:

• Analysis of Rainbow's re-listing after 17 years.
• RCL Foods will be unbundling later in June
• One Rainbow share for every RCL Foods share
• But is Rainbow the best chicken stock on the JSE?

OPEC+ Impact on Oil Prices:

• Members agreed to cut voluntary production cuts
• Oil crashed
• As did Sasol

[caption id="attachment_42315" align="aligncenter" width="849"] Brent oil | weekly | Koyfin

Q1 GDP Results:

• Negative Q1
• Q2 should be slightly better thanks to reduced load shedding
• But election will have worried investors.

Santova Stock Analysis:

• Buyer at 750c
• Seller at 760c

[caption id="attachment_42316" align="aligncenter" width="849"] Santova daily | 06 May 2024 | Koyfin

Coalition Talks:

• ANC is talking with everybody
• They seem keen on a governmnt of national unity
• Rand volatile

Recent uploads onto Just One Lap

• Three new Global ETFs from FNB with low TERs
• The Power of Commodities with 1nvest: Navigating Trends and Unlocking Portfolio Diversity

Simon Brown

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