TWO NEW SATRIX FUNDS TO LIST ON JSE
The index-tracking platform Satrix is launching two new exchange-traded funds (ETFs) that will offer investors access to property and inflation-linked bond markets.
The Satrix Property ETF will track the performance of the S&P Global SA Composite Property Capped Index, which invests in all companies in this index that are classified as property companies. This index offers exposure to property in South Africa as well as in the UK.
Three-quarters of the companies operate in South Africa and the rest are in the UK.
As of December, the top three holdings in the index were Redefine, Resilient and Growthpoint. There are 15 companies included in the index.
Meanwhile, the Satrix inflation-linked bond ETF will track the S&P SA Sovereign Inflation-linked Bond 1+ Year Index, which Satrix says will provide investors with a hedge against inflation.
The new bond ETF will track the performance of South African inflationlinked bonds. The constituents must have a minimum outstanding debt of R1 billion and a maturity greater than one year.
The anticipated date of listing the funds on the JSE is Friday.
THE RISK OF SELLING YOUR CAR PRIVATELY ONLINE
Fernando Pinheiro, the joint managing director of CarZar, a website that specialises in buying used cars, has warned of the risks involved in selling cars through classified websites. He pointed out that customers opened themselves up to potential hijackings, theft and fraud.
“We talk to sellers every day and a lot of them have scary stories about trying to sell their car privately online,” he said.
“Some felt exposed and uncertain as to whether the people contacting them could potentially represent a threat.
“Others have experienced far worse, such as attempted hijackings, or money payments being reversed after the car has been transferred.”
Pinheiro added that many people didn’t want to sell their vehicles through dealers – despite the safety benefits – because they often didn’t get the best deal.
“Online car buyers such as CarZar are a safe and secure alternative that also allows car sellers to get a really good price for their car without any danger in terms of safety or financial fraud.”
With CarZar, inspectors come to the seller to evaluate cars and make instant assessments. If they choose to buy the car, the seller gets same-day payment and paperwork completion.