JSE Brokers

A broker or stockbroker is the gateway between a trader and the JSE. If a trader wants to buy or sell shares, they can’t go directly to the JSE. Instead, they will need to find a broker which will act on their behalf. This broker will follow a traders’ instructions as to what want to trade in, the number of shares and the price. They will then submit the orders to the JSE.

How to Buy Shares on the JSE

Step 1: Finding the right share to buy

  • Buying shares isn’t simply a random process. You’ll have to do some solid research to determine which are the best JSE shares to buy at the specific time you’re looking to enter into the stock market. Take note that you can’t independently buy shares – you have to find a registered stockbroker who will purchase them on your behalf. But before you get to that stage, it’s essential to gain an understanding of the workings of the stock market and the process of buying shares on the JSE. The JSE website has a comprehensive set of free training materials which covers all the jargon associated with JSE stock exchange shares and how to buy JSE shares, so it’s recommended that you go through these.
  • But how do you go about selecting the best JSE shares to buy? This largely depends on how much risk you’re willing to take, as well as your budget. There are plenty of JSE shares under R10 in price, and these are a good start for new investors looking to invest a relatively small amount. You could also decide to invest in penny stocks, which include JSE shares under R1.  Unfortunately, if you only have around R1000 to invest, then buying even the cheapest stocks won’t be worth it, due to the 10% average cost of brokerage, which will cancel out any profits. Realistically, you’ll need to start with around R5000 to make the effort worthwhile.
  • The next logical question is, what are your investment options on the JSE today? Ordinary Shares are the most common type of shares traded on the stock market. These give you full voting rights at AGMs, as well as dividends, while allowing you to benefit from capital growth if the company is doing well. If you choose wisely, by reading through company annual reports, keeping track of market-related news and staying abreast of current affairs, you stand a good chance of gaining inflation-beating returns from ordinary shares.
  • For the more inexperienced investor, exchange-traded funds (ETFs) are also a good option, giving you exposure to a basket of top performing shares for sale on the JSE. These save you time and money by enabling investment in a variety of asset classes through a single listed investment product. Diversification means that the risk of losing money is less, but the rewards are less too.
  • For the more inexperienced investor, exchange-traded funds (ETFs) are also a good option, giving you exposure to a basket of top performing shares for sale on the JSE. These save you time and money by enabling investment in a variety of asset classes through a single listed investment product. Diversification means that the risk of losing money is less, but the rewards are less too.

Step 2: Find a broker or Buy Directly Online

  • As mentioned previously, you’ll need to go through a stockbroker if you want to buy shares on the JSE. There are a number of member firms to choose from, and a full list can be viewed on the JSE website. When deciding on a broker, you’ll want to consider the associated charges, the way you want to trade and what you want to invest in.Different firms often have different specialities, so make sure that you choose one with good experience in the specific sector you’re thinking of investing in. You’ll also want to take into account whether you want your stockbroker to take on a full-service role which includes offering advice and managing your portfolio, or whether you simply want an ‘execution-only’ broker who never suggests what to buy or sell, and only acts on your instructions. The first option is obviously far more costly, but advisory brokers can offer some solid insight into the best JSE shares to buy and how long to hold onto your shares before selling. With the latter option, you’ll generally be able to buy shares online quickly, using the first stockbroker available through your chosen member firm.
  • Go carefully through the JSE stockbroker list and compile a list of three. You can give them each a call if you want to get a general feel for the customer service they offer. At the end of the day, you can have more than one broker and can decide to change brokers if you feel like you’re not getting what you need. Of the many stockbrokers trading on the JSE, around a dozen offer online trading for individual investors, which clients pressed for time will find convenient.
  • Once you’ve chosen a broker, you’ll be required to fill out some paperwork and sign off on some terms and conditions. Most stockbrokers offer individual investors a logical, easy way to fill out application forms online. You’ll be asked for general client information and residency status, as well as Financial Intelligence Centre Act (FICA) documents including:
    • Copy of South African ID, or a Passport if you’re a foreign national.
    • Proof of residence less than three months old, can be a utility bill from where you live. (Alternatively you can provide declaration by a third party confirming you share an address with them).
    • Copy of a South African Revenue Service (SARS) document confirming income tax number.
    • Copy of a bank statement (less than three months old) in order to confirm banking details.

Step 3: Setting up your FREE personal account

signup-to-buy-shares-on-the jse

Open your Account Now

  • It’s almost time to start trading! After you’ve submitted all the required paperwork, your stockbroker will call you to officially open your account. This generally requires the lump sum you wish to invest, which will be kept in an account called the JSE Trust Account. This account ensures that your money is protected if anything happens to your broker. Some brokers will offer you the choice between discretionary and non-discretionary accounts.Discretionary accounts allow brokers to make trades without the consent of the account holder, based on his belief on the best way to achieve investment returns within acceptable levels of risk specified by you. This is a good option for the beginner investors with money to spend and without much inclination to do their own investment research. Non-discretionary accounts have smaller brokerage fees, and with thorough research you’ll generally be able to identify some of the best JSE shares to buy.
  • It’s usually free to set up an account, and only a monthly administration fee of between around R15 and R100 is paid to your broker. A common misperception is that stock-monitoring or trading software is required to invest or trade on the JSE. This is incorrect, and the JSE does not endorse, sell or authorise any such software. Marketing campaigns often say that these programmes allow for ‘direct trade’ on the JSE, but this is also false: you can only invest on the JSE by opening an account with a broker. Most brokers stipulate a minimum amount in your trading accounts when you start out – differing from broker to broker. Remember the R5000 rule if you want to have a realistic chance of receiving returns.Once the money to open your account is cleared, you can begin investing in your first shares.  
  • Once you’ve chosen a broker, you’ll be required to fill out some paperwork and sign off on some terms and conditions. Most stockbrokers offer individual investors a logical, easy way to fill out application forms online. You’ll be asked for general client information and residency status, as well as Financial Intelligence Centre Act (FICA) documents including:
    • Copy of South African ID, or a Passport if you’re a foreign national.
    • Proof of residence less than three months old, can be a utility bill from where you live. (Alternatively you can provide declaration by a third party confirming you share an address with them).
    • Copy of a South African Revenue Service (SARS) document confirming income tax number.
    • Copy of a bank statement (less than three months old) in order to confirm banking details.

Step 4: Make your first share purchase on the JSE

  • Discretionary brokers have a good knowledge of how to buy shares, and their financial wellbeing is at stake too, so you can usually be assured of some savvy purchases (along with higher commission fees). If you’re taking the non-discretionary route, then as a beginner it’s recommended that you identify between 4 and 5 different shares to purchase, as this will offer some diversification – important for shielding you from significant dips in any particular market.This is where the true value of ETFs lies. You’re able to set a monthly debit order to purchase these ETFs. By buying EFTs through a good broker, having access to brokers’ daily reports and taking advantage of the free training courses and educational material offered by most, you’ll be able to build up extra knowledge of the stock market until you feel you’re ready to venture into the world of ordinary shares.
  • Some questions you’ll want to ask when deciding on the best South African shares to buy now:
    • Do I want to trade or do I want to invest? There’s a difference between trading and investing. Trading generally means that you’re looking to buy and sell shares on a regular basis, which is generally a high risk, high reward tactic. If you’re looking for long-term growth, rather invest in a larger company with a consistent record of steady growth.
    • Is the share in a high growth sector?
    • Is the share well priced? The much used adage of ‘buy low, sell high’ applies here. Cheap isn’t always good however, as this could mean that the company is at the start of a long decline. Be sure to do your research.
    • Is the company’s management stable?
  • The value of research cannot be understated. Some indicators to pay attention to:
    • Price to Earnings Ratio (P/E). P/E measures how much investors are paying for each rand the company earns. This can be calculated by dividing the company share price by net income. Seasoned investors generally look for undervalued stocks, which have a P/E ratio of around 15 or lower.
    • Go through the company’s quarterly and annual financial reports. Look for a sound history of revenue growth, a solid profit margin and the ability of a company to pay dividends, all of which point to sound financial standing. The share price is likely to be more volatile if the company has a lot of debt.
    • Be wary of rave reviews. If a wide cross-section of analysts are punting, for example, the best JSE shares to buy in 2017, this likely means that a number of investors will be jumping to buy the stocks, which could over-inflate the price and become difficult to sustain. You could be left with little potential for upside growth in share price.
    • Expect some volatility. Individual shares are always more volatile than ETFs, so you can expect some swings in share price. It’s worthwhile to study full year highs and lows for stocks you’re considering to get an idea of how much the prices can swing.

Open your Account Now

Conclusion

The JSE is an exciting place to invest. However, don’t be fooled into thinking it’s easy. It’s vital to have a good grasp of the workings of the stock market and the economy as a whole, as well as the health of the particular markets you’re deciding to invest in.

Can I buy shares without a broker?

You can invest in the Share Market without a broker also. … Another option of investing in the stock market with any broker is through the Direct Stock Purchase Plan (DSPP).

How do I find a broker to buy shares?

Use the Australian Securities Exchange (ASXfind a stockbroker tool to locate a broker that suits your needs.

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Complete Guide to NSFAS Online Loan Application for South African Students (2025)

If you are a South African student looking to pursue higher education but are facing financial difficulties, the National Student Financial Aid Scheme (NSFAS) is one of the most accessible funding options available. NSFAS provides financial aid in the form of bursaries and loans to qualifying students at public universities and TVET colleges in South Africa.

This guide will walk you through everything you need to know about the NSFAS loan application process, from eligibility requirements to application steps and frequently asked questions.


📌 What is NSFAS?

The National Student Financial Aid Scheme (NSFAS) is a government-funded financial aid scheme aimed at helping students from low- and middle-income households to access tertiary education without the burden of upfront fees.

NSFAS offers both bursaries and income-contingent loans:

  • Bursaries: For eligible students who meet academic and household income criteria (especially for TVET and university students).
  • Loans: For students who do not meet all bursary criteria or who are pursuing postgraduate qualifications not funded under bursary schemes.

✅ Who Qualifies for an NSFAS Loan?

To qualify for an NSFAS loan (especially for postgraduate students or programs not funded under the bursary system), you must:

  • Be a South African citizen.
  • Be financially needy, with a household income of less than R350,000 per year.
  • Have a valid South African ID.
  • Be enrolled or accepted to study at a public university or TVET college.
  • Not be funded through another bursary program that covers all expenses.
  • Maintain satisfactory academic progress (returning students).

📚 Courses Funded by NSFAS

NSFAS primarily funds undergraduate qualifications, but certain postgraduate programs (e.g., PGCE, postgraduate diplomas in education, and professional courses like LLB) may be considered under the NSFAS loan scheme, not bursaries.

If you’re studying:

  • Undergraduate degree or diploma: You are likely eligible for a full NSFAS bursary.
  • Postgraduate study: You may qualify for a loan, depending on the course and funding availability.

📄 Required Documents for NSFAS Application

When applying, make sure you have the following documents scanned and ready:

  1. Certified copy of your South African ID or Smart Card.
  2. Parent(s) or guardian(s) ID documents.
  3. Proof of income (latest payslips, UIF, or affidavit if unemployed).
  4. Consent Form signed by your parent(s)/guardian(s) to allow NSFAS to verify income.
  5. Proof of registration or acceptance at a public institution.
  6. Academic transcripts (for continuing or postgraduate students).

🖥️ How to Apply for an NSFAS Loan Online

Step-by-Step NSFAS Online Application Process (2025)

  1. Visit the NSFAS Website

    Go to: https://www.nsfas.org.za

  2. Create an Account

    • Click on “MyNSFAS” and register your profile.
    • You’ll need a valid email address and South African cellphone number.
    • Choose a strong password and verify your account via email or SMS.
  3. Login and Start the Application

    • After registration, log in to your MyNSFAS account.
    • Click on “Apply” to begin a new application.
  4. Fill in Your Personal Details

    • Input your ID number, name, surname, and other details exactly as they appear on your ID.
    • Provide household income information and living arrangements.
  5. Upload Required Documents

    • Upload all supporting documents in PDF or JPEG format.
    • Each document must be clear and under the size limit specified.
  6. Submit Your Application

    • Review your application for accuracy.
    • Click “Submit” and wait for a confirmation message.
  7. Track Your Application

    • Log in regularly to check your application status.
    • You will be notified via SMS and email at each stage of the process.

🗓️ Important NSFAS Dates (2025)

  • Application Opening Date: September 1, 2025
  • Application Deadline: January 31, 2026
  • Appeals Period: February 2026 (if rejected)
  • Disbursement: After registration and approval

Note: Dates are subject to change; always confirm on the official NSFAS website.


💸 What Does the NSFAS Loan Cover?

NSFAS funding typically includes:

  • Tuition fees
  • Registration fees
  • Accommodation (if living away from home)
  • Meals and transport
  • Learning materials (e.g., textbooks)

For loans, repayment is only required once you start working and earn above a threshold (around R30,000 annually, but subject to change).


🔄 NSFAS Loan Repayment

Repayments are:

  • Income-contingent – you only repay when you can afford to.
  • Administered by DHET (Department of Higher Education and Training).
  • Interest-bearing, but interest rates are low and favorable.

You can also apply for a partial loan conversion to a bursary if you perform well academically.


🔁 How to Appeal a Rejected NSFAS Application

If your application is rejected, you may submit an appeal via your MyNSFAS portal:

  1. Log into your MyNSFAS account.
  2. Click on “Track Funding Progress”.
  3. If rejected, click on “Submit Appeal”.
  4. Upload any missing or corrected documents.
  5. Provide a clear explanation or motivation.

📱 NSFAS Contact Information


📝 Final Tips Before Applying

  • Apply early to avoid system overload near the deadline.
  • Use your own email and cellphone number (do not use someone else’s).
  • Double-check that all your documents are certified and legible.
  • Keep a copy of your submission confirmation for reference.

By following this guide, you can confidently apply for NSFAS funding and move one step closer to achieving your academic and career dreams—without the burden of immediate financial pressure.