List of Glossary Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Numeric


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.