This alternative energy stock is up 1,000% in a year! Should I buy now?

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Zaven Boyrazian | Wednesday, 3rd February, 2021 | More on: PHE Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. This alternative energy stock is up 1,000% in a year! Should I buy now? See all posts by Zaven Boyrazian Zaven Boyrazian does not own shares in Powerhouse Group. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Turning waste into energy with ProtosThe Protos plant is Powerhouse’s first energy plant that received planning permission and began construction in 2020. Once on-line, the facility is expected to process 4.9 million tons of plastic waste each year using the DMG system, and generate 140MW – enough to power more than 250,000 homes.However, as promising as this technology is, the alternative energy stock is still exceptionally early in its business cycle. As I just said, Protos is the company’s first facility. Until it’s finished and operational, Powerhouse has no source of revenue, with plenty of expenses. And so it needs to continually raise capital to keep the lights on — that’s quite risky.While no official completion date has been announced, a facility of this size and complexity is likely to take between two and three years to complete. Any delays or disruptions might begin to spook early investors. And given that the firm is continually issuing equity to raise funds, a loss of investor confidence could significantly impact the future of Protos and Powerhouse itself.Source: Peel Environmental – Protos plant layoutThe bottom lineThe alternative energy stock looks like it could be an incredible business for investors and the environment. But, until the Protos plant comes on-line, the business model remains unproven.Personally, I think it’s too soon for me to be investing in this company. There are simply too many unknowns. And the recent surge in the share price only adds additional risk.But the technology could be vital to a carbon-neutral world. Therefore, I’m keeping a close eye on this stock. Powerhouse Energy Group (LSE:PHE) is an alternative energy stock whose share price has seen explosive growth of over 1,000% since early 2020. The surge in share price appears to have been triggered by the announcement of site preparation for its Protos plant.But what does Powerhouse do? What is the Protos plant? And should I be considering this alternative energy stock for my own portfolio? Let’s take a look.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A pioneering alternative energy stockPowerhouse is an energy producer. It recently developed a new and proprietary technology called the DMG System. Put simply, it uses a thermal conversion chamber to take non-recyclable waste plastic, end-of-life tyres, and biomass products, to transform them into a synthetic gas called EcoSynthesis.Beyond providing a solution to the environmental landfill problem, EcoSynthesis gas has two uses. The first is as a suitable fuel for traditional gas turbines and steam cycle engines that generate electricity for most homes in the UK.The second use case is what I think has investors excited. EcoSynthesis gas is rich with hydrogen. Powerhouse extracts this element to create hydrogen fuel cells. These can be used to generate clean electricity, as well as power zero-emission vehicles.With UK environmental legislation pushing towards carbon neutrality by 2050, hydrogen technology has proved to be a viable, clean energy source. And the ability to create it from plastic waste sounds like an exciting investment proposition to me. Especially since current forecasts indicate the waste-to-energy market will reach $54.8bn by 2027.last_img read more

Bandung McDonald’s ranks among top-10 in global delivery records, sparking nostalgia for local stomping ground

first_imgThe photo showed that the Simpang Dago McDonald’s ranked eighth for most deliveries in one hour with 104 deliveries on Aug. 25, 2019. In the most deliveries in one day category, Simpang Dago McDonald’s ranked fourth with 1,158 deliveries on Oct. 12, 2019. Sutji Lantyka, associate director of communications for McDonald’s Indonesia confirmed the rankings displayed in the photo.“The data is valid, although it was only issued for internal use. Until now, we do not know who made this photo viral,” she told The Jakarta Post on Monday.The tweet garnered dozens of responses, mostly from customers who shared their experiences about dining or ordering from the Simpang Dago McDonald’s. Current and former students reminisced about their favorite local haunt after finding out that the Simpang Dago McDonald’s in Bandung, West Java, was among the top-10 outlets worldwide in terms of deliveries according to the 2019 Global McDelivery Records. A photo of the rankings went viral after Twitter user @Nickwisely97 tweeted it on Sunday.Saya bangga telah berkontribusi untuk membanggakan Indonesia masuk 10 besar dunia. Mari lestarikan makanan khas Kota Bandung pic.twitter.com/VEAbHBMcnM— Nick Wisely (@Nickwisely97) February 2, 2020“I am proud to have contributed to Indonesia’s achievement in reaching the top 10 in this global ranking. Let’s preserve Bandung’s unique cuisine,” he said. Twitter user @AlfarusFG, for example, said the place had served as his office and place of study.“McD Simpang Dago is not just a restaurant but also my office and campus,” he said.Meanwhile account @vallyanelsmy shared her experience of crying at the same store.“McD Simpang Dago is the most memorable place. Studying, hangout, finishing the thesis, meeting with my ex at midnight, also crying at 2 p.m.,” she said.Simpang Dago McDonald’s is one of 12 McDonald’s branches in Bandung, all of which operate 24 hours a day. The Simpang Dago branch’s location is particularly strategic, with at least five universities within a 1 kilometer radius of the eatery. It’s no wonder then, that the outlet has become a favorite place for students of the Bandung Institute of Technology (ITB), Padjadjaran University, Indonesia Computer University, Harapan Bangsa Technology Institute and the Academy of Social Welfare.When the Post visited the branch on Monday, there were many students hanging out on the second floor. Most of them sat inside the air-conditioned room, while some sat outside at the smoking area.Tia Jasmine, a 20-year-old ITB architecture student, said the Simpang Dago McDonald’s was one of her favorite hangout spots. She said the strategic location, Wi-Fi and the availability of electricity plugs made the fast food place stand out compared to cafes or other dining places around the area.“This place is like my second boarding home,” she said.Riska Salsabila, 20, Tia’s friend, said they would often spend an entire night in the restaurant.“We would get there at 3 p.m., buy a meal for dinner and go home the next day. We did it a lot during our freshman year,” she said, adding that she and her friends would often hold group study sessions and even watch Netflix together at the outlet, taking advantage of its fast Wi-Fi.Dirga Hutama of National Technology University said the Simpang Dago McDonald’s was convenient for its abundance of electric plugs.“I have visited other McDonald’s, but all the plugs at the Simpang Dago branch are functioning. It is also very close to campus,” Dirga said. (gis)Topics :last_img read more

Update on the latest sports

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditNFL-SUPER BOWLThe big day has arrivedMIAMI (AP) — It’s time to crown the NFL champion. Update on the latest sports Djokovic tops Thiem, wins 8th Australian titleMELBOURNE, Australia (AP) — Novak Djokovic (NOH’-vak JOH’-kuh-vich) has won a record-extending eighth Australian Open championship, beating Dominic Thiem (teem) 6-4, 4-6, 2-6, 6-3, 6-4. No other man in the history of tennis has won this tournament more than six times.It’s the 17th Grand Slam title for Djokovic, who has five titles from Wimbledon, three from the U.S. Open and one from the French Open. Only Roger Federer, with 20, and Rafael Nadal, with 19, have won more men’s Grand Slam singles trophies.Djokovic’s victory means he will return to No. 1 in the rankings, replacing Nadal.Thiem was appearing in his third major final. He has lost them all. Irving had his highest-scoring game of the season the previous night, scoring 54 points in a victory over Chicago.The Nets said Irving will be re-evaluated in a week. He will miss at least home games against Phoenix and Golden State — whose point guard, D’Angelo Russell, he replaced on the Nets — as well as a game at Toronto.Irving previously missed 26 games in his first season in Brooklyn with a right shoulder injury. He also sat out one after returning with hamstring tightness and didn’t play last Sunday after learning of Kobe Bryant’s death while preparing to face the New York Knicks.PGA-PHOENIX OPEN-KOBE BRYANTPGA Tour remembers Kobe Bryant with 16th-hole pin position The San Francisco 49ers are set to take on the Kansas City Chiefs in the Super Bowl.The 49ers are going for their sixth Vince Lombardi Trophy, which would tie the record shared by Pittsburgh and New England. The 49ers also are looking to be only the second team to go from 4-12 the previous season to the top of the heap. They haven’t won it all since the 1994 season.The Chiefs are making their third appearance in the Super Bowl, a name their founder Lamar Hunt came up with. But it’s their first time back since 1970, when they beat the Minnesota Vikings in the fourth Super Bowl, the final AFL-NFL matchup. The leagues merged the following season.Game time is 6:30 p.m. Eastern at Hard Rock Stadium in Miami Gardens.TENNIS-AUSTRALIAN OPEN Brignone wins super-G in overall leader Shiffrin’s absenceROSA KHUTOR, Russia (AP) — Federica Brignone (feh-deh-REE’-kah breen-YOH’-nay) won a women’s World Cup super-G after overall leader Mikaela Shiffrin sat out the race on Sunday, strengthening her runner-up position in the standings.The win left the Italian 270 points short of Shiffrin’s leading tally.The American three-time overall champion decided to skip the races in the 2014 Olympic resort after winning the previous super-G and a downhill in Bulgaria a week ago.Shiffrin, who won the super-G world title and discipline standings last year, was not the only top contender to sit out this weekend’s races. Slovakia’s Petra Vlhova and Italy’s Marta Bassino also refrained from traveling to Russia.center_img February 2, 2020 Associated Press SCOTTSDALE, Ariz. (AP) — The PGA Tour joined players with a 16th-hole tribute to Kobe Bryant on Sunday at the Waste Management Phoenix Open, using his two Lakers uniform numbers to cut the final-round pin position on the stadium par 3.The pin was placed 24 yards from the front edge and 8 yards from the left edge, putting it in the back left corner of the green on the rowdy hole that holds more than 20,000 fans.Bryant, daughter Gianna and seven others were killed a week ago in a helicopter crash in California.Third-round leader Tony Finau (FEE’-now) and fourth-ranked Justin Thomas have donned Bryant jerseys on the hole. Finau birdied it Friday and Saturday wearing a yellow No. 8 Lakers jersey. Thomas has worn a white No. 33 Lower Merion High School jersey, selecting it over a Lakers jersey that he also brought from his collection.WORLD WCUP-WOMEN’S SUPER-G NBA-NETS-IRVING OUTKyrie Irving out at least a week with right knee sprainNEW YORK (AP) — Kyrie Irving will miss at least a week with a sprained medial ligament in his right knee.The Brooklyn Nets star had an MRI exam Sunday that confirmed the team’s diagnosis after he was injured Saturday in Washington.Irving got hurt in the fourth quarter of a 113-107 loss, when he and Wizards guard Bradley Beal got tangled battling for a loose ball and Irving’s knee twisted as he landed on the court. He stayed down for a couple minutes before remaining in the game for the jump ball — in which he didn’t jump — and then left the court and went to the locker room.last_img read more

FIFA, CAF Name Observers to NFF Elections 2018

first_imgAlso on Monday, the Confederation of African Football, through a letter addressed to the NFF General Secretary, Dr. Mohammed Sanusi and signed by CAF Secretary General, Amr Fahmy, designated a Member of its Executive Committee, Mr. Sita Sangare, as its Observer to the big event. Sangare, an army colonel, is also President of the Burkina Faso Football Federation.The city of Katsina is already bubbling for the much-anticipated polls with the arrival on Monday of an advance team from the NFF Secretariat.The NFF Electoral Committee put in place by the NFF Congress at the 2017 Annual General Assembly in Jos, Plateau State, which is headed by Barr. Muhammed Sani Katu, will conduct the polls.The Committee has already cleared incumbent Amaju Melvin Pinnick, former Nigeria international and one-time NFF Secretary General, Chief Taiwo Ogunjobi, former NFF President Aminu Maigari and Mr. Chinedu Okoye to contest for the presidency.Incumbent Seyi Akinwunmi will vie with Sunday Dele-Ajayi for the 1st Vice President’s position, while Patrick Ifeanyi Ubah will oppose incumbent Ibrahim Musa Gusau for the slot of Chairman of Chairmen.A total of 15 other persons will battle for the remaining eight available positions on the Executive Committee.All 44 Members of the Nigeria Football Federation Congress will cast their votes on Thursday. A number of the voters will arrive in Katsina today.Meanwhile, Pinnick has declared that the next cycle of the federation board will be his last if he wins on Thursday.Speaking at a media parley in Lagos at the weekend, Pinnick who also doubles as CAF’s First Vice President insisted that he was sure of being reelected because of the many changes he has brought to the administration of football in the country.Despite the fact that no incumbent has been returned to the coveted seat in the past dozen or so polls, he believes he can end the no-back-to-back reelection because, “I am a covenant child.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram FIFA President, Gianni Infantino *Pinnick insists: No third term for me if re-elected in KatsinaWorld football-ruling body, FIFA yesterday named Messrs Luca Piazza and Solomon Mudege as its Observers to Thursday’s elections into the Nigeria Football Federation Executive Committee 2018-2022.Mudege is FIFA’s Senior Manager for Development Programmes (Africa) while Piazza is a senior official in the FIFA President’s office.last_img read more

Tropical Storm Isaias Forms, Future Track Uncertain

first_imgTropical Storm Isaias formed south of Hispaniola Wednesday night and is tracking west-northwest at 20 mph with maximum sustained winds near 50 mph.The current track will take it over Puerto Rico and the Dominican Republic by Thursday.Though South Florida is in the cone of concern the future track of Isaias is unclear.Because there is no defined center of circulation computer models are unable to forecast the potential track of the storm.Stay with 850 WFTL for the latestlast_img

South Sound Solar, Inc. Announces the Opening of its New Division,…

first_imgFacebook18Tweet0Pin0Submitted by South Sound SolarWith the same dedication to customer service as South Sound Solar, Sustainable Electric offers full service electrical for residential and commercial properties, including;*New circuits and repairs*Service Upgrades and panel replacement*Smart Lighting and controls*Electric Vehicle (EV) chargers*Heat pump water heaters*Power monitoring systems*Back up and emergency power solutionsSouth Sound Solar began installing renewable energy systems in 2008, and Sustainable Electric continues the commitment to energy efficiency, conservation and renewable energy generation. Our educational approach to sales and service empowers customers to make informed purchasing decisions to lower their utility bills and reduce their carbon footprint. Photo courtesy: South Sound Solar Photo courtesy: South Sound Solar South Sound Solar remains the premier solar installer in the South Sound and along with its new division, Sustainable Electric, will continue to provide excellent customer service to our local communities’.Contact us today to schedule an appointment or get a [email protected] or call 360-352-7869last_img read more

Colts Neck Family Reheats ‘The Crockpot Cook-off’

first_imgWithout missing a beat, Ryan said, “I want to have the Harvest Party.” So Dowd dragged out her giant tub of outlet extenders and boosters and started planning. Over the years she’s blown so many fuses she’s lost count. This year’s party almost didn’t happen thanks to a faulty GFI on the back patio where she sets up all the tables and less than stellar weather. “Every year I set up tents,” said Dowd, “and every year the weather was beautiful. This year I didn’t bother and it was threatening rain all day.”But that certainly didn’t dampen the fun. Guests came from as far south as Florida and North Carolina and from as far north as Canada. A fall tableau with mums, a scarecrow and a chalkboard sign invited guests to “strike a pose.” Once pictures were taken they could be posted to Snapchat with a special Harvest Party 2018 filter designed specifically for the party. Printed cups touted “Happy fall, y’all” and “Patti and Ryan’s Harvest Party.”But the food is definitely the star. “It’s really the best buffet ever,” said Dowd. Over the years there have been some great dishes and some not so great ones.A chocolate cake Dowd compared to a “chocolate slug” lives in infamy. A vegan tofu miso soup Dowd hated got the judges’ vote one year. Rice balls caused some controversy as they weren’t actually cooked in the slow cooker, just placed in there for serving. And cosmos in a crockpot were so strong one year everyone got a little drunk. By Elizabeth Wulfhorst |COLTS NECK – Gathering friends and family together for a party is nothing new. Asking everyone to bring a dish isn’t a novel concept either – potluck, anyone? But hosting 125 people lugging 35 slow cookers in your backyard requires some serious planning, a feat township resident Patti Dowd has accomplished nine times, most recently last month in her backyard.Dowd’s son Ryan was just 3 years old when their annual Harvest Party was born. What began as a small fall party for family and a few friends – a precursor to Halloween, really – quickly grew.“It got bigger exponentially,” Dowd said.“The first year we had four crockpots, then 10, then 20. Eventually I said, ‘Let’s just go for it.’ ” Going for it meant erecting tents, hiring a service to do set up and clean up, ordering lots of desserts and planning games for the kids. And turning the party into a competition.Dowd said by the second year, everyone was bragging about their dish, saying it was the best. So she suggested a contest and her guests rose to the challenge. They eventually introduced independent judges because people were stuffing the ballot box and cheating. One year Dowd’s sister-in-law made Irish stew. She dressed the kids at the party in kilts, hired a bagpiper and had them march around just to try and influence the vote.Each year someone is crowned the grand champion by the judges. That person takes home a trophy, called The Patti Crocker, consisting of a Barbie doll dressed in a bandana, surrounded by pumpkins and leaves. Initially the trophy was passed from winner to winner each year, like the Stanley Cup, but the original one ended up in Wisconsin so this year’s trophy was new. There are also prizes for the most popular dish, voted by all the guests in attendance, and a winner chosen by kid judges.Patti Dowd, right, and the author, the winner of the 2018 Harvest Party grand champion prize The Patti Crocker, posed for photos after the judges’ decision was announced.About seven years ago the party got so big – at one point reaching 200 guests and 47 slow cookers – Dowd decided to call it quits. Ryan was almost a teenager and life was just getting in the way. Then, at the end of this summer, Dowd asked her son what he wanted for his 18th birthday and high school graduation. They hadn’t had the chance to celebrate either thanks to Dowd’s treatment at the time for cancer.center_img e winning entry in the 2018 Harvest Party competition got a new name thanks to a clever helper. The dip was one of 35 dishes vying for three prizes.This year’s dishes ranged from a venison chili to a cheesy beer dip to apple cider sangria and a peanut butter chocolate cake. A creative family member was assigned to give the dishes clever names as they arrived: The dip became “In Queso You Need a Beer” and the venison chili was designated “Chili con Bambi.”Dowd even hired an ice cream truck this year to dispense treats after the judging was over and all the slow cookers were packed away.And was Ryan happy with his choice of birthday/graduation celebration? “He had the best time,” said Dowd.Full disclosure: The author was the winner of the 2018 Harvest Party grand champion prize. Her triumphant dish was the cheesy beer dip, accompanied by homemade soft pretzel bites.This article was first published in the Nov. 8-14, 2018 Colts Neck section of the print edition of The Two River Times.last_img read more

DDTV: FLOOD WATERS HIT ROADS AROUND LETTERKENNY

first_imgDDTV: The sheer volume of flood waters in and around Letterkenny took many people by surprise. This short video gives you an idea of what it was like, just outside the town. DDTV: FLOOD WATERS HIT ROADS AROUND LETTERKENNY was last modified: August 5th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:AUGUST 2014DDTVDonegal Daily TVfloodslast_img read more

Competitor killed in Donegal International Rally tragedy

first_imgA competitor has been killed in a collision at the Donegal International Rally.Donegal Motor Club confirmed in a statement that they are liaising with the family of the competitor involved.Another man has been seriously injured in the crash. The Donegal Motor Club said the incident occurred at around 12.30pm.The accident occurred on Super Stage 15 on the Fanad Head Loop.The final stages of the rally have been cancelled following the collision.A full investigation has been launched into the incident and will be assisted by Motorsport Ireland and Donegal Motor Club. A statement from Donegal Motor Club said: “It is with regret that Motorsport Ireland and Donegal Motor Club announce that a fatality has occurred during the final day of the 2019 Donegal International Rally on Sunday 23rd June.“The Donegal Motor Club are liaising with the family of the competitor involved.“The three-day annual event takes place in June each year and attracts large numbers of spectators and in excess of 200 competitors took part in this years’ event.“The relevant authorities have begun a full investigation into the incident and will be assisted by Motorsport Ireland and Donegal Motor Club. Motorsport Ireland and its affiliated clubs are recognised internationally for operating to the highest standards of motorsport safety for competitors and spectators in line with the best practice of the FIA.“The entire motorsport community extends its fullest sympathy to the family of the bereaved. “More information may be released later.”Competitor killed in Donegal International Rally tragedy was last modified: June 24th, 2019 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

South Africa to get second stock exchange: ZAR X

first_imgSouth Africa is to get its second stock exchange, after the Johannesburg Stock Exchange has dominated trading in the country for more than a century. ZAR X has been given a licence to operate, and it plans to be up and running in September.ZAR X investors will be able to monitor the performances of their shares on the company’s website (Image: Pixabay, CC0 Public Domain)Priya PitamberSouth Africa is to get its first new stock exchange in more than a century. ZAR X Stock Exchange announced yesterday that the Financial Services Board (FSB) had granted it conditional approval for a stock exchange licence.The licence had been granted under the Financial Markets Act and the conditional approval was granted subject to certain suspensive conditions being met to the satisfaction of the Registrar of Securities Services, said ZAR X.The Johannesburg Stock Exchange has been South Africa’s only bourse. It was founded in Johannesburg in 1887, during the Witwatersrand gold rush. It is Africa’s biggest and most liquid stock market.ZAR X intends to start operating in September, and aims to enable more lower- income investors to trade shares. According to the company, ZAR X will help “you to grow your financial potential through investment and saving”.ZAR X, the company explains, is a platform that will let “everyday South Africans transact shares quickly, cheaply and conveniently, even if they have never formally invested money or opened a bank account before. The platform is designed to empower those who don’t have skills or experience in investing, to easily and safely build a brighter financial future for themselves and their families.”It will also give business enterprises a flexible, transparent and affordable way to list their restricted or limited share offerings, so that ordinary South Africans can take advantage of them. The idea will be to give South Africans access to restricted share listings, to help them secure investment opportunities in order to build financial security.Bloomberg news agency reports that ZAR X plans to run three sections: a main board for company listings, an over-the-counter stock-trading business, and an investment products market.“A more flexible and practical listings process will ensure greater simplicity and less complexity for companies making use of the ZAR X Stock Exchange,” chief executive officer Etienne Nel said in a company statement. “We also make investing simpler and affordable for the public, especially the lower income groups.”In a Moneyweb report, Nel said a big cost advantage for investors was that there would be no custody fees. These are fees paid by investors towards brokers who execute trades on their behalf. Although there will be brokers on the ZAR X, investors will not have to execute trades directly through them. Instead they will be able to log their trades via a call-centre, online, or through a mobile app, the online financial news portal reports.ZAR X will be based in Bryanston, Johannesburg, although there will not be a central market itself. Investors will be able to monitor the performances of their shares on the company’s website.It will be in good company. The JSE rates among the top 20 exchanges in the world by market capitalisation.The JSE is regarded as a mature, efficient, secure market with world-class regulation, trading, clearing, settlement assurance and risk management. It has harmonised its listing requirements, disclosure and continuing obligations with those of the London Stock Exchange and offers superb investor protection.The World Economic Forum’s 2015-16 Global Competitiveness Index rates South Africa first in the world – out of 140 countries – for financing through the local equity market, and second for the regulation of securities exchanges.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more