General Trading InformationIf I want to donate/transfer my shares to my dependants, relatives and family how do I do that?
Call the Phuthuma Nathi contact centre on 0860 116 226. These requests are handled by the transfer secretaries.
General Trading InformationMy relative has died and has a Phuthuma Nathi share certificate. What must I do?
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 InformationHow 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 seller’s order will be matched or successfully processed if:
General Trading InformationCan you sell shares on behalf of other people?
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.
General Trading InformationHow much tax will I pay if I sell shares?
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.
General Trading InformationI sold my Phuthuma Nathi shares. When will I get my money?
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.
General Trading InformationCan I keep the money from my share sale proceeds with Phuthuma Nathi?
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.
General Trading InformationHow long does it take to pay the money once the selling process is completed?
You can select the following payment options once the selling process is completed:
General Trading InformationWhat do I do if I want to withdraw from my trading account?
You can request a withdrawal at any time via the online trading platform or the contact centre on 0860 116 226.
General Trading InformationWhen will my withdrawal reflect on my bank account?
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.
General Trading InformationI need to sell my Phuthuma Nathi shares because I’ve become insolvent and my estate is being sequestrated. How do I do this?
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.