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How to buy Bidvest shares on the JSE

 

Bidvest (BVT) is a publicly listed company on the Johannesburg Stock Exchange (JSE). The JSE is the 16th largest stock exchange in the world and the largest of 22 stock exchanges in Africa.

Here is an overview of Bidvest shares and details on how to purchase shares from the JSE

 

In this in-depth write-up you will learn:

 

  • How to Purchase Bidvest Shares
  • Bidvest Nature of Business
  • Steps to buy Bidvest shares
  • How can you locate the Bidvest Shares Price?
  • How to get JSE Exchange Traded CFD’s
  • Does Bidvest have shares for sale?
  • Pros and Cons of using an online trading broker
  • Bidvest shareholders
  • Details about the JSE
  • Is Bidvest a good investment?

 

and much, much more!

 

Bidvest shares

 

How to purchase Bidvest Shares

 

Retail traders and investors must use a broker approved by the JSE in order to purchase Bidvest shares.

Absent a direct stock purchase plan, which is uncommon in South Africa, there is no way to buy shares from the JSE directly without going via a broker. Thankfully, commissions for online brokerages are rather low, ranging from 0.5% to 0.25% per trade.

 

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Bidvest at a Glance

 

𝗔𝘀𝗽𝗲𝗰𝘁
𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻
📜 Name The Bidvest Group Ltd
🕖 JSE code  / Stock Symbol BVT
🚀SectorGeneral Industrials
🎁 Market cap64,430,947,415
📌 Open an account👉Click Here

 

Bidvest Shareholder information

 

Nature of Business

 

The Bidvest Group Limited is a leading business-to-business, services, trading and distribution group operating in the areas of consumer and industrial products, electrical products, financial services, freight management, office and print solutions, outsourced hard and soft services, travel and aviation services and automotive retailing.

The Bidvest Group Limited was founded in 1988 by Brian Joffe and listed on the Johannesburg Stock Exchange in 1990. In May 2016, its food services division was unbundled from the Group to form the Bidcorp Group.

The CEO of The Bidvest Group Limited is Nompumelelo Thembekile Madisa (2020- ) and its headquarters are in Johannesburg, South Africa.

 

Bidvest Investor regulations

 

4 easy steps for beginners to buy Bidvest shares on the JSE

 

𝗦𝘁𝗲𝗽𝘀𝗕𝘂𝘆 𝗕𝗶𝗱𝘃𝗲𝘀𝘁 𝗦𝗵𝗮𝗿𝗲𝘀
𝗦𝘁𝗲𝗽 𝟭:
𝘋𝘦𝘤𝘪𝘥𝘦 𝘪𝘧 𝘺𝘰𝘶’𝘳𝘦 𝘢 𝘵𝘳𝘢𝘥𝘦𝘳 𝘰𝘳 𝘢𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳
If you are new to purchasing firm shares on a stock exchange, you must first determine if you are an investor or a trader. These are two very different strategies for making money on the financial markets.

Traders maximize daily, monthly, or quarterly returns by employing short-term methods. They profit from market ups and downs as well as entry and exit points over shorter periods of time. Traders profit more frequently but at lesser sizes.


In order to obtain a higher return over a longer time frame, investors employ long-term methods. This implies that rather than selling their shares quickly, investors purchase and hold them. The majority of investors purchase and hold shares with the intention of making money from them in the future, like when they retire.
𝗦𝘁𝗲𝗽 𝟮:
𝘋𝘦𝘤𝘪𝘥𝘦 𝘸𝘩𝘰 𝘺𝘰𝘶 𝘸𝘪𝘭𝘭 𝘶𝘴𝘦 𝘵𝘰 𝘣𝘶𝘺 𝘰𝘳 𝘵𝘳𝘢𝘥𝘦 𝘉𝘪𝘥𝘷𝘦𝘴𝘵 𝘴𝘩𝘢𝘳𝘦𝘴
Retail traders and investors cannot buy Bidvest shares directly from the JSE. The only way to buy Bidvest shares if you are a beginner is through a JSE-authorised broker or share CFDs via an online broker or bank using a trading platform. There is the option of investing in shares through an asset management company but that’s best left to the professionals.

Buying shares via a stock broker company

This is something also best left to advanced traders or investors with a lot of capital. This is because stock brokers charge substantial fees and commissions per transaction. Stock brokers are an old-fashioned way to buy and sell shares on stock exchanges and they’ve mostly been replaced by online brokers with electronic trading platforms.

Buying shares via an online stock trading broker

Online stock trading is the most popular method for beginners to buy and sell shares on the JSE. Traders and investors have access to the same global stocks as stock brokers via an automated trading platform and mobile apps, hosted by a regulated broker.

The cost of trading through an online broker is significantly cheaper than going direct to a stock broking company. If you’re tech savvy, you have a choice of a wide range of trading apps for buying shares on the financial markets. Stock trading apps puts the stock market in the palm of your hand.
𝗦𝘁𝗲𝗽 𝟯:
𝘍𝘪𝘯𝘥 𝘢 𝘑𝘚𝘌-𝘢𝘱𝘱𝘳𝘰𝘷𝘦𝘥 𝘣𝘳𝘰𝘬𝘦𝘳
Beginner traders can easily trade the world’s largest company shares on a retail broker’s trading platform or through one of the mainstream banks in South Africa. Not all global online brokers offer the JSE Top40 Index so most South African traders buy domestic JSE shares through their bank.

Almost all major banks in South Africa offer an online trading service for retail traders and investors to buy shares. If you are a beginner trader, your local bank is your best option to buy Bidvest shares on the JSE.
𝗦𝘁𝗲𝗽 𝟰:
𝘖𝘯𝘭𝘪𝘯𝘦 𝘳𝘦𝘨𝘪𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘧𝘶𝘯𝘥𝘪𝘯𝘨
Follow the multi-step process to register an online share trading account and deposit funds in the account.
1. Sign up with your email address - 👉Click Here
2. Enter your personal details and banking details for fund transfers
3. Add accounts and sign mandates
4. Read the terms and conditions
5. Send in your identification documents required by FICA legislation
6. Fund your account in the currency accepted by the broker
7. Set up your trading platform and start trading

 

Fica

 

FICA : Documents required for individual traders

  1. A valid South African identity document
  2. Proof of residential address, for example, water and electricity bill (not older than three months), your bank statement (not older than three) or current lease agreement. The documents must be in the name of the account holder. If not, written confirmation from the account holder that the applicant lives at the residential address and a certified copy of the account holder’s identity document is required. A cancelled cheque or bank statement not older than 3 months (electronic statements are not accepted). The name of the bank account must correspond with the applicant’s details.
  3. Proof of income tax number; for example, copy of an official document issued by the South African Revenue Services. (An IRP5 will not be accepted).

Please note

Due to the SA government’s anti-money laundering legislation, JSE-approved brokers require original or originally-certified copies of the above documents.

 

How to get JSE Exchange Traded Contracts for Difference (CFDs)

 

To access this product, contact one of the JSE’s Equity Derivatives members.

9 JSE-approved brokers to buy Bidvest shares in South Africa

 

Share broker Broker fee per trade Admin fee per trade Register
Absa Bank 0.40% R75 Absa stock broking  
bpbernstein 1.00% R30 bpbernstein stock broking  
Easy Equities 0.25% R80 – R100 Easy Equities stock broking  
FFO Securities 1.25% R30 FFO Securities stock broking  
FNB 0.50% R87 FNB stock broking  
Momentum Securities 0.50% R45 Momentum Securities stock broking  
PSG Wealth 0.90% R55 PSG Wealth stock broking  
Sanlam iTrade 0.50% R50 Sanlam iTrade stock broking  
Standard Bank 0.40% R99 Standard Bank stock broking  

** Broker fees and admin fees subject to change : estimate for comparison only

 

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Bidvest Shareholders

 

𝗦𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗲𝗿 𝗡𝗮𝗺𝗲
𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗣𝗲𝗿𝗰𝗲𝗻𝘁𝗮𝗴𝗲
Government Employees Pension Fund 20.62 %
Government of Singapore 4.28 %
WGI Emerging Markets3.70 %
Old Mutual Life Assurance Co Ltd2.73 %
PIC16.56 %
Westwood Global Investments LLC6.85 %
GIC Asset Management4.28 %
Old Mutual Ltd4.20 %
The Vanguard Group Inc3.99 %
J.P. Morgan Asset Management3.48 %

 

Bidvest shareholders

 

Pros and cons of trading shares via an online trading broker

 

✅ Pros❎Cons
You can trade share CFDs on leverage
Main disadvantage of trading through an online broker is the minimum trading requirement is reduced and shares are typically traded as CFDs.
The only costs associated with share CFDs is the bid/ask spread
You can short sell share CFDs without needing to borrow the shares
You can develop your own trading strategy to trade independently

 

Details about the JSE

 

👉  The Johannesburg Stock Exchange (JSE) is based in South Africa where it has operated as a market place for the trading of financial products for over 132 years. The JSE connects buyers and sellers in equity, derivative and debt markets.

👉  The JSE is the largest stock exchange in Africa and one of the top 20 exchanges in the world in terms of market capitalization. As of August 2020, the market capitalization of the JSE was at US$1,005 billion.

👉  The JSE is a member of the World Federation of Exchanges (WFE) and holds the chairmanship of the Association of Futures Markets (AFM).

👉  The JSE offers an electronic, efficient, secure market with excellent regulation, trading and clearing systems, settlement assurance and risk management.

👉  JSE Market Data provides a range of reliable and transparent market data products to market professionals and data distributors. JSE Market Data supports multiple use cases that require live data for JSE listed equities, derivatives and bonds. This data is generated across the various markets throughout the trading day.

👉  JSE Market Data also provides an extensive range of index, stock exchange news, historical and reference data services.

 

Conclusion

 

In conclusion, Purchasing Bidvest stock straight from the JSE is uncommon unless the company has a direct stock purchase program, in which case you will need to deal with a JSE-approved broker. The good news is that brokerage fees for online transactions are affordable, usually ranging from 0.25 to 0.5 percent. By using these brokers’ services, traders and investors may easily follow Sasol’s journey and potentially profit from the company’s performance in the market. Do your homework well before making any financial decisions.

 

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Disclaimer 

 

Trading share CFDs is highly speculative, involves a significant risk of loss and is not suitable for all investors.

Share CFDs are only suitable for traders who understand and are willing to assume the economic, legal and other risks involved; are experienced and knowledgeable about trading in derivatives and underlying asset types; and are financially able to assume losses significantly in excess of margin or deposits if trading on leverage and margin.

Forex Trading Africa aims to educate its readers on products and services available to access the global financial markets. Readers assume the risks of trading CFDs and trade independently of any information provided on the Forex Trading Africa website.

 

Frequently Asked Questions

 

Can I buy Bidvest shares direct from the JSE?

No, retail traders and investors cannot buy Bidvest shares direct from the JSE. A JSE-approved broker needs to purchase Bidvest shares on your behalf. Contact any mainstream bank in South Africa that offers a stock broking service or find a JSE-approved broker on the list provided below.

 

What are share CFDs?

CFDs are Contracts for Differences. You get them for shares, commodities, forex, precious metals and energy and global stocks. Share CFDs are the most commonly-traded CFDs in the marketplace.

 

How can you locate the Bidvest Shares Price?

The latest financial information on The Bidvest Group Ltd. (BVT), can be checked on the JSE listed company including the stock price, historical share price performance charts, annual reports, market cap, consensus forecast and dividends.

 

Does Bidvest have shares for sale?

Bidvest does have shares available for sale. 

 

Is Bidvest a good investment?

Bidvest is considered a good, legitimate investment 

8.8/10 - (13 votes)

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