FAQ
If you have a question on how Phuthuma Nathi shares work, this is the place to get all the answers.

Selling Shares

Call the Phuthuma Nathi contact centre on 0860 116 226. These requests are handled by the transfer secretaries.

Call the contact centre on 0860 116 226. Your relative's estate will be permitted to sell/transfer the shares to an eligible black person having at least a similar or higher BEE status/rating than your relative in terms of the Memorandum of Incorporation.

General Trading Information

How do people sell shares?

You can sell shares directly through the online trading platform or the contact centre where the consultant will take you through a step-by-step process. These are the key steps you will follow when you sell through the internet or the call centre.

Please ensure your profile is up to date and FICA-verified.

You need to provide the following information to sell your shares:

  • The number of shares you want to sell. 
  • The price per share you are willing to sell the shares for.
  • How long you want your order to last (expiry date). 
  • Confirm and accept the likely value of your transaction, less taxes and administration fees. 
  • Your order will be entered into the market for potential buyers and sellers to view. 

The seller’s order will be matched or successfully processed if:

  • The price of the seller is the same as that of the buyer. The price of the seller is lower than or equal to the highest price of the buyers.

You can only sell on behalf of a black South African individual or group under certain circumstances for example, if you are a guardian of a minor or representative of a group or company. You have to first register or verify your status as an authorised person.

Sellers are liable to pay tax on the gain they make which is subject to capital gains tax or income tax depending on the seller's tax position. Phuthuma Nathi is not a tax adviser so you should seek tax advice in your personal capacity. Tax will not be deducted automatically as part of the selling process.

You can expect to receive the money in your bank account three to five working days after your sell order has been matched and you have received an SMS or email notifying you of this.

Yes, the seller can choose to keep the proceeds in his trading account for future use. You can request a withdrawal at any time via the online trading platform or the contact centre on 0860 116 226.

You can select the following payment options once the selling process is completed:

  • The money will be transferred to your banking account; or 
  • The money will be kept in your trading account if you want buy more shares; or 
  • Part of your money will be transferred to your bank account and the balance will remain in your trading account. Your money will be automatically refunded to you if there is no activity on your EESE trading account after seven working days.
  • Investors may also withdraw their trade proceeds using the same-day payout option at an additional cost.

You can request a withdrawal at any time via the online trading platform or the contact centre on 0860 116 226.

You can expect to receive the money in your bank account three to five working days after your withdrawal request. Should you choose the same-day payout option, you will receive the cash on the same day of the request.

You should ask your liquidator to contact the call centre on 0860 116 226. Your estate will be permitted to transfer your shares to an eligible black person having at least a similar or higher BEE status/rating than yourself in terms of the Memorandum of Incorporation.

Take a closer look at our financial information.

Historical Financial Information