Individuals can purchase shares in South African companies through a stockbroker. Stockbrokers are typically independent, private companies that handle the trade of stocks. These brokers are regulated by the Financial Services Board, which is a government regulatory body.
In order to buy shares in South Africa, an individual must have a bank account and be at least 18 years old. The individual will also need to have enough money to cover the cost of purchasing the shares and any fees associated with the transaction. The process for buying shares in South Africa is fairly straightforward:
The individual would open a brokerage account with an online broker and set up a transfer of funds to the account. The individual would purchase shares in the South African stock market. The individual would transfer their shares to their brokerage account (this could be done either through direct deposit or through an intermediary). The individual’s broker should then help them sell their shares for local currency.
The Johannesburg Stock Exchange (JSE) is the largest stock exchange in Africa and one of the top-ten largest in the world by market capitalization. This is where you can buy shares in South Africa.
