Monday 26 September 2011

30% return on Investments mmmm!!!!

Interested in earning a proven 30% fixed return within 12 months whilst also helping climate change
We can help you send up to SAR 4 million across for an investment - sending money from SA

Emerald Knight is proud to offer investors an exclusive opportunity to purchase carbon credits direct from a prestigious project in the Amazon that will be sold to the offset market during a 12-month period to generate investors a fixed 30% return on investment.

Let me send you a brochure - I think it is worthwhile looking at this company and their offerings - the Mage!

Investment highlights
Min investment of £4,500

Fixed return of 30%

Short-term investment - ROI in

        just 12 months

Help mitigate climate change

Carbon offsetting is a rapidly
growing market


Voluntary emission reduction
project (VER)


W

Tuesday 20 September 2011

Credit Decision for Self Employed People

So what do banks look at when offering a home loan - firstly it is your repayment ability especially the financial position and strength of balance sheet, asset base of the business and the individual and of course the equity.

The there are the actual needs or amount required and providing the bank with the purpose of funds for a home, Holiday house etc.

Credit managers want to know everything about the business income focus being on how income is generated by client and the source of the income and sustainability thereof.

Minimum documents needed are - The latest 2 year signed comparative financial statements. - Signed and dated statement of personal assets and liabilities - Latest 3 months personal & business bank statements. - Where latest financial statements are not available, the latest set of management accounts required. - Kredit inform and ITC or Experien credit checks will be done on company and individuals and the business documents are required to confirm all principles & interest holding.

This is the same for all banks with slight variations whether you go to ABSA, Std Bank, FNB or Nedbank.

Monday 19 September 2011

Somtimes a little Bush Home Gets you the rest your deserve!

Having a real love for the Kruger National park and the bush, I have always invested in Hoedpruit and the Limpopo surroundings - which are close to Orpen gate and Phalaborwa gate - close to my favourite camp Letaba.

So when I hear of investments and deals happening in the area I always believe that these places are meant for someone like me and so here is the latest.

The place - Raptors View Wildlife Estate outside the town of Hoedspruit.  For family people its an awesome place to live because of the fabulous Southern Cross School.  For thos who just want a place in the bush on a wildlife estate and close to the Kruger Park, Raptors View and Raptors Wildlife Escapes are just two of the superb places to invest into.

So for R 1,7 million or nearest offer (Offers are always negotiable) there is a lovely 2 bedroomed 2 bathroomed thatched piece of heaven on 10,000 square metres and traversing of the estate with Giraffe etc available from Remax Wildlife Properties amongst their collection of bush properties.

I would go up there for a weekend a check the place out.  Then you can decide.

Monday 12 September 2011

September Madness for you International Mortgages

September Madness for you International Mortgages - 10/09/2011


Country
Initial Rate
Term Of Rate
Type
Loan to value
Typical APR

France
France
2.29%
Loan Term
Variable
70%
2.74%
France
France
3.80%
10 Years
Fixed
80%
4.23%

Spain
Spain
3.29%
Loan Term
Variable
50%
3.46%
Spain
Spain
3.50%
1 Year
Fixed
70%
3.92%

Portugal
Portugal
3.22%
2 Year
Fixed
60%
3.49%
Portugal
Portugal
3.85%
Loan Term
Variable
80%
4.16%

Turkey
Turkey
4.45%
Loan Term
Variable
70%
4.74%
Turkey
Turkey
7.20%
10 Year
Fixed
50%
7.52%

USA
USA
3.89%
Loan Term
Variable
60%
4.21%
USA
USA
4.50%
5 Years
Fixed
75%
5.11%

Wednesday 7 September 2011

Is Blue back in the Blue?

So it seems like Blue Financial Services is back in the blue and available is about One Billion Rand to finance the growth of its loan book over the next period of time. Blue made the announcement as it outlined a major thrust to expand in SA and Africa, where it already has more than 300000 customers. The pan-African micro-lender plans to have more than trebled loan distribution centres it has in Africa by the end of next year, Blue said in its latest annual report.




Blue has a presence in 14 African countries including SA, but operates in 12 of these, with SA having the bulk of the customer base.




Blue was rescued from possible collapse by private equity firm Mayibuye, which last year acquired a controlling stake after injecting loan and equity funding of R463m.




Soon afterwards, Mayibuye approached Blue’s institutional lenders, who include Absa and multilateral development finance organisations, to convert debt owed to them into equity.




Blue CEO Johan Meiring said in the report the restructure had allowed the company to ring-fence the old loan book, on which only the interest would be paid for up to three years. This would give the company breathing space to start lending to generate income.




"The way in which the debt restructuring agreement was formulated will allow shareholders to benefit from the future business generated, while debts remaining from the past are ring-fenced to the old loan book," Mr Meiring said.




"The successful conclusion of the transaction means that Blue will have access to almost R1bn over the next three years for the growth of the group’s loan books," he said.




This was made up of R300m in terms of a claim purchase agreement facilitated by Mayibuye, while nearly R700m would be provided by existing funders in terms of the debt rescheduling agreement.




Mr Meiring said Blue’s turnaround was gathering pace, marking a reversal of the desperate times it endured last year when it was on the verge of collapse.




In addition to the capital injection, Blue had been cutting costs, tightening lending procedures and improving debt collection.  This had helped to improve revenue and also to cut its losses.  In the year to February last year, it made a record loss of R1,03bn, which fell to nearly R285m in the following year.




Losses for the six months to last month were expected to be lower by as much as 90% compared with the R168,2m loss made in the same period last year, the firm said in a recent regulatory update.




Blue outlined in a preamble to its annual report a series of measures planned for next year to consolidate the recovery of the firm.




These included growing its footprint from 213 distribution points to more than 750 across Africa, concluding a black economic empowerment transaction, recapitalising all subsidiaries and further strengthening the balance sheet.