Group saving scheme allowing a number of people to pool their savings towards particular objectives.

Those parts of the business of a company that are not conducted in South Africa. Example: the Australian operations of BHP Billiton.

An investment strategy whereby an investor continuously monitors a portfolio with the aim of outperforming a benchmark.

A technical risk ratio that expresses the “excess return” on an investment. Alpha takes the volatility (price risk) of a unit trust fund and compares its risk-adjusted performance to a benchmark index [..]

A trading system using mathematical models to determine decision-making on the financial markets. Computer-based algorithmic trading is most commonly used by large institutional investors because of t [..]

A trained professional who performs financial and business analysis with a view to making investment recommendations, e.g. buy, sell or hold a particular security.

This is a meeting of the shareholders of a company, which must be held within six months of the end of the company’s financial year and 18 months after the previous meeting. Shareholders vote at these [..]

Sometimes known as an Annual Report, this is a document required by the Companies Act to be presented once a year at the annual general meeting. The statements must consist of a balance sheet, income [..]

The financial results of a company for a particular financial year. The JSE listing requirements compel companies to produce annual results within a set time.

The practice of taking advantage of any price difference between two or more markets, with a view to making a profit, when trading in financial instruments.