April 2003


If you are unable to read this mail, or you would just like to take a look

please visit www.sagroupuae.com

Mark your Calendars for:

17 April - SA Dames Ontbyt / SA Ladies Breakfast
Marina Mall
(More details further in the Newsletter)

24 April - SA Nasionale Dag Feesvieringe
by die Gulf Hotel.
(Onder andere 'n Potjiekos Kompetisie, braai en vele meer!)

Volwassenes: Dhs.70 per persoon
Kinders: U/12 - Dhs.30
(More details further in the Newsletter)


WELKOM

'n Hartlike welkom aan Craig en Erika Brand asook Jaques Visser en sy gesin, mag julle tyd in die UAE baie geseënd wees.


NEWSLETTER

We have received complaints that some people do not receive this Newsletter. If you know of anybody, please ask them to contact the SA Group. Our new e-mail address is: abudhabi@sagroupuae.com.

Take a look at the SA Group website: www.sagroupuae.com . There is something there for the whole family …. from pets to job vacancies and many more.


FEEDBACK ON THE SA DINNER AND DANCE!

 

And what a party that was … they had to switch the lights off to get the people out … and this was 1:30 in the morning! Thanks for your support. Way to go boytjies !

 



LADIES EVENING GROUP "BELLY DANCING"


En wie't gesê ons kan nie dans nie ??

SA Dames Ontbyt / SA Ladies Breakfast
17 April 2003
9:30 vir 10:00
La Brioche - Marina Mall
Dhs 35 pp

Kom geniet 'n oggend van saamkuier, interressante praatjies en 'n paar verrassings!
Come and enjoy a relaxing morning of interesting talks, some surprises and meet new friends!

Kaartjies te koop, net tot 15 Apr by:
Tickets for sale, only until 15 Apr from:
Elzette - 050 782 4633 / Susarie - 050 614 1964
Natalie - 050 536 3821 / Marina - 050 531 1371


"Up for Grabs"

1993 Hyundai Piano. The serial number is ILE00577 Model U-820. Black colour. Dhs. 5 000 negotiable. Call Joan at 665-3493.


Mutichoice Decoder complete. Phone Dean Pearson at 050 655 7538 or email at pearson@sahmnet.ae


Brand new LG Washing Machine - Top Loader - 10 kg
Cost Price Dhs. 1545 for only Dhs.1200 or best offer.

Brand new Kenwood Microwave - Cost price Dhs. 375 for only Dhs.200
Call Lesley at 02 665 8630 / 050 771 5985 or 050 6623804


Volkswagen Golf 4 2.0 Generation

2002 Model, 29 000 kms
Pearl white, one owner, like new full VW dealership warranty until November 2004.
Fully automatic, alloy wheels, two tone sports interior, CD shuttle
Dhs 45 000 neg.
Contact Karl on 050 784 1879


COMPUTER FOR SALE

SPECS
Pentium 4
1.4 Ghz
Optical mouse
17-inch monitor
CD drive
Internal Modem
64 Mb Gforce 2 Graphics card
30 Gb hard disk
128 Mb RD RAM
Intel original motherboard
Soundcard
Microsoft keyboard
10-100 Ethernet
PRICE: AED 2,000 CONTACT STORM on 050 752 5311

Furniture for Sale

Elegant furnisher from the One and Ikea like new for sale. Owners moving away and would like to sell items including room divider, couches and cupboards.
Phone Dianna 050 644 3887


Employment

Architect / Visualiser
Dubai
3 - 4 years experience
Dhs 15 000

Contact Vishaka at home 02-6264880
Office. 04 3554134
Mobile. 050 6126560


Giggles English Nursery
Kindergarten & School
Old Airport Road


Post 1:

We require a Primary School teacher, preferably with Gulf experience, who will act as a Staff Co-ordinator and be responsible for Curriculum Development.
At present we have up to Grade 3 and will add Grade 4 in September.

Post 2:


We also require Primary School Teachers, preferably with Gulf experience to start in September. Please call for an interview.


The applicants for both positions MUST BE ENGLISH SPEAKING (Native language).

We have a lovely school with friendly and motivated staff !

Please call us on Tel. 641 6255 or send your C.V. to Fax. 641 6488


Onderwys Poste by Al Nadha

Onderwys poste vir September by Al Nadha Skool se "Kindergarten Department".
Kontak Susan Jooste by 050 542 0271 of e-pos joostesan@hotmail.com


Recommended House Cleaner

Lydia Lewis highly recommends Abdulla (Kerala) for domestic work.
He charges Dhs.20 per hour (no extra taxi fare).
Phone Lydia on 02 665 6188 or 050 661 3490


Lang verwagte "Potjiekos wedstryd"
(Deel van die SA Nasionale Dag veesvieringe op die
24 April, Gulf Hotel)

"Vet Pryse te wen" bring jou span en kom wys wat julle kan doen!

Reëls

  1. Alle spanne is verantwoordelik vir hulle eie stalletjie.
  2. Alle spanne moet oor 'n naam beskik en nie meer as vier lede per span word toegelaat nie.
  3. Die grootte van die potjie mag nie 'n nommer 3 oorskry nie.
  4. Alle bestandele vir die potjie moet rou wees en sal ook beoordeel word asook die uitleg daarvan.
  5. Alle potjies moet op kole voorberei word.
  6. Spanne word versoek om 'n braaier saam te bring wat die kole sal hou en groot genoeg sal wees vir die potjie om in te staan.
  7. Geen gekoopte en voorafbereide souse sal toegelaat word nie en spanne moet hulle eie souse op die perseel voorberei.

Vir meer besonderhede en inskrywings kontak asseblief vir
Wessie vd Westhuizen (050 722 7310)



"Money is like Manure - If you spread it around it does a lot of good, but if you heap it into one place -
It stinks like Hell"

Well here we are again, another month that has flown past, just think, 11 months to Christmas, and Summer holidays on the way - lekker !!

Our last newsletter I attempted to enlighten you on the asset classes of Cash, Bonds and Equities, This month I would like to talk about the other 3 basic asset classes namely Property, Commodities and Collectibles because these are the things that you need to buy low and sell high.

Fast Cars and Paintings - Collectibles

Now fast cars and paintings we call collectibles is something that everyone has and I know very little about, so I am not saying that you cant make money on a stamp collection but if you are planning a pension on that, you are in dodgy territory - you need to know about stamps.

This would also apply to Paintings, Antiques, Persian rugs etc. One thing is for sure, the collectibles need to be insured and in some cases like stamps, the insurers require an up to-date catalogue of the stamps before they are prepared to consider insuring the collection. As far as art is concerned it will only be insured on a property, and again people like Southaby's, Ashby's will be required to give a valuation and are the people that one should get hold of before one goes into this type of asset class. Don't get me wrong here, you can make money on collectibles, you just need to be careful.

Commodities

What is a commodity? Well - its any item that can be bought and sold. It is generally a physical item such as a base mineral, oil, meat, livestock etc. Commodities are volatile and can go up and down like a yo-yo and not for thc faint hearted. Any good stockbroker will tell you that you should not invest more than say 10% of your investments into commodities, but he will also tell you that you should be prepared to lose it.
So what is the moral of the story. Well If Nick Gleeson can bring down Barrings bank then the financial advisor can bring down the average layman by taking to much risk. Commodities are generally to risky for the average layman and is an asset class that he should steer clear of until such time as he has disposable income that he can afford to place into instruments which offer a potential high return with a high risk factor.

Property

This is my favorite subject and as you know we will be having a seminar on the 20th of March for South Africans and Friends keen on learning about the pros and cons of buying property any where in the world, I have arranged two guest speakers who have a wealth of knowledge in this area so please come along. If you are keen, please contact Hannellie for details.

"The lord stopped making land a long long time ago but he never stopped making people. Buy land". A great client of mine told me this in 1976 in Fort Victoria Zimbabwe. So what is the secret? Position, Position, and Position

The opportunity in creating a portfolio of property over time is something that we should all strive for. But investing in property has its distinct advantages and disadvantages. lets have a look at some of the important things we need to consider before we buy.

  • Why do you want to buy?
    • For your own use now? Or to retire in? Or For investment - buy to let?
  • Where should you buy - Location -
    • Is it In South Africa, In Dubai or USA, or Europe or Elsewhere?
    • Is it near a Hospital, Schools, University, main roads, airport, bus routes, shopping malls etc.
  • What is your budget? Have you had a comparative analysis completed on the property?
  • What are your hidden costs? Remember they vary from Country to country.
    • Transfer costs
    • Agents commission
    • Management fees
    • Surveyors fees
    • Registration costs
    • Tax implications on income from property
    • Stamp duty
    • Furniture costs
    • Lawyers fees
    • What are the laws governing none residence purchasing property?
    • Are there any rights over the property in the title deed?
  • Can I get Mortgage finance? With whom and what are the interest rates? Are they fixed or flexible?
  • What is the expected return? Will I be taxed on this income? If so where? Can I avoid paying tax? How?
  • Is it the right time to Buy?

I hope that this brief note has helped stir some other questions in your mind regarding real estate. Make no mistake you can make a lot of money from a well-balanced property portfolio. Like all investments timing is of paramount importance, and as mentioned, buy low sell high not the other way around. I hope these questions will be answered for you at the seminar.

Next month we will look at Medical aids and Health plans. Please don't forget the property seminar, see you there.

Phil Graham


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