@pietviljoen With the income tax brackets again not moving it is scary how much income is being taxed, a comparison to the USA at federal tax level using USD/ZAR of 18.5:
US houehold income up to R429200 is taxed at 10% the equivalent income in SA would attract an effective rate of 22.26%.
@JohannBiermann1 Very cool chart, would not have guessed it. That 2004 - 2008 period when the GDP growth rate for SA was above 5% most of the time seems to correlate nicely to give the JSE a good head start. Gold 🤯
Sygnia’s S&P500 ETF ($SYG500) has really been a powerhouse over the last 5 years due to the index’s performance combined with the USD/ZAR strengthening. Will be interesting to see how the next 5 years play out.
@JohannBiermann1 Would not have guessed this as the ZAR always feels like a barometer of sentiment especially vs such a developed country. The important question is, why is their beer still the most expensive in the world, 5X the SA price per liter?
@JohannBiermann1 In a case like this I always wonder if the outgoing CEO holds on to his stock just a little bit longer, since knows the price will jump on news of his exit.
@JohannBiermann1 Always have to continuously reconfirm which is very hard. My favourite set it and forget it buy and hold is on a broad diversified index.