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Jonny - main account is with ABSA - my "speculative/holiday" money is with EE. They still pretty new, so probably haven't ironed out all the crinkles - am am sure their fractional shares cause them a few headaches.. But is seems your "full"shares are registered with compushare.

Morning all.

I see that the distribution was to be paid on the 13th:

http://coreshares.co.za/wp-content/uploads/2015/10/08-Oct-15-DIVTRX-DISTRIBUTION-FINALISATION-ANNOUNCEMENT.pdf

"The distribution will be made to all holders of DivTrax securities who were recorded in the register on
25 September 2015 and will be paid on 13 October 2015."

Nothing showing up on my easyequities account.  Has anybody else recieved their distribution?

I don't want to burst your bubble now but have you people thought this through? Has the $ gained in strength against all major currencies? If so, then the ZAR is not weakening as much as it looks on paper and will correct back down again. It might just be at the peak now and you will be buying the $ at a high.

When I last looked, the ZAR was depreciating at -3% pa and this is insignificant when you take into consideration that SA market as an emerging market by far outperforms developed markets.

Perhaps your view is politically motivated but SA has a very strict and solid financial system in place to the extent that the UK and USA sent representatives to study SA's SARS and SARB system after the 2008 fiasco.

You might have forgotten the 2008 bank implosion that never affected SA banks due to the strict regulations FSB has in place.

I could quite easily withdraw all my money with a simple email but I see SA as a more lucrative market to be in.

Hi J,

1. You have to fill in 2 documents at the branch. One for Standard Bank and one for the South African Reserve Bank. Its relatively straightforward, but you give the account number where the funds are held as well as the reference (ie your webtrader acc number). Standard Bank buy the dollars for you (at the current spot rate) and then transfer it to the account in the States.
2. Yes very easy, you type in the code, ie SCHD as I did, and execute the trade.
3. Good question, I haven't looked at what other info the account provides, I use Google to do international research. The webtrader platform is not in same league (wrt to research) as the JSE version that Standard Bank offers. The Webtrader webinars are really good I find.
4. Minimum trade value is $20. I haven't bought enough shares to see whether it becomes % based (That ZAR/USD  )
5. Its deducted from the webtrader account every month. The platform is totally independent from SA. You only get charged on the amounts invested. So if you have $10,000 in cash, you incur $0 in fees. If that $10,000 is invested in my case SCHD, its 0.005% of $10,000.

Webtrader announced on Thursday that they are launching EUR and British Pound accounts on 1 September so then you will be able to have multiple currency accounts. I wish this was the case last year when I started, because of the EUR/USD rate, im losing significant money on a specific share.

The other lesson I'll impart is that before you buy shares that yield dividends, you need to register the GlobeTax people that will recover tax between SA and USA (30% divi tax in the states) for you. They do not recover dividends that you have already received after registering with them. They also only recover tax from US based companies. They do recover from EU/British shares but the costs are INSANE (It was something like $300 for 3 years).

Hope this helps
C