Frequently asked questions

If you are unable to find an answer to your question, please contact us

Absa Stockbrokers and Portfolio Management offers clients various products, from investing locally and offshore. Our Smart Account allows you to invest in all local JSE™-listed equities (shares), warrants, share instalments and all Exchange Traded Funds (ETFs) and over 25 offshore exchanges. The product range expands to the Tax-Free Savings account and ETF Only. Click on our Products Tab to find out more.

Clients should use their BDA account number as a reference for correct and timeous allocation to their trading account.

In accordance with JSE™ rules, Absa Stockbrokers and Portfolio Management cannot accept ‘physical’ cash deposits directly into this bank account.

South African residents and non-residents  please contact us for account details.

Please note that funds transferred during business hours from an Absa Bank account will normally reflect on the trading account within 2 hours. Transfer received after 16:00 will only reflect on the following day. Funds transferred from other South African banks can take up to 3 business days to clear.

Please click here and complete the form. Send a copy to your stockbroker and a copy to  equities@absa.co.za. We will contact your existing stockbroker to arrange transfer. Please note that while Absa offers this service to you at no cost, your broker might charge you a fee. Please contact your broker to confirm all charges.

Getting started in the stock market can seem like a big step, so our simulated trading account gives you the chance to get a feel for it without risking your money. You have access to a 30-day free simulated trading Account with a simulated R100 000 to invest or trade with. When you're ready to invest your money simply convert online to a Real Account.

Start becoming a successful investor

Please click the button below for the online registration process to open a new or additional trading and investing account.

Yes you can. Please note that TFSA and World Trader accounts are available to Individuals only. Click the button below to begin the online registration process to open a trading and investing account.

With Absa Stockbrokers and Portfolio Management you can have as many accounts linked to a single username as you like. You can also transfer funds between these accounts as long as they are in the same name as we do not allow third-party payments.

Absa Stockbrokers and Portfolio Management is committed to making sure that your online experience is safe and secure. Absa Stockbrokers and Portfolio Management uses multiple levels of security and state of the art Internet technology, beginning with your browser and ending with our own security infrastructure to ensure that access to your accounts is private and secure. Further information can be found under: Security Centre on the main Absa website.

Please note that for your own safety, if you log in and don't use the service for 30 minutes, or 5 minutes on trading-related pages, you will be logged out. To access your accounts again, you will need to log in again.

All contract notes (broker notes) and monthly statements delivered via email are encrypted for your protection. To decrypt the secure emails, the nominated email recipient is required to register on the Absa Stockbrokers and Portfolio Management website.

Also, always be sure to keep your password safe and secure.

With Absa Stockbrokers and Portfolio Management you can go online or call us to place a trade or for any other queries at no additional cost.

Log in here or call us on 0860 05 04 03.

Overview

Dividends Tax (DT) became effective on 1 April 2012 and replaced Secondary Tax on Companies (STC). STC was a tax levied on the company declaring the dividend, while DT is a tax levied on the investor/beneficial owner of the dividends.

As a result of this change, the legal liability for tax on dividends will shift from the company paying the dividend to that of the investor. In terms of the DT requirements, a regulated intermediary needs to withhold the DT at a rate of 15%, if no exemption applies and pay same over to SARS.

Since 1 April 2012, we have been deducting the 15% DT to pay over to SARS, unless the client qualifies for an exemption and Absa Stockbrokers and Portfolio Management is in possession of their declaration.

What is DT?

DT is a tax on shareholders (beneficial owners of dividends) when they receive dividend distributions from companies.

What triggers DT?

Dividends Tax is triggered by the payment of dividends by any:

  • South African tax resident company; or
  • Foreign company in respect of shares listed on the JSE. The payment date is deemed to be the earlier of the actual payment date or the date the dividend "becomes payable". Where a dividend is declared payable to shareholders registered in the company's share register on a certain date (record date), it becomes payable on that date.

Exemptions

Not exempt: Taxable persons and entities :

  • Natural persons (individuals).
  • Foreign investors. Foreign investors will be subject to DT at a rate of 15% but may be eligible for a tax reduction in DT if you are a non-resident or if there is a double taxation agreement with your country of residence.

Exempt: The following investors qualify for exemption:

  • A SA resident company (including close corporations)
  • Public benefit organisations approved by the Commissioner
  • A trust contemplated in Section 37A of the Income Tax Act, i.e. a mining rehabilitation trust
  • A registered pension fund, pension preservation fund, provident preservation fund, retirement annuity fund and benefit fund
  • A person who is a non-resident in receipt of dividends paid by a non-resident company whose shares are listed on the JSE.

Forms

Beneficial owner declaration of status and written undertaking.

Do I have to complete a declaration and undertaking form for exemption for each dividend?/?share in my share portfolio?

You only need to declare your exempt status per the declaration and undertaking form once (per company?/?withholding agent) and it will remain valid until the circumstances of the beneficial owner affecting the exemption change. Therefore, if you hold more than one share via the same regulated intermediary (withholding agent) you only need to complete one form.
However, if you hold shares via more than one regulated intermediary you would have to complete the form for each regulated intermediary.

If you have forgotten your password you can reset it online by clicking here

If you have forgotten your username, click here to complete the form and we will email it to you

The following instruments are currently available to TFSA account holders for trading:

  • AMI Big50 ex-SA ETF
  • AMI RealEstate ex-SA ETF
  • Ashburton Gbl 1200Eq ETF
  • Ashburton Inflation ETF
  • Ashburton Mid Cap ETF
  • Ashburton Top 40 ETF
  • Ashburton World GovB ETF
  • CoreShares EW TOP40
  • CoreShares S&P 500
  • CORESHARESTOP50
  • 2YR Dollar Custodial Cert
  • CoreShares DivTrax
  • STANLIB S&P500 ETF
  • STANLIB S&P500 IT ETF
  • STANLIB G7 GOVT BOND ETF
  • STANLIB GLOBAL REIT ETF
  • STANLIB MSCI WORLD ETF
  • NewFunds S&P GIVI SA Fin
  • NewFunds S&P GIVI SA Ind
  • NewFunds S&P GIVI SA T50
  • NewFunds S&P GIVI SA Res
  • CoreShares GlobalDivTrax
  • CoreShares Global Prop
  • Newfunds MAPPS Growth
  • Newfunds MAPPS Protect
  • NEWFUNDS NEWSA INDEX
  • NEWFUNDS EQUITY MOM ETF
  • NF Equity Value ETF
  • NF Low Volatility ETF
  • NEWFUNDS GOVI ETF
  • NEWFUNDS ILBI ETF
  • NEWFUNDS SHARIA TOP40
  • NEWFUNDS SWIX 40 ETF
  • NEWFUNDS TRACI 3-M ETF
  • NewGold Palladium ETF
  • CoreShares PrefTrax
  • CoreShares PropTrax SAPY
  • CoreShares PropTrax Ten
  • STANLIB Top 40 Fund
  • STANLIB SWIX 40 Fund
  • STANLIB SA Property ETF
  • Satrix 40 Portfolio
  • Satrix S&P 500 Feeder
  • Satrix DIVI Plus Portfolio
  • Satrix MSCI EMG Markets
  • Satrix FINI Portfolio
  • Satrix ILBI Portfolio
  • Satrix INDI Portfolio
  • Satrix Nasdaq 100 Prtf
  • Satrix Property Portfolio
  • Satrix Quality SA Port
  • Satrix RAFI 40 Portfolio
  • Satrix RESI Portfolio
  • Satrix SWIX Top 40 Portfolio
  • Satrix MSCI World Feeder
  • Sygnia Itrix 4Ind Rev Gb
  • Sygnia Itrix S&P 500 ETF
  • SYGNIA ITRIX EUROSTOXX50
  • SYGNIA ITRIX MSCI JAPAN
  • Sygnia Itrix Gbl Pro ETF
  • Sygnia Itrix SWIX40 ETF
  • Sygnia Itrix Top 40 ETF
  • SYGNIA ITRIX FTSE100
  • SYGNIA ITRIX MSCI US
  • SYGNIA ITRIX MSCI WORLD

Absa Stockbrokers and Portfolio Management provides clients with both stop losses, SMS and/or email alerts to help manage both losses and gains. Your stop loss can be set up to be valid for 90 days while your SMS and email alerts never expire until they are triggered.

  • Certified copy of proof of residential address

    A municipality bill not older than three (3) months, statement from your medical aid, SARS notification for current tax period, current lease agreement (all pages), cellular provider statements not older than three (3) months. These documents need to be in the name of the account applicant.
    In the event that the account applicant does not have a proof of address in his/her name, this Declaration needs to be completed in full by the property owner with a certified copy of the proof of address, as per the requirements above, attached to the declaration.

  • Certified copy of your ID document

    A certified copy of your valid green bar-coded South African ID. If you have a Smart ID card, please ensure you send a copy of both sides of the Smart ID card. For non-residential accounts we will require an original certified copy of your passport.

  • Proof of banking details

    A statement from your bank showing that you are the holder of the account provided. We do not accept unedited emails from your bank with attached electronic statements.

  • Proof of SARS (Tax) number

    Any communication from SARS which indicates your tax number. Please note that an IRP5 will not be accepted.

  • CM1/CM22 or CIPRO document (certified)

    Certified copy of the most recent version of the Certificate of Incorporation (form CM1) and Notice of Registered Office and Postal Address (CM22) bearing the stamp of the Registrar of Companies and signed by the company secretary OR Current CIPC certificate printout

  • Certified copy of proof of address from which the business operates

    Proof of address from which company operates – physical address not postal or registered address (the proof must be in company’s name – not older than 3 months old)

  • Business banking details

    Statement from the bank indicating the nominated bank account in the name of the entitiy

  • Certified copy of a signed Resolution

    Resolution signed by all the members – stating who is going to operate the share account (the resolution must mention that you want to open a trading/share account with ABSA Stockbrokers and not only with Absa Bank)

  • Certified copies of ID's of all members

    Certified Copies of ID’s of all the members/mandated officials of the company

  • SARS Document

    Any communication from SARS which indicates the entities tax number

  • Completed Mandate

    Mandate completed and signed person who is going to operate the account

  • Tax Self-certification and Declaration Form

  • Certified copies of proof of address of all members

    Certified copies of proof of residential addresses of all the members/mandated officials of the company (the proof must be in their names and not older than 3 months old

  • Account Activity

    Notification of what the expected activity on the trading account will be i.e. long term investment, short term trading etc

  • Group Organisational Structure

    Organogram/ or simple ownership/ control structures / any document that creates an understanding of the control and ownership of the entity

  • Immediate Shareholders FICA requirements

  • Nature of Business

    A description of the industry within which the company operates and the type of activties the business conducts

All documents must be certified

 Post

PO Box 61320 Marshalltown
2107

 Hand delivery

Barclays Sandton
15 Alice Lane
2196
South building
2nd Floor

World Trader - frequently asked questions

If you are unable to find an answer to your question, please contact us

With Absa Stockbrokers and Portfolio Management you can choose to invest locally and / or offshore. When you open an account with us you can choose, all Online, to open a World Trader account at no additional charge*. All you need to do to start investing offshore once your account is opened and active is transfer the offshore base currency to our offshore bank account. This means you can now own shares in various companies listed on over 25 exchanges worldwide

Our offshore offering is designed to offer you offshore diversification with great value:

  • Secure and safe access to your account 24/7, 365 days a year
  • Access from a single point with a single user ID
  • Access via your laptop and mobile devices such as Smart phones and/or Tablets
  • A choice of three base currencies to choose from (USD, EUR, and GBP)
  • Stop/Loss orders – helping you to manage your investments
  • Stop profits
  • Technical analysis
  • Fundamental analysis
  • In depth research reports
  • Telephonic support from highly qualified staff
  • Delayed or live prices**
  • Share Filter
  • Ability to trade in over 25 different exchanges around the world
  • There is no additional monthly fee for this account
  • Ability to have multiple World Trader accounts in different base currencies linked to a single user name

The process to getting started to investing offshore is very easy with Absa Stockbrokers and Portfolio Management. Once you have opened your World Trader Account and it is activated you can transfer funds in your choice of the base currency you selected electronically.

Please visit the FAQ’s section for more details on how to transfer funds offshore or for any further help.

*Please view Our pricing page for a detailed breakdown of both local and offshore fees.

**Live prices are subject to fees charged by the various exchanges.

When opening a World Trader account you will need to select a base currency. You have the choice of Euro (EUR), US Dollar (USD), or British Pound (GBP). The base currency is the currency used to settle your trades in and also the currency you need to transfer offshore to Absa Stockbrokers and Portfolio Management to commence trading. Always ensure you choose the right currency for the market you will be trading in to avoid excessive currency conversion fees.

When you apply for a Real Account we will need to know what Base currency you want to use. Before choosing your base currency think carefully which market you will be trading in the most. You have the choice of Euro (EUR), US Dollar (USD), or British Pound (GBP). The base currency is the currency used to settle your trades in and also the currency you need to transfer offshore to Absa Stockbrokers and Portfolio Management to commence trading. Always ensure you choose the right currency for the market you will be trading in to avoid excessive currency conversion fees.

For Example:

Your base currency is USD and you purchase Nestle shares on the Frankfurt exchange in EURO’s. We will convert the purchase amount from Euro’s to US dollars and charge a conversion fee. If you trading in EURO’s predominantly then rather choose EUR as you base currency.

Once you have decided this you can then can invest by moving your money either overseas and converting it to the foreign base currency, or by converting you rands with your local bank to the base currency and then transferring this electronically to the relevant offshore bank account of Absa Stockbrokers and Portfolio Management.

Option 1:

You want to invest up to a maximum of R1 million in offshore shares and do not want to repatriate your funds to South Africa

You can use a single discretionary offshore allowance of R1 million, which does not require South African Reserve Bank tax clearance.

With this option you can open an account online and once your account is activated you will be provided with the banking details and base currency you selected. You can then convert your rands with your bank to the base currency and electronically transfer the funds to our relevant offshore bank account.

Option 2:

You want to invest more than R1 million, up to R10 million in offshore shares and do not want to repatriate your funds to South Africa

You can use an offshore allowance of R10 million, for which you will need to get a tax clearance certificate (in respect of foreign investments) from SARS. This certificate must include the SARS logo and specified watermark, and is only valid for a period of 12 months from the date indicated on the certificate. Once you have this you can then convert your rands with your bank or to the base currency and electronically transfer the funds to our relevant offshore bank account.

Option 3:

If you are not comfortable with making these investment decisions on your own, you can also ask for the assistance of a Portfolio Manager, who can manage your portfolio on your behalf. We require a minimum initial investment of R1,000,000.00 for this Option.

Choose the correct option that applies to you to follow below:

Already have funds offshore in an offshore bank account

Need to transfer funds from local bank account Offshore

Step 1
Currency is NOT the same as base currency then instruct your bank to convert it to the right base currency

Use Absa Online for a convenient and quick international transfer. During market-opening hours logon to internet banking, navigate to Payments then International Funds Transfer  to make the payment in currency. For more information or help please call 0860 151 151

If you do not have online banking please contact your nearest FX branch.

Step 2
(currency is the same as base currency)

You will receive an email with our banking details related to the relevant base currency.

Transfer the required amount electronically using the details provided to you via email.

Ensure all fields are completed especially the reference field

Step 3
For swift allocation log in to www.absastockbrokers.co.za and complete the Notice of Deposit form found under the World Trader Account information tab
Step 4
A confirmation email will be sent once funds are allocated to your World Trader account and you can log in and start trading/investing

Login in to www.absastockbrokers.co.za and under the World Trader Account information tab select “transfer funds”. You will notice your bank account details are pre-loaded. Complete the required fields and the amount will be paid in the base currency to your World Trader linked bank account.

For those who have used their local bank accounts please ensure you notify your bank you will be receiving the payment.

*Please note that Absa Stockbrokers and Portfolio Management do not convert the base currency to any other currency when withdrawing funds and cannot be held liable for any costs or exchange rate risks that may occur.

Please click here to watch a video showing you how the charting tool works for World Trader.

It is easy. Please click here to watch a video video explaining how to do this.

The dividend withholding tax rate levied on dividends paid in other jurisdictions may vary and Absa Stockbrokers and Portfolio Management is required by law to withhold tax from the client’s dividends or interest returns and pay it over to the relevant tax regulatory authority.

Absa Stockbrokers and Portfolio Management will withhold dividend tax at a flat rate of 30% and this will be paid over to the authority as and when required.

It will be the client’s responsibility to make a claim to the authority, where applicable, when a refund is due to the client, and Absa Stockbrokers and Portfolio Management assumes no responsibility in this regard.

Absa Stockbrokers and Portfolio Management does not provide any advice to the client, including any tax advice related to any Trade.

The client is advised to obtain individual independent tax advice with respect to the tax implications of the any Trade.

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Copyright 2018 Absa Stockbrokers and Portfolio Management. All rights reserved. Absa Stockbrokers and Portfolio Management (Pty) Limited, Registration Number 1973/010798/07.

Member of the JSE™ Equity Market. Authorized Financial Services Provider FSP No. 45849. Registered Credit Provider Reg No NCRCP68.


Any information, illustrative prices, disclosure materials or analyses provided to you have been prepared on assumptions and parameters that reflect good faith determinations by Absa Stockbrokers and Portfolio Management and do not constitute advice by Absa Stockbrokers and it should not be relied upon as such. The past performance of any securities or other products is not an indication of future performance. No representation or warranty is made that any indicative performance or return indicated will be achieved in the future.