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 negotiable certificate issued by a US bank representing a specific number of shares of a foreign stock traded on a US stock exchange. ADRs make it easier for Americans to invest in foreign companies [..]

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 [..]

An index designed to reflect the movement of the equity market. The FTSE/JSE All Share Index represents 99% of the full market capital value (i.e. before the application of any investability weighting [..]

The AltX (Alternative Exchange) is the JSE’s board for small and medium-sized companies in South Africa. Established in 2003, AltX provides smaller companies not yet able to list on the JSE Main Board [..]

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 [..]