Equities |
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Platform fee (Credo Global Custody Fee) |
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If using the Nedgroup Private Wealth Stockbrokers (Pty) Ltd asset swap capacity, an asset swap fee applies |
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Foreign exchange charge |
0.5% excluding VAT per transaction, with no minimum charge |
Nominal value | Brokerage rate |
Up to R100 000 |
0.5% |
R100 001–R500 000 |
0.35% |
R500 001–to R1 million |
0.20% |
Above R1 million |
0.15% |
Minimum charge per deal |
R 500 |
Please note that you must deliver coins to/collect coins from our offices in Sandown on settlement. | |
Deal consideration | Brokerage rate |
Up to R20 000 |
3.0% |
Above R20 000 |
2.0% |
Minimum charge per deal |
R1 000 |
Handling fee per coin |
R50 |
Scrip borrowing for short sales | ||
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Equity borrowings |
1% per year (minimum charge of R150 per deal) |
Bond borrowings |
1% per year (minimum charge of R150 per deal) |
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Collateral requirements |
110% cash |
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Online access | ||
If one or more trades are executed on the account during the month, no fee is payable. |
Live prices – full access |
R70 per month |
Interest | ||
Credit interest on surplus funds |
Discretionary and pro-actively advised |
Rate receivable from JSE Trustees |
Online trading |
JSE Trustees rate less 1% |
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Debit interest |
Debit interest on outstanding debit balances |
Prime bank rate + 3% |
Cash borrowings against collateral of share portfolio |
Competitive interest rates are charged at a variable rate linked to the prime bank rate |
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Other service charges | ||
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Account queries dating back to a period of more than 3 months |
R5 per page |
Share valuations for estate duty purposes |
R250 per valuation |
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Comprehensive capital gains tax statement |
R150 per account |
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Comprehensive capital gains tax statement for estate duty purposes |
R250 per account |
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Lost scrip applications |
R500 (excluding insurances) |
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Dematerialisation | R500 |
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Urgent dematerialisation | R1 000 |
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Rematerilisation |
R750 per certificate |
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Exchanges |
R100 |
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Third party payments |
R50 |
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Portfolio transfer to external parties |
R90 per share |
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Tax clearance certificate |
R500 |
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Statutory charges and taxes | ||
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Securities trading tax |
0.25% of consideration on equity purchases |
Levy investor protection |
0.0002% of consideration |
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Ad valorem strate fee |
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Value added tax (VAT) |
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Third party charges | ||
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