Page 5 - Uhuru Tribe eNewletter: Edition 8 - 3rd June 2019

Normally brokers don’t take accounts for less than ZAR 10,000 in South Africa due to the Risk derived from Deriva?ves and Smart Contracts. Although the Deriva?ves give them the benefit of leveraging and thus bigger profits, the same applies for losses and therefore the higher risk, which then requires more cash in the wallet in order to make profitable trading worthwhile. We thought that we could help, as our funds are all in one pool with every broker, we make use of. However, we never realised that many of the INVESTORS are not inves?ng but rather make use of our Trading facili?es as weekly “savings accounts”. Which not only demand bigger administra?on but also the availability of cash, on short term no?ces in order to honour the weekly withdrawals we receive. In order to keep this facility profitable for the inten?on it was created, we are now forced to implement the following rules:
1. All new investments must be bigger than UHC 250
2. Once funds are withdrawn from a current account, re-investments must be bigger than UHC 250
3. Withdrawals bigger than UHC 10,000 will require a no?ce period of maximum 10 business days
4. Non-Members pay an Admin fee of 1% on every investment. This means, the moment your investment is bigger than UHC 2500 (about R37,500) it is cheaper for you to become a member and pay your monthly membership, which also gives you many other benefits.
5. Withdrawals are only made to your UHC Wallet and from there you can make any withdrawals and payments. This means your TRADE withdrawals are limited to one withdrawal per week.
6. Trade withdrawals are only paid out on Mondays aner all reconcilia?ons are done for the Sunday investments. This should be before 10h00
The ques?on so many ask: WHAT if my current investment is less than UHC 250? The answer is, “Make sure your Re-INVEST bupon is on un?l you have reached the required UHC 250 before you start making withdrawals.”
ONE of the very nice things of all the changes that are taking place in Uhuru to only ONE coin, is that transfer of funds between the various investment pla]orms is ABSOLUTELY FREE to ALL. Only withdrawal fees from your wallet to your bank is s?ll payable and we have not made any changes to these!
“Some people dream of success, while other people get up every morning and make it happen.”
— Wayne Huizenga
“Your most unhappy customers are your greatest source of learning.”
— Bill Gates