Locate a stockbroker and open a share trading account.
Click here or contact 021 883 2250.
Complete the necessary documents as received from your stockbroker and return them with the necessary supporting documents, which will include:
You will receive an email from your broker informing you that your trading account has been opened, and the broker's banking details.
Deposit the funds with which you want to buy shares into the bank account.
Use your share trading account number (BDA number) as reference for your deposit.
Instruct your broker to buy or sell shares. This can be done telephonically, via email or online.
Specify the company, the total number of shares and cost per share or the total value of shares that you want to buy or sell.
You will receive a statement via email or mail the following day once the instruction has been executed.
You will also receive monthly statements with details of your investment.
Administration costs are R40 per month.
Broker fees are calculated as follows:
|VALUE OF SHARES TRADED PER TRANSACTION||ADVISORY SCALE|
|Below R25 000||1,4%|
|R25 000 – R100 000||1%|
|R100 000 – R250 000||0,75%|
|R250 000 – R1 000 000||0,5%|
|R1 000 000||Negotiable|