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They're more expensive than the offshore guys but otherwise there's nothing wrong with EE for the first $60 000.

Very interesting, I wasn't aware of that! Thanks for the heads up, I was nearly going to start recommending them to others. I think I'll wait until they sort out the repatriation of funds.

So I see Saxo Capital Markets SA is no more after the acquisition by Sasfin. Looks like it is rebranded to Direct Market Access now: http://www.dma.co.za

Interactive brokers has dropped the $10 000 minimum. They only issue I have with them is that they have a $10/month minimum fee, so if you only spend $5 in transaction fees for the month, you have to pay another $5 at the end of the month.

@Stefan. I have never traded on a foreign stock exchange but can give you some pointers.
In SA you pay tax on your worldwide income so any trades made and concluded will be regarded as income. Many people think that if the money is still overseas after the trade is over and done then it is still gaining or losing value as Forex and no SA tax is due until the cash is available in SA. This is not true.

You don’t pay tax on currency movement while you are invested so you must do all the calculations in USD such as the purchase and sale plus the profit/loss. Only then do you convert the USD to ZAR at the spot price on the day the trade is concluded.
This amount must be recorded by you for efiling later. Note that all amounts in your broker account must remain in USD for all future trades. Only once the trade is concluded do you record the profit/loss in ZAR.

This is trading much like selling and buying cars so you will be a provisional tax payer and must adhere to the dates required for provisional tax returns.

The same applies to investors except they are not provisional tax payers.

You don’t pay tax on currency movement while you are invested so you must do all the calculations in USD such as the purchase and sale plus the profit/loss. Only then do you convert the USD to ZAR at the spot price on the day the trade is concluded.
This amount must be recorded by you for efiling later. Note that all amounts in your broker account must remain in USD for all future trades. Only once the trade is concluded do you record the profit/loss in ZAR.

Correction to above.  An individual taxpayer (for CGT purposes) has the ability to choose to translate the foreign gain at either the Spot price on the date that the share was sold or at the average exchange rate in the year that the security was disposed.  Two important take away's from above are as follows.   1.  In times of rapid currency fluctuations the taxpayer should compare the rate and apply the rate that will be most beneficial for him selves.   
2.  If you long term view is of a gradual devaluation of the Rand, the above method of calculating the capital gain on foreign securities is extremely beneficial to the taxpayer (no matter which method you use), as effectively the forex gains (from date of purchase to date of sale) is received free of capital gains.  You do not get the same benefit if you acquire South African denominated securities with offshore exposure.