Donations Tax Explained
- Common confusion around donations tax.
- Donations between spouses: No tax implications.
- Public Benefit Organisations (PBOs): Tax deductions with required certificates.
- Individual donations: R100,000 per year tax-free; excess taxed at 20%.
- Tax obligations for donations above R100,000 per recipient.
- Personal donations tax cap at R30 million, after which the rate increases to 25%.
- Strategies to optimise donations within tax-free limits.
Sasol (SOL) Results & Market Sentiment
- Results revealed mixed financials: CapEx reduction, pressured chemical prices, no dividend.
- Stock performance concerns: Multi-year downtrend.
- PE ratio remains low, but risks of a “value trap.”
- Uncertainty due to external factors: Oil prices, exchange rates, chemical markets.
- No compelling reason to buy Sasol currently.
Sasol Weekly | 23 February 2025
Ashburton Investments Event & Market Insights
- Key insights from Morgan Stanley Investment Management speaker:
- Margin expansion driving US markets.
- Questioning further margin growth potential.
- Identifying long-term investment themes in evolving industries (e.g., advertising shifts from print to digital).
Rand (ZAR) Analysis
- The crucial 18.30 resistance level against the USD.
- Potential for sharp strengthening if breached, with targets near 16.20.
- Market reaction post-budget: Initial weakness followed by recovery.
Prosus (PRX) Acquisition of Just Eat Takeaway.com
- Purchase price: €4.1 billion.
- Market skepticism regarding strategic value.
- Debate over profitability and competitive landscape in food delivery sector.
- Analysis of delivery service stickiness and industry challenges.
Platinum Group Metals (PGMs) Market
- Platinum and Palladium remain under pressure.
- Long-term price range analysis.
- Impact of potential peace in Ukraine on Russian supply.
- Stockpiling effects and uncertain demand outlook
Palladium weekly | 25 February 2025
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00:00 Understanding Donations Tax in South Africa
06:07 Analyzing Sassol’s Financial Performance
08:36 Insights from Investment Events
11:55 The Current State of the Rand
12:55 Process’s Acquisition of Just Eat Takeaway
16:57 The Challenges Facing PGMs
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JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
Wednesdays are all about hard-core investing and trading with Simon Brown’s famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon shares his views on the state of global economies, individual shares and events moving markets.
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JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
