Our cost structure

All our clients start with our basic package (SS BASIC) which includes 50 live price look-ups per month and market depth on the order entry page only and unlimited use of our 15-minute delayed data when viewing your portfolio or other pages. You then have the option of adding any of the following items at an additional cost per month. Please note that Sharenet Securities requires a minimum deposit of R100,000.00 when opening an account. Here are the extras you can include in your monthly package. Note all prices in this table are inclusive of VAT.

Service description

Non-professional fee

Professional fee

Extra Live Snapshot Look-ups 20c per lookup 30c per lookup
Live Price Streaming (Free for Sharenet Premium and QuickStream subscribers) R159 per month R499 per month
Live Market Depth – 5 deep (Free for Sharenet Premium and QuickStream subscribers. Must also subscribe to Live Price Streaming) R59 per month included
PACKAGE: 75 SMS and email alerts on price action and/or SENS releases R49 per month 100 alerts included
Pay per sms/email alert  on price action and/or SENS releases (Free for Sharenet Premium subscribers) Email only: 50c per alert SMS and email: R1.50 per alert Email only: 50c per alert SMS and email: R1.50 per alert
Research which includes Broker Consensus Recommendations and Forecasts of EPS, DPS, DY%, EY% and PE. Also Results and Results Due. (Free for Sharenet Premium subscribers) R299 per month R699 per month
Notifications on trades executed Free Free

Standard fees (excl VAT):

30 basis points (0.3%) or R100 minimum; whichever is larger. A quarterly administration fee of R200 applies to all accounts. This amount is rebated in full if you have traded at least three (3) times in the given quarter. The commission is calculated per share traded per day. If more than one order to buy the same share is executed on the same day, the commission will be calculated on the total value for the day as one trade only and adjusted overnight.  If one order to buy or sell shares is executed over two days you will be charged a commission for the value traded on each day as two separate trades. One order to buy a share and one order to sell a share on the same day will constitute two trades and will attract two separate commissions.

Other costs:

  • Purchases: STT (Securities Transfer Tax) is charged at 0.25%, investor protection levy ( at 0.0002% per trade), STRATE fee (ranges between R10.92 and R62.23 excl VAT per contract note) and VAT.
  • Sales:  Investor protection levy, STRATE and VAT only
  • R13.16 (excl VAT) / R15 (incl VAT) for each electronic transfer paid to the client.
  • Registration and dematerialization fees charged by our outsourcers, CSDP and company registrars will be debited to the client’s account.
  • Account/Portfolio migration fee – We do not charge on incoming accounts, only outgoing migration, due to administrative costs and only on open positions at R120.00 (incl. VAT) per counter

We do not accept cash deposits or cheques. Please arrange for payment to be made via EFT. Clients who do transfer cash amounts into our bank account will be debited with the cash deposit fee levied by the bank.

Please note that cash balances of R12,500 or more will earn the rate determined by the JSE Trustees less 100 basis points excluding tax. Cash balances below this threshold will not accrue interest nor will interest earned that is less than R50 be paid. This rate can fluctuate. If the account is overdrawn, a charge of 500 basis points on top of the JSE trustees’ amount will be levied.

JSE Trustees rate history:

Net Gross
May 2013 3.8000% 4.8000%
June 2013 3.7900% 4.7900%
July 2013 3.8200% 4.8200%
August 2013 3.8300% 4.8300%
September 2013 3.8300% 4.8300%
October 2013 3.7800% 4.7800%
November 2013 3.8200% 4.8200%
December 2013 3.8200% 4.8200%
January 2014 3.9000% 4.9000%
February 2014 4.1600% 5.1600%
March 2014 4.3100% 5.3100%
April 2014 4.3900% 5.3900%
May 2014 4.4200% 5.4200%
June 2014 4.4900% 5.4900%
July 2014 4.5400% 5.5400%
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