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And to top it all of, Clown Mantashe blames the private sector for the recession because according to him government is doing great!

Hamster, I went through the hell that is ABSA Fica and now have this open, Going to transfer portfolio from EE to ABSA, will then wait till we able to transfer TFSA, any idea when that is?

If Treasury is to be believed, 1 March 2018. But I'll believe it when I see it.

And the Rand is strengthening. Recall coming soon?

ANC will be "discussing" it end of this month. Gordon somehow managed to be on the SOE Portfolio committee or something and called out Molefe and said the whole Eskom board should resign.

So either that or people really don't care much for the noise anymore.

It was the total. So for CoreShares and EasyEquities the value including costs worked out to a nice round number. ABSA was a couple of Rands under every time since we're dealing with whole shares.

Breakdown like so?

CoreShares
R1000
Brokerage: R1.00
STRATE: R10.92
VAT: R1.67
Estimated total fees for this investment: R11.92

R10000
Brokerage: R10.00
STRATE: R10.92
VAT: R2.93
Estimated total fees for this investment: R20.92

R20000
Brokerage: R20.00
STRATE: R10.92
VAT: R4.33
Estimated total fees for this investment: R30.92

Easy Equities
R1000
Broker commission: R 1.99
Settlement and administration: R 0.75
Investor protection levy (ipl) and administration: R 0.01
Value-added tax (vat): R 0.39
Total transaction cost: R 1.15

R10000
Broker commission: R 19.94
Settlement and administration: R 7.48
Investor protection levy (ipl) and administration: R 0.02
Value-added tax (vat): R 3.84
Total transaction cost: R 11.34

R20000
Broker commission: R 39.87
Settlement and administration: R 14.95
Investor protection levy (ipl) and administration: R 0.04
Value-added tax (vat): R 7.68
Total transaction cost: R 22.67

Also had a look at this last week

interesting

I have a question though which I would love user opinions

While I keep the majority of my portfolio in a EU based account, i did keep a TFSA and smaller equities account on the Easy Equities platform ( been with them from the start )

Remember debating whether to convert to ABSA some months back and deciding to stick to it as there was nit much difference ( apart from UX )

I recently heard chatter that EE was possibly in a spot of trouble .... ? are partial investments safe on the platform ( EE hold the risk on this right? fractional ownership ) and would anyone who knows more of this perhaps advise moving to ABSA or in fact the simple CS new platform ?

There's a podcast somewhere (think it was the Money Show with Warren Ingram) where it was said that EE has allocated a budget for three years with which they could subsidise costs (like STRATE) to make the platform attractive and build a user base. Now those three years are just about up so we'll have to wait and see.

Moved my ETFs to ABSA a while ago and only my TFSA remains with EE. Once we can move TFSAs though I'm outta there. There is a MyBroadband thread regarding it, but basically I had to ask them to recalculate the amount of shares owed by me because what I tallied from the trade statements and what was shown to me was different. The problem just magically fixed itself. So from my personal experience and point of view - I do not trust their platform.

I also do not trust CoreShare's technical abilities. Their platform has been running for a while but the STRATE issue wasn't picked up until I queried them last week. Magically fixed also :p

You get what you pay for it seems and once EasyEquities stops subsidising STRATE fees ABSA will be the clear winner on all fronts and not just features.

And should you stop investing the 0.3% platform charge becomes a real problem for me.

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Think it is 0.3%

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https://invest.coreshares.co.za

Signup and FICA

All done within 30 minutes and that includes the time it took me to find a valid proof of residence document. I now have a shiny new Investment and Tax Free account

UI

Very simplistic. Time will only tell but so far it a very nice experience - free of fluff and NOT PINK!

Costs to Buy
Invest: R1000
Total Cost: R6

Invest: R10,000
Total Cost: R10

Invest R20,000
Total Cost: R20

...that's seriously good!

Costs to Sell
Invest: R1000
Total Cost: R6.84

Invest: R10,000
Total Cost: R11.40

Invest R20,000
Total Cost: R22.80

That would be VAT increasing the costs. So selling is 0.1% brokerage + VAT whereas buying is just 0.1% brokerage.

Investing
You can schedule a monthly debit order of min R250 or invest a lump sum of min R1000. The lump sum can be funded by either EFT or debit order. I used the latter.

Minutes later I got an email stating that the transaction was successful and that it will be completed within 3 to 7 days.

Early Verdict
Platform states that ETFs are traded once daily (I assume this helps keeping the costs down). So for the l that can make do with only CoreShare ETFs this seems hard to beat. For a more active approach I'd still go to ABSA's ETF Only.