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What happened on the budget?

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New Contributor
Why the drop in JSE share price yesterday afternoon (after the 2012 budget) of 3% and again today another 1% by 11am?
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8 REPLIES 8
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Valued Contributor
dividend tax and cgt, not sure it's actually going to hurt JE business ..
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Contributor
Think it may have to do with the possible inclusion of securities transfer tax on derivatives, this could have a negative impact on trading volumes. Only under consideration currently nothing concrete.
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Valued Contributor
agreed, that is 2013 or even 2014 at soonest ..
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Super Contributor
Also importatnt to note that the JSE is a value play rather than a growth story. Investors are relying ona strong and expanding dividend stream. This will certainly be impacted by the 5%.
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Super Contributor
That said, show me R72 and I'll take 10 to 20 000 of these things for a quick profit.
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Not applicable
Soon they'll have a Screen-view Tax.As in,how many hours per day do you sit in front of....You piranha-capitalist you ! We'll Stalinize that buttom.Yeah....Let's tax that too.
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Not applicable
Good thing my mouse is 'stealth black'.
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Not applicable
Good try there,but Nah ! mate...they already have Stealth.It's called PRINTING.And the citizens look at their pay-cheques and wonder..."Where does the money go ? " = DEVALUATION OF PAPER CURRENCY VIA INCREASED Money Supply.Loud,wasn't it ?
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