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Sanlam expands online trading facility

first_img“In view of the strong rand, it is prudent to invest between 20 and 30% of a portfolio in international markets. Investors need to hedge against those things they can’t foresee,” he said, adding that offering investors access to international companies, currencies and commodities allowed them to diversify their assets. Sanlam iTrade doesn’t charge clients for the offshore trading, although Saxo Bank does charge a fee, with costs varying depending on the trading instrument, stock exchange traded on, or live price feeds needed by the client. Bolus and Bolus Investments, the introducing broker to Saxo Bank, will offer clients the necessary trading help. Local financial services group Sanlam has launched iTrade, a new offering that gives South Africa’s online traders access to foreign listed instruments on 16 global stock exchanges, allowing investors to easily diversify their portfolios and giving them access to some of the most traded companies globally. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material 30 July 2010 “Currently South Africans can invest up to R4-million offshore but there is very little stopping government from lifting these controls on individuals as very few people made use of this allocation,” he said. He believes the JSE’s recent launch of single stock futures on foreign equities is a precursor to lifting the controls. According to Gerhard Lampen, head of Sanlam’s online trading platform, Sanlam iTrade now offers one of the most advanced trading platforms available. Lampen says it is the right time to launch offshore trading to investors, and believes exchange controls on individuals will be abolished in the next 12 months. Free demonstration models Lampen said that Sanlam had chosen online Danish investment bank Saxo Bank’s platform and access to global markets, because it had highly advanced trading technology and an award-winning platform. “Bolus and Bolus provides assistance with opening an account, transferring funds to Saxo Bank, training on using the platform and trading the different instruments, as well as a fully staffed help desk,” he said. In order to trade offshore, clients open a trading account with Saxo Bank through Bolus and Bolus. They then transfer money into the Saxo account – and can start trading immediately. The minimum investment is US$10 000. Lampen says demonstration models are available free of charge on the Sanlam iTrade website. “The major aim with the new launch is to give our clients exposure to global markets – something most South African investors have not had before,” he added. “Clients will be able to trade shares, currencies, commodities and exchange-traded funds, among other instruments,” he said in a statement this week. “The New York Stock Exchange, London Stock Exchange and Australian Stock Exchange are among the 16 exchanges now available to equity traders.” Advanced trading technology ‘Right time’ for offshore investmentlast_img read more

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Trust, savings go hand in hand with OFBF’s energy program

first_imgShare Facebook Twitter Google + LinkedIn Pinterest  Leave a Comment “Trust” is the first word that comes to mind when Tom Yingling describes Ohio Farm Bureau and why he recently signed up for its newest benefit, the Ohio Farm Bureau Energy Program.“We’ve had a longstanding relationship with Farm Bureau and when they came out with (the energy program), I said ‘holy mackerel, this works for us.’ Farm Bureau has always worked to satisfy membership and not stockholders. You’ve got to trust who you’re doing business with and having Farm Bureau offer this program made the decision very easy for us,” said Yingling, a fourth-generation Huron County Farm Bureau member who grain farms with his brother.About the energy programThe Ohio Farm Bureau Energy Program assists members in making energy choices, shopping for energy, learning about rebate options and finding the best ways to manage their energy resources. Ohio Farm Bureau has partnered with an Ohio-based energy management firm, Community Energy Advisors, to run the program. The energy program is just one of many benefits that Ohio Farm Bureau members enjoy, which include savings in health, home and business insurance, travel and recreation and car and equipment purchases.Medina County Farm Bureau member Tawny Zajc signed up for the energy program for the LINE-X protective coating franchise she and her husband operate. She decided to look at the program for her home and was surprised by the price difference. Turns out she had been on a very high rate and didn’t know it. Her home gas savings alone was more than $832 per year.“The phone rings off the hook all day long from solicitors trying to get you to sign up for savings that turn out to only last for a short time, and I’m busy and focused on other things and tend to trust the savings stay the same,” she said. “To find an organization like Farm Bureau that you trust and know is going to have your best interest at heart for yourself and the community is great.”Zajc became an Ohio Farm Bureau member in 2012 to take advantage of the organization’s workers’ compensation program as well as to be more involved in the agriculture community. She grew up in Sugarcreek where she was involved with 4-H and rode horses. She learned about Farm Bureau’s energy program through one of her customers.“He said remember to look at Farm Bureau – you could save a ton with them,” she said. “We’ve already saved with workers’ comp and now we have the energy savings and are in the process of applying for Farm Bureau’s health care program.”Yingling learned about the energy program during a workers’ compensation meeting and signed up shortly after that.“I don’t know the energy rates day to day and always felt pushed by other companies,” he said. “I feel comfortable with Farm Bureau. Business is about relationships and I know Farm Bureau has our best interest in mind.”Online ExtraLearn more about the Ohio Farm Bureau Energy Program and enter for a chance to win $500 that can be used like cash, including to pay for utility costs.Photo credit: Photo by Peggy Turbett  Leave a Commentlast_img read more