Trading procedures
Manual
EJ September 2014
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Introduction
Senwes attends to the trading of shares in Senwes Limited and Senwesbel Limited (hereinafter the "Senwes Group”) in
house.
Share transfers and restrictions
Senwes shares are freely transferable whilst the shares of Senwesbel, the holding company, are not freely transferable.
The latter shares may only trade amongst existing shareholders or new shareholders, with prior approval granted by the
Senwesbel board of directors. Final approval vests with the Senwesbel board of directors in terms of the authority
granted in the memorandum and articles of association of the company.
Senwes will forward all instructions for the purchase of Senwesbel shares to Senwesbel for the necessary approval.
The approval process will take at least seven days, but could take longer, depending on individual circumstances.
Documentation required
Should you wish to trade in Senwes or Senwesbel shares, the following documentation must be handed in at Senwes
Head Office or any Senwes business unit. All documents must be marked clearly for attention: The Company Secretary.
a)
b)
c)
d)
An original, signed trading mandate which, inter alia, authorises the transfer administrators to execute a transfer
of shares on behalf of the Seller;
proof of bank details in the form of a cancelled cheque or a copy of your bank statement;
The FICA documentation required in terms of money laundering legislation. No trading in shares may take place
without this documentation;
A seller, who is in possession of physical share certificates, must return such share certificates to Senwes.
Trading procedures
Should you wish to trade in shares, Senwes must be instructed accordingly by means of a verbal or written instruction,
per mandate. Instructions may be given telephonically at telephone number 018-464 7105. Calls will be recorded and
any telephonic instructions will be legally binding.
Trading will take place between 09h00 and 16h00 on week days.
The following information must be provided in respect of all transactions:

The Senwes membership number or shareholder number (if applicable);

The identity number or registration number (in the case of legal persons);

The class of shares in which you wish to trade;

The number of shares to be purchased or sold;

The period for which the instruction should be valid;

The price at which you wish to buy or sell shares.
It is recommended that potential buyers and sellers discuss current share prices with a financial advisor or broker before
deciding on a transaction price. Senwes and Senwesbel officials and personnel will under no circumstances give advice
regarding your investment or transaction prices.
The price, at which you wish to trade, can be based on the following two principles:


A fixed price; or
a “best price” in other words the best available price at the time of the instruction.
The instruction is placed in the market for trading. The transaction is concluded as soon as you instruction is traded in
the market.
The date upon which the transaction is concluded, is called the trading date.
Trading note
Senwes will provide trading notes to sellers and buyers to confirm all concluded share transactions.
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Shares held as security
Shares in the Senwes Group are, in terms of the scheme of arrangement at the time of conversion of Sentraalwes Cooperative, automatically ceded and pledged as security for current and future debt, if any, of a client who is also a
shareholder.
When shares are therefore sold, Senwes has to grant permission for the shares to be sold and has to provide
instructions regarding the proceeds of the sale of the shares. The approval process will take at least three days, but
could take longer depending on individual circumstances.
Bank details
Buyers of shares must deposit the amount payable into the Senwes Share Trading Mechanism Trust Account before a
transaction can be concluded. All payments must be made by means of a direct cheque deposit or electronic payment.
No cash may be received.
Senwes Share Trading Mechanism Trust Account
Bank:
Branch:
Branch code:
Account number:
Reference number:
ABSA
Klerksdorp
334 338
950 000 295
ID-number / Client number
Transfer of shares
When the trading note is issued by Senwes, the transfer secretary will simultaneously receive notice of the transaction.
The transfer of shares will be done thereafter. Written confirmation thereof will be sent to buyers and sellers.
Settlement
Settlement will take place on the clearance date as indicated on your trading note. Sellers of shares will receive the
proceeds of the sales transaction, as indicated on the trading note, after recovery of the transaction costs. The net
proceeds will be paid over electronically by Senwes to the Seller's nominated bank account, as indicated in the mandate.
Should the proceeds be utilised in respect of outstanding debt, the amount concerned will be paid over to Senwes.
The transaction costs are made up of trading fees, security transfer tax of 0, 25% of the purchase consideration
(applicable to purchase transactions only) and VAT.
Trading fees
Trading fees are paid in terms of a sliding scale based on the amount of the transaction. Both the buyer and seller will
pay trading fees, which will be as follows:
TRADING FEES
SELLERS
Rand value of transaction
Trading fees
Below R200
R200 to R5 000
R5 001 to R10 000
R10 001 to R30 000
R30 001 to R50 000
No fees
Fixed fee of R50
Fixed fee of R150
Fixed fee of R200
R200 plus 1% on value between R30 001 to R50 000
R200 plus 1% on value between R30 001 to R50 000
plus 0.75% on value between 50 001 to R500 000
Fixed % on capital - 0.5%
Fixed % on capital - 0.35%
R50 001 to R500 000
R500 001 to R1 000 000
Above R1 000 000
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BUYERS
Rand value of transaction
Trading fees
Below R200
R200 to R30 000
R30 001 to R50 000
No trading fees
Fixed fee of R200
R200 plus 1% on value between R30 001 to R50 000
R200 plus 1% on value between R30 001 to R50 000
plus 0.75% on value between 50 001 to R500 000
Fixed % on capital - 0.5%
Fixed % on capital - 0.35%
R50 001 to R500 000
R500 001 to R1 000 000
Above R1 000 000
Plus Value Added Tax.
Deceased Estates (Estate Late) or Insolvent Estates
Only the executor of the estate of a deceased shareholder or the Trustee of an insolvent estate will be authorised to
provide a mandate for the trading of shares.
Senwes Web site information
For information regarding share prices, as well as bids and offers, visit www.senwes.co.za go to “shares” where the
information appears.
Confidentiality
The Senwes trading desk will regard all documentation and transactions as confidential. The transfer and trading
function have been split up in order to ensure the necessary internal control and integrity in the process.
Access to the Senwes trading desk is limited during trading times.
Contact details
Name
Detail
Telephone
Ansa Janse van Vuuren
Trading
(018) 464 7105
Claudi Smit
Administration,
enquiries
Elmarie Joynt
Company Secretary and Head of Division
Registration number:
transfers
and
general
Senwes Limited
Senwesbel Limited
1997/005336/06
1996/017629/07
(018) 464 7121
(018) 464 7104
The Company Secretary
Senwes Limited
PO Box 31
Klerksdorp
2570
Tel no:
Tel no:
Fax:
018 - 464 7104
018 - 464 7121
018 - 464 2228
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