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Does it cost

me to trade

my

shares?

Once your offer has been matched with a buyer you

will receive

R2500 - R115 plus 14% VAT = R2368.90

This money will be deposited into your trading

account and on your instruction

• You can transfer some of it to your personal bank

account and keep some in your trading account

• Or you can transfer the full amount to your

personal bank account

HOW LONG BEFORE I RECEIVE PAYMENT

Trading day plus 3 working days

If your trade is matched on Thursday

you will receive payment in your bank

by the following Tuesday

SO YOU HAVE PLACED A SELL OFFER OF

50 shares x R50 a share = R2500

Plus R115 plus 14% VAT(R16.10) = R2631.10

If you use the preferred stockbroker

there is a fee of R115 plus VAT up to

R40 000 of shares and on the value

above R40 000 there is a fee of

0.35% plus VAT.

If you use your own stockbroker

these costs may be different.

YES

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