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UK brokers dealing on Johannesburg stock exchange

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djbenedict
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UK brokers dealing on Johannesburg stock exchange

#181585

Postby djbenedict » November 20th, 2018, 10:20 am

I wonder if anyone can recommend a UK execution-only broker who deals on the JSE? My interest is as a result of the recent Old Mutual restructuring, which has left me with a small number of Nedbank ZAR 1 shares in an ISA I hold with iWeb. iWeb cannot transact these shares, they inform me, and my only option if I wish to sell is to transfer them to another broker. Hence, ideally, I would be looking for a low cost way to transfer, sell and exchange the proceeds back into GBP. Any ideas gratefully received! Is anyone else in the same situation? Other ideas also welcome...

kempiejon
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Re: UK brokers dealing on Johannesburg stock exchange

#181619

Postby kempiejon » November 20th, 2018, 11:40 am

I have my Nedbank with AJ bell and a last month they sent a message they were going to try and get an arrangement with their "Overseas agent" to be held electronically - that would make them tradeable by telephone.
They said this could take some time.

djbenedict
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Re: UK brokers dealing on Johannesburg stock exchange

#181695

Postby djbenedict » November 20th, 2018, 2:49 pm

kempiejon wrote:I have my Nedbank with AJ bell and a last month they sent a message they were going to try and get an arrangement with their "Overseas agent" to be held electronically - that would make them tradeable by telephone.
They said this could take some time.


Interesting, thanks. Would you mind feeding back here as and when that happens, please?

BobbyD
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Re: UK brokers dealing on Johannesburg stock exchange

#181817

Postby BobbyD » November 20th, 2018, 11:43 pm


djbenedict
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Re: UK brokers dealing on Johannesburg stock exchange

#181979

Postby djbenedict » November 21st, 2018, 4:50 pm

BobbyD wrote:https://the-international-investor.com/comparison-tables/uk-international-stockbrokers


That's brilliant, thanks a lot.

kempiejon
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Re: UK brokers dealing on Johannesburg stock exchange

#184859

Postby kempiejon » December 5th, 2018, 12:10 pm

djbenedict wrote:
kempiejon wrote:I have my Nedbank with AJ bell and a last month they sent a message they were going to try and get an arrangement with their "Overseas agent" to be held electronically - that would make them tradeable by telephone.
They said this could take some time.


Interesting, thanks. Would you mind feeding back here as and when that happens, please?


AJ Bell will now allow me to trade Nedbank shares on the Johannesburg stock exchange, telephone dealing only £29.95 plus currency charges.


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