List of Glossary Terms
| G7 |
This was a group of 7 countries - America, Canada, United Kingdom, France, Germany, Italy and Japan. It was established in in 1975 and was formed from the "Group of 6" which excluded Canada.... read more |
| GAAP |
Section 19 of the Financial Advisory and Intermediary Services Act (FAIS) requires that "the financial statements be prepared in conformity with generally accepted accounting practice". The auditor... read more |
| GAI |
12 - 12 - 2019 Gaia (GAI) is an infrastructure investment company. It has three divisions - (1) Infrastructure Partners, which invests in large projects in energy, transport, water and sanitation;... read more |
| GAIA INFRASTRUCTURE CAPITAL LIMITED |
12 - 12 - 2019 Gaia (GAI) is an infrastructure investment company. It has three divisions - (1) Infrastructure Partners, which invests in large projects in energy, transport, water and sanitation;... read more |
| GAM |
Global Asset Management (GAM) is a small asset management and energy company that is extremely thinly traded and is about to be de-listed from the JSE. It is therefore of no interest to private... read more |
| GAMMA |
The degree by which the delta changes with respect to changes in the underlying instrument's price. |
| GANN THEORY |
Various analytical techniques developed by legendary trader W.D. Gann. His first prophecy is believed to have happened during World War I when he predicted the Nov 9, 1918, abdication of the... read more |
| GANN'S SQUARE OF 9 |
A trading tool that relates numbers, such as a stock price, to degrees on a circle. The Square of 9 is basically a spiral of numbers. The initial value can be found in the centre of the spiral.... read more |
| GAP |
A day in which the daily range is completely above or below the previous day's daily range. This term normally refers to a bar chart where the low for one day is considerably above the high for... read more |
| GDP |
The GDP of a country is defined as the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every... read more |
| GEARING |
The relationship of a company's borrowings or debt to ordinary shareholders' funds. A company can obtain the finance it needs to conduct its operations from two sources: by the issuing of its... read more |
| GEMFIELDS GROUP LIMITED |
24 - 04 - 2020 The Gemfields Group (GML) (previously Palinghurst Group) is a mining group that has two major projects: (1) Kagem, the world's largest producer of emeralds (in Zambia) and... read more |
| GEMGROW PROPERTIES LIMITED |
15 - 07 - 2019
On 10th April 2019, Arrowhead announced its intention to merge with Gemgrow. Arrowhead owns 53,3% of Gemgrow. The deal will be structured so that Gemgrow buys all of Arrowhead's... read more |
| GENERAL FUEL LEVY |
A general tax changed per litre of petrol sold. This tax is administered by the National Treasury, and despite most people thinking it is used to maintain the roads, it is a general tax included... read more |
| GENERAL OFFER |
An offer made to all shareholders of a company for the purchase of their shares. The purchase price could be in cash or in shares of a predator company or a combination of both. |
| GENERALLY ACCEPTED ACCOUNTING PRACTICE |
Section 19 of the Financial Advisory and Intermediary Services Act (FAIS) requires that "the financial statements be prepared in conformity with generally accepted accounting practice". The auditor... read more |
| GENERIC SCORECARD |
In terms of the BBBEE (Braod Based Black Economic Empowerment) Act, companies over a certain size are required to maintain a scorecard in which black ownership, black management, black employment... read more |
| GEPF |
A pension fund for government employees, the GEPF is the single largest investor on the JSE owning about 12,5% of its market capitalisation and with about R1,8 trillion rand invested. The GEPF... read more |
| GERMANY DAX INDEX |
This is a simple index of the thirty largest shares trading on the German stock exchange. The DAX is a Paasche index which began on 30-12-1987 at a base value of 1000. The DAX generally follows... read more |
| GFI |
11 - 06 - 2020 Gold Fields (GFI) is a high-cost international gold mining house with a single mine in South Africa - South Deep. South Deep was bought by Gold Fields in 2006 and it has struggled... read more |
| GIC |
A single lump-sum deposit that earns a guaranteed interest until a known maturity date. GICs are issued by insurance companies. |
| GIVE-UP |
When a broker executes an order for another broker's client and the two brokers split the commission; the client pays nothing extra. |
| GLENCORE PLC |
23 - 06 - 2020 Glencore (GLN) describes itself as, "one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities.... read more |
| GLI |
19 - 03 - 2020 Go Life International (GLI) is a company listed in Mauritius with a secondary listing on the JSE's Alt-X market. Its focus is in "nutraceuticals" which are products associated... read more |
| GLN |
23 - 06 - 2020 Glencore (GLN) describes itself as, "one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities.... read more |
| GLOBAL ASSET MANAGEMENT LIMITED |
Global Asset Management (GAM) is a small asset management and energy company that is extremely thinly traded and is about to be de-listed from the JSE. It is therefore of no interest to private... read more |
| GLOBEX |
The Chicago Mercantile Exchange's electronic trading platform. Some futures contracts are available for trading on Globex only during the U.S. evening hours, while others -- such as the very... read more |
| GML |
24 - 04 - 2020 The Gemfields Group (GML) (previously Palinghurst Group) is a mining group that has two major projects: (1) Kagem, the world's largest producer of emeralds (in Zambia) and... read more |
| GND |
30 - 06 - 2020 Grindrod (GND) is an international freight and financial services company which operates in 28 countries. In mid-June 2018, Grindrod unbundled and separately listed its loss-making... read more |
| GO LIFE INTERNATIONAL LTD |
19 - 03 - 2020 Go Life International (GLI) is a company listed in Mauritius with a secondary listing on the JSE's Alt-X market. Its focus is in "nutraceuticals" which are products associated... read more |
| GOING CONCERN |
A profitable business which is expected to be able to continue in business because it has sufficient cash-flow to meet its commitments. |
| GOING PUBLIC |
A term used to describe the sale of shares of a privately-held company to the public for the first time. |
| GOING SHORT |
Here you can see that since the collapse of the oil price in the second half of 2014, the Sasol share price has been moving sideways between a support line at around R360 per share and strong... read more |
| GOLD |
A precious metal that has been known and kept for thousands of years as a currency and a way to store value. In the past, South Africa has been the largest supplier of gold in the world. In 1970,... read more |
| GOLD 1000Z GC COMEX |
The Comex, which was previously the commodities exchange, is a division of the New York Mercantile Exchange (NYMEX). It trades futures and options in a variety of precious and base metals. This... read more |
| GOLD FIELDS LTD |
11 - 06 - 2020 Gold Fields (GFI) is a high-cost international gold mining house with a single mine in South Africa - South Deep. South Deep was bought by Gold Fields in 2006 and it has struggled... read more |
| GOLD SHARES |
South Africa has traditionally been a gold-producing country and gold shares used to make a large proportion of the JSE, but today, the gold industry has shrunk substantially and gold shares... read more |
| GOLDEN MEAN |
The ratio of any two consecutive numbers in the Fibonacci sequence, known as phi and equal to 0.618; a proportion that is an important phenomenon in music, art, architecture and biology. The... read more |
| GOLDEN RATIO |
The ratio of any two consecutive numbers in the Fibonacci sequence, known as phi and equal to 0.618; a proportion that is an important phenomenon in music, art, architecture and biology. The... read more |
| GOLDEN SECTION |
Any length divided so that the ratio of the smaller to the larger part is equivalent to the ratio between the larger part and the whole and is always 0.618. See also the Fibonacci Sequence. |
| GOOD THRU DATE |
Good Thru Date order. This order works until executed or cancelled, or until the end of the trading session on the date specified by the trader. |
| GOOD TILL CANCELLED |
Good Till Cancelled order. This order works until executed or cancelled, unlike a Day order, which, if not filled, expires automatically at the end of the trading session on the day it was entered.... read more |
| GOODWILL |
An intangible asset which arises when a holding company pays more for a subsidiary than its book value. Goodwill is also called a "premium arising on acquisition" and is normally written off... read more |
| GOVERNMENT EMPLOYEES PENSION FUND |
A pension fund for government employees, the GEPF is the single largest investor on the JSE owning about 12,5% of its market capitalisation and with about R1,8 trillion rand invested. The GEPF... read more |
| GOVERNMENT GUARANTEED DEBT |
The government is constantly trying to balance the books. This means that they are always looking for additional sources of money to accommodate competing needs. To do this they have a number... read more |
| GPA |
15 - 07 - 2019
On 10th April 2019, Arrowhead announced its intention to merge with Gemgrow. Arrowhead owns 53,3% of Gemgrow. The deal will be structured so that Gemgrow buys all of Arrowhead's... read more |
| GPI |
27 - 03 - 2020 Grand Parade Investments (GPL) is an investment holding company with interests in the gaming industry and the fast food industry. The company is a BEE company which was listed... read more |
| GRAND PARADE INVESTMENTS LTD |
27 - 03 - 2020 Grand Parade Investments (GPL) is an investment holding company with interests in the gaming industry and the fast food industry. The company is a BEE company which was listed... read more |
| GRAND SUPER CYCLE |
First proposed by Russian economist Nicolai Kondratiev in his 1926 book, a very long cycle of around 54 years in commodity prices was identified. This was subsequently re-iterated by R. N. Elliott... read more |
| GRANTOR |
A person who sells an option and assumes the obligation to sell (in the case of a call) or buy (in the case of a put) the underlying futures contract at the exercise price. Also referred to as... read more |
| GRAVESTONE DOJI |
A candlestick pattern with a long upper shadow and where the open and close for the day occur at the low for the day. This candlestick pattern signifies uncertainty in the market and can signify... read more |
| GREEN CHIP |
Environmentally friendly companies which are usually in the JSE's Socially Responsible Index. |
| GREEN ENGULFING PATTERN |
A bottom candlestick reversal signal, this is a two candlestick pattern consisting of a large green candle enveloping a preceding red candle. This pattern implies that the trend is likely to... read more |
| GREEN FIELDS OPERATIONS |
A business activity, usually in the mining industry, which is a completely new start-up. This is a high-risk, potentially high return undertaking compared to a "brownfields" operation where an... read more |
| GREENBAY PROPERTIES LTD |
Greenbay (GRP) is an Alt-X listed share which is one of the Resilient group of REITs (real estate investment trusts) along with Resilient itself, Rockcastle and Fortress. These companies were... read more |
| GRF |
10 - 06 - 2020 Group 5 (GRF) is one of South Africa's iconic construction and engineering groups which has taken enormous strain over the past 10 years because of the fall-off in government... read more |
| GRINDROD LTD |
30 - 06 - 2020 Grindrod (GND) is an international freight and financial services company which operates in 28 countries. In mid-June 2018, Grindrod unbundled and separately listed its loss-making... read more |
| GRINDROD SHIPPING HOLDINGS LIMITED |
09 - 09 - 2019 Grindrod Shipping (GSH) originated in South Africa as far back as 1910. The company is now based in Singapore with offices in Cape Town, Durban, London, Tokyo and Rotterdam.... read more |
| GRIT REAL ESTATE INC |
12 - 06 - 2020 Grit (GTR) is a “pan-African” real estate company - which means that it invests in property on the African continent, but not in South Africa. It has a focus on... read more |
| GROSS DOMESTIC PRODUCT |
The GDP of a country is defined as the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every... read more |
| GROSS LETTABLE AREA |
The area which a property company has available for rent. Real estate investment trusts (REIT) and property companies typically quote this statistic with the interim and final results. It shows... read more |
| GROSS PROFIT |
A company's profit after its direct or variable costs have been deducted. Typically, the gross profit is the final figure in the company's trading account which begins with sales and subtracts... read more |
| GROUP |
The holding company of a number of subsidiaries. Such companies produce group consolidated accounts once per annum, showing the consolidated position and performance of the holding company and... read more |
| GROUP FINANCIAL STATEMENTS |
In terms of section 30 of the Companies Act, a company is obliged to produce group consolidated financial statements in such a way that inter-company loans are eliminated, the minority or outsider... read more |
| GROUP FIVE LTD |
10 - 06 - 2020 Group 5 (GRF) is one of South Africa's iconic construction and engineering groups which has taken enormous strain over the past 10 years because of the fall-off in government... read more |
| GROWTH FUND |
A more speculative mutual fund made up primarily of the growth or performance stocks that are expected to appreciate in price more than the broad market over an extended time period. |
| GROWTH SHARES |
A growth share is a share in a listed company which is expected to grow rapidly. This term is normally applied to companies which have recently listed on the JSE, have raised capital and intend... read more |
| GROWTHPOINT PROPERTY LTD |
23 - 06 - 2020 Growthpoint (GRT) is South Africa's largest real estate investment trust (REIT) with a primary listing on the JSE. It has consistently grown its dividends 3% above the inflation... read more |
| GRP |
Greenbay (GRP) is an Alt-X listed share which is one of the Resilient group of REITs (real estate investment trusts) along with Resilient itself, Rockcastle and Fortress. These companies were... read more |
| GRT |
23 - 06 - 2020 Growthpoint (GRT) is South Africa's largest real estate investment trust (REIT) with a primary listing on the JSE. It has consistently grown its dividends 3% above the inflation... read more |
| GSH |
09 - 09 - 2019 Grindrod Shipping (GSH) originated in South Africa as far back as 1910. The company is now based in Singapore with offices in Cape Town, Durban, London, Tokyo and Rotterdam.... read more |
| GTC |
Good Till Cancelled order. This order works until executed or cancelled, unlike a Day order, which, if not filled, expires automatically at the end of the trading session on the day it was entered.... read more |
| GTD |
Good Thru Date order. This order works until executed or cancelled, or until the end of the trading session on the date specified by the trader. |
| GTR |
12 - 06 - 2020 Grit (GTR) is a “pan-African” real estate company - which means that it invests in property on the African continent, but not in South Africa. It has a focus on... read more |
| GUARANTEE FUND |
A fund which is built and sustained by the stock exchange to cover any counter party risks which may exist in securities trading. For example, the risk that a stockbroking firm might go into... read more |
| GUARANTEED INVESTMENT CONTRACTS |
A single lump-sum deposit that earns a guaranteed interest until a known maturity date. GICs are issued by insurance companies. |