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Research disclaimer

  1. "Unum" means the Unum Capital Group of companies including Unum Capital (Pty) Ltd, a company with registration number 1999/008361/07, FSP No. 564 incorporated in accordance with the company laws of South Africa, and any of its authorised juristic representative, subsidiary, and sub-subsidiaries.

  2. "Research" means any material produced by Unum that explicitly or implicitly recommends or suggests an investment / trading strategy in relation to one or more financial instruments, including any opinion as to the present or future value or price of such instruments, is intended for specific distribution channels or for the general public.

  3. This Research is the intellectual property of the Unum and includes any and all intellectual property emanating from the content published in this Research as well as any amendments, deletions, improvements and/or variations thereto.

  4. The content published in this Research represents original ideas formulated by and belonging to Unum and is subject to copyright protection. This Research remains the intellectual property of Unum and all intellectual property rights, titles and interests vest with Unum. Unum owns the exclusive rights to distribute this Research in terms of the Copyright Act 98 of 1978.

  5. Dissemination of the contents of this Research in any form, including showing or distributing the content or any parts thereof, whether by physical or electronic transmission, publishing, displaying or distributing the content to third parties or storing, modifying, copying, photocopying or otherwise using the Research, without the express written consent of Unum is expressly prohibited. Failure to adhere to these prohibitions constitutes a criminal offence and may lead to prosecution in terms of the laws of the Republic of South Africa.

  6. The content contained herein shall not be quoted nor referred to, nor used for any other purpose., nor should another party be entitled to rely on this Research for any purpose whatsoever without the express written permission of Unum.

  7. This Research does not constitute advice of any nature whatsoever, whether it be legal, financial, investment, tax, accounting and/ or trading advice and should not be relied upon in any way, including making any decisions.

  8. Past performance is no guarantee of future returns. No representation is made that it is accurate or complete or that any returns indicated will be achieved. Prices and availability are indicative only and are subject to change without notice. Changes to assumptions may have a material impact on any returns detailed.

  9. Execution of trades based on this Research is at the client's own risk.

  10. Trading and/or in leveraged products, alternatives investments or private equity may involve a significant level of risk and is not suitable for all investors. Before undertaking any such investments, you should ensure that you fully understand the risks involved and seek independent advice if necessary.

  11. Unum will not be held liable for damages of any nature, arising out of or in connection with the use of or reliance upon this Research. Unum accepts no responsibility for any reliance that may be placed on this Research should it be used by any party other than the addressee or for any purpose that has not been expressly agreed by Unum.

  12. Unum does not warrant any results from the use of this Research and use of the content is done completely at the risk of the reader / user. Unum assumes no responsibility whatsoever, should losses be suffered by any person, in reliance on the contents of this Research.

  13. Accurate, complete, up-to-date and current resources are utilised, however, Unum cannot guarantee the completeness, suitability, accuracy or reliability of the content contained in this Research. This Research must be construed, read, interpreted, analysed and used on an "as is" basis and it is the responsibility of the addressee to independently and cautiously assess the Research, as well as to evaluate the accuracy, completeness and usefulness of this Research and make its own independent decisions.

  14. This research represents the views or opinions of the author at the time of publishing and are subject to change without notice.

  15. The research was created using proprietary strategies based on parameters such as Price, Time and Technical Analysis triggers. All research is generated by Unum personnel and may vetted by Unum according to additional parameters which may include liquidity, risk, macro and cyclical analysis.

  16. These views and opinions may differ from opinions/recommendations in the same instrument or market segment generated by Unum.

  17. Time zone is SA where applicable.

  18. This research is not available to investors who are US persons, as defined per US tax legislation.

  19. Unum and/or its employees may hold a position or positions in any of the securities or financial instruments mentioned herein.

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