Broker and Satrix Investment Plan fees

If you invest in Satrix you will have two levels of costs,  the first being portfoio expenses and the second level being fees that you will incur depening on your preferred channel of investment which include broker fees, Satrix Investment Plan fees and Finacial Advisor fees (applicable if you have consulted a financial advisor regarding your Satrix investment).

The fees discussed below only relate to the fees that a stock broker or the Satrix investment plan will charge for administering your investment. The portfolio expenses are therefore not included in the fees discussed and set out below.

Stock Broker (member of the JSE)

On purchase:

• Normal brokerage charges (varies from broker to broker).
• STRATE and other trading levies

On sale:

• Brokerage charge.
• STRATE and trading levies.

Brokers have different pricing models so you will need to find out about the minimum fee and monthly fee.

Satrix Investment Plan

Purchase of Satrix Securities through the Satrix Investment Plan.

Sale of Satrix securities
Brokerage Charges: 0,10%

Please note that a nominal Investor Protection Levy and STRATE Settlement fee is charged on purchases and sales

All fees quoted are exclusive of VAT. VAT will be levied where applicable.

Investment Plan Administration Fees (for both lump sum and debit order investments)

Annual administration fee: (calculated daily and deducted quarterly)

Transaction Fees
Debit order fee: R3.50
Stock brokerage fees: 0.10% (buying and selling)
Nominal Strate and Investor Protection levies will also be charged.
Where a financial adviser is used, commissions will be charged (as scheduled in Section 8). All fees quoted are exclusive of VAT. VAT will be levied where applicable