Recent posts
Shopaholics
42 Black Friday Software Deals 2024
10 November 2024
Athletes
How SA Football Coaches Are Transforming Communities
06 November 2024
Money Talks
Is Blockchain The Future Of Finance?
05 November 2024
Industry Experts
How to Use Videos to Accelerate Your Sales Pipeline
28 October 2024
Popular posts
Extravaganza
Trending Music Hashtags To Get Your Posts Noticed
24 August 2018
Geek Chic
How To Fix iPhone/iPad Only Charging In Certain Positions
05 July 2020
Extravaganza
Trending Wedding Hashtags To Get Your Posts Noticed
18 September 2018
Money Talks
How To Find Coupons & Vouchers Online In South Africa
28 March 2019
How To Buy Shares In South Africa
20 August 2021 | 0 comments | Posted by Louis Schoeman in Money Talks
Saving in South Africa has become tougher; long gone are the days where you could hold your money in Rands and collect an interest rate from the bank and be sure that the money you get will be worth something more in the future. Inflation and currency debasement continues to squeeze local savers, and looking into alternative asset classes is one way of finding ways to store your money in vehicles that can outpace inflation.
One of those asset classes is, of course, shares/stocks; these are fragmented ownership of local or international companies, which you can purchase a stake in as their ownership is tradeable on public markets
Why investing in shares is a wise choice.
Saving is an essential aspect of sound financial management, but it is also helpful to find effective strategies to use your savings to grow your wealth. Investing is a worthwhile strategy that involves buying financial assets, such as shares to grow your wealth alongside the increasing value of that asset.
Purchasing company shares allows your investment to grow over time as the company’s share value increases and can be an excellent way for South Africans to make substantial returns through capital gains.
Not only can you earn a profit by selling your shares at a better market value down the line, but many companies also reward their investors with dividends, which constitute a share of that company’s overall profits.
In this article, we will outline how South African investors can buy shares online from a stock exchange like the JSE so that new investors can begin their journey towards a flourishing financial future.
How to buy shares in South Africa: a step-by-step guide
Buying shares online in South Africa is a fast and streamlined process that can have you invested in the company of your choice in minutes. Read on to find out how this process can be completed in four easy steps.
1. Open an account with a share dealing site
To buy shares from a stock exchange like the JSE, you will first need to open an account with a reputable share dealing site like SAShares.co.za.
- On the landing page, you will find the option to open an account. On the SAShares website, click on the ‘Register Now’ button to open an obligation free account
- You will be prompted to provide some personal details to create your account. This should include your name, residential address, and date of birth
- Create a username for your account and a strong password
- Submit your registration to create your account
2. Upload the required documentation
Once your registration has been confirmed (often with a pin sent by the broker to your provided number or email address), you will then be required to upload some basic documentation to confirm your identity.
This will consist of the following:
- ID or Passport
- Proof of Address
- Individual Q&A Test
- IB Application
3. Deposit funds into your account
Once the above documents have been uploaded and approved, you will be prompted to deposit them into your new trading account. Your selected share trading site will provide you with a list of available deposit methods, which can include but are not limited to the following:
- South African bank transfers
- Debit or credit cards
- E-payment methods
4. Make your first share purchase
Once your deposit has been processed and reflects in your trading account, you can start the exciting business of share trading. You can browse the available markets, stock exchanges and companies on your share trading site and select the shares that best suit your investment strategy.
Invest at your own time, risk and level.
If you have the time and some spare cash to sit and follow markets, then buying shares can be a great way to invest some spare income. Be it to trade as prices change or to sit on the longer term and collect dividends.
Tell us your story
Would you like to write for nichemarket just like Louis has? Find out how to submit a guest post, and when you're ready, you can contact us.
Tell us your trading story
Have you started to try and improve your savings by trading in the options market? How is it going? Do you have any tips you feel should be added to the list? Share it with us in the comments and let's help South Africans save even more.
Do you seek financial help?
Find a financial advisor or financial consultant in your area
Get started with nichemarket
If you are a financial adviser and would like more leads then why not list your business with nichemarket. Registering with nichemarket is easy; all you will need to do is head over to our sign up form and follow the instructions. If you require a more detailed guide on how to create your profile or your listing, then we highly recommend you check out the following articles.
Recommended reading
If you enjoyed this post and have the time to spend diving deeper down the rabbit hole, then we suggest you check out the following posts about improving your finances in South Africa.
- How South Africans Can Save Money Each Month
- The Pros and Cons Of Tap and Go Cards
- What Is A Money Market Account?
- Ways To Earn Cryptocurrency
- How To Passively Earn Cryptocurrency
- Types Of Cryptocurrency Exchanges
- How South Africans Can Buy Bitcoin
- How To Use Options To Profit From Black Swan Events
Disclaimer: This is not investment advice and is for informational purposes only. nichemarket cannot be held liable for any investment decisions made based on the information given by independent financial service providers. Under the ECT Act and to the fullest extent possible under the applicable law, nichemarket disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.
Tags: Shares, Stocks, Guest Post
You might also like
Outdoor Renovation Ideas to Boost Property Value
23 October 2024
Posted by Mark Bingham in Constructive Criticism
Discover expert tips on maximizing your home's appeal and increasing its value, including going solar, improving your landscaping and deck design, an...
Read more42 Black Friday Software Deals 2024
10 November 2024
Posted by Che Kohler in Shopaholics
We put together a comprehensive list of software and digital business offering Black Friday discounts on their subscriptions or digital products this...
Read more{{comment.sUserName}}
{{comment.iDayLastEdit}} day ago
{{comment.iDayLastEdit}} days ago