Frequently Asked Questions
For answers to the FAQs, please click on the links below.
How do I become an SPI Client?
Simply click here to contact us directly and we shall arrange a personal conversation with an investment professional from our SPI office closest to you, around managing and growing your wealth.
How much do I need to open an account with SPI?
The minimum amount to open an execution and advisory-only account is R250 000 and, for a full discretion account, R1 million.
How will you keep me informed?
As an SPI client, you receive a monthly statement notifying you of all activity on your account. You also receive our monthly newsletter, MasterMind, giving our perspective on prevailing issues in the markets and economy, here and abroad. You also have access to your account via the internet 24/7.
What security of assets do you offer?
For discretionary clients, SPI offers a full administration facility, including listing all securities under the SPI nominee company Aghulhas Nominees (Pty) Ltd on the SPI-appointed CSDP (Customary Settlement Depository Participant).
How do I transfer my assets to SPI to commence trading?
You transfer your funds directly into the Sanlam Private Investments Trust Account at:
How do I transfer my portfolio from another stockbroker to SPI?
You sign a letter giving SPI authority to transfer your funds. You then complete an SPI mandate and submit your FICA documents for processing and account activation.
How do I keep track of my portfolio?
You gain direct access through our website or your monthly statement, or call your portfolio manager. You also receive a broker’s note daily detailing the activities on your account on the previous business day.
If I have share certificates, how much will dematerialisation cost?
Dematerialisation of your share certificates will cost you R90 a share/certificate.
What are SPI's fees?
For a comprehensive summary of SPI's fees please click here
How do I buy and sell shares?
The most common route is to deal through a member firm of the JSE, such as Sanlam Private Investments. A broker dealing at one of these member firms will then buy or sell on your behalf, at the best possible price. The member firm charges commission for each transaction.
What are the JSE’s trading times?
The stock market opens at 9am and closes at 5pm, Monday to Friday.
When are payment and settlement of shares due?
Settlement of shares sold is on the 5th business day following the transaction. Payment for shares must take place on or before the date of purchase.
How do I pay for shares bought at SPI?
You will need to deposit the payment directly into the Sanlam Private Investments bank account. The deposit slip (showing the amount owing as well as the client’s account number) must be emailed or faxed to Sanlam Private Investments on 086 688 3738.
What are the different types of trading accounts?
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