WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2007-10-04 Time: 00:00:00 Posted By: Jan
South Africans now have an easier way of accessing international equity markets.
PSG Konsult, a division of PSG Group (JSE:PSG), announced today it has signed a partnership agreement with ADM Investor Services International. This will result in the establishment of an international trading platform for its clients – and is seen as the first step to greater offshore participation by the company.
Speaking to Moneyweb, Willem Theron, PSG Konsult’s CEO, said the initiative came in response to demands from its increasingly sophisticated client base.
‘You can now take R2m out of the country as an individual and clients wanted to know why they couldn’t invest that money themselves in companies, like Coca-Cola and Berkshire Hathaway, that they already know about,’ he said.
According to Theron, the platform will focus initially on the London Stock Exchange and the New York Stock Exchanges, but it will be expanded to cover other bourses in time.
“As a client, you phone up a PSG representative in South Africa and they will then place the order through the international system, on your behalf,” he says, adding the group’s online research will be bolstered through the partnership as well so that clients have access to ADM research on the stocks.
The transactions are conducted in pounds and the costs involved are a flat fee of ₤12,50 plus 1% of the total transaction value.
“For transactions greater than ₤100 000 the fees are negotiable,” Theron adds.
Source: http://www.moneyweb.co.za/mw/view/mw/en/page49?oid=164051&sn=Detail