The performance of the Satrix Top 40 ETF in January 2024 might have been Janu-worrying, but it's all part of the ups and downs of equity investing. Click to read more.
Updates about the company and some hacks for using the app.
We’ve launched a brand new feature on the Franc App: Shared Goals! Now you can invest and save towards goals you share with friends, family and colleagues.
As at the 31 October 2023, the Satrix Top 40 ETF closed at R64.12. Get the lowdown on what that means and why.
This is an important update to Franc investors to let you know that as of Wednesday, 1 November 2023, we're changing our InstantEFT payment provider to Ozow.
The third quarter of 2023 was not the greatest for the top 40 companies on the JSE as 23 of the top 40 companies were in the red. This was due to elevated interest rates, rail issues and continuous load shedding, resulting in a decrease in performance across most sectors.
Although the latter found that 42% of South African adults were financially literate (placing us 3rd in Africa and 39th overall out of 137 countries), the SASAS study revealed a declining trend in the percentage of questions answered correctly (scores improved in only one of five categories).
August was not the brightest month for the Top 40 companies as only 12 companies were in the green, while the rest remained in the dark and experienced a decrease in share price compared to last month.
As at the 31st of July, the Satrix 40 ETF closed at R73.53. That’s an increase of 3.2% over the past month (R71.27), and while it’s just not quite (K)enough to surpass that 10% mark, that means an impressive 9.3% increase from the beginning of the year (R67.28).
Tax-Free Savings Accounts (TFSAs) were introduced with the aim of encouraging South Africans to invest and benefit from a tax break. There are a wide range of potential TFSAs to choose from – some good and some very bad. Let's look at them.