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How do I transact on SatrixNOW?

SatrixNOW is an online platform making investing accessible through any device, including your mobile phone. 

A SatrixNOW account with a unique username will be set up for you. See here for details on how to activate your account.  

Once your SatrixNOW account is activated,  all SatrixNOW transactions can be executed online. 

You'll be able to:  

  • view your portfolio at any time 

  • access monthly statements 

  • buy & sell Satrix securities 

  • set up or amend debit orders 

  • invest lump sums 

To make a deposit: 

Login to your SatrixNOW account and select "Deposits" from the top left MENU bar. 

Here are some more details around  making a deposit . 

Reference

Whenever you make a deposit directly into a SatrixNow account, you’re going to need to use your SX EFT reference so that we can identify who you are in order to allocate your deposit. This is the SX-xxxxxx reference displayed on the deposits page of the respective account you want to fund.

 To withdraw cash: 

When you sell holdings, the proceeds of the sale will settle into your SatrixNOW cash account. Once the funds have settled (5 business days after sale instruction), login to your SatrixNOW account and select "Withdrawal" from the top left MENU bar. 

Here are some more details around  making a withdrawal.

Please note that  you will need a verified bank account in order to withdraw funds. To add bank details, login to your SatrixNOW account, and navigate to the "My Profile" drop-down on the top right. Complete the "Bank Info" tab and submit. We run independent verifications on bank account details. If we are unable to verify your bank account automatically, you may need to submit proof of account details. 

To make changes to a recurring investment via debit order:  

Login to your SatrixNOW account and select "Recurring" from the top left MENU bar. You will be able to  view all your recurring investments and edit them as required. 

Here are some more details around  changing a recurring investment. 

Please note that  you will need a verified bank account in order to make changes. To add bank details, login to your SatrixNOW account, and navigate to the "My Profile" drop-down on the top right. Complete the "Bank Info" tab and submit. We run independent verifications on bank account details. If we are unable to verify your bank account automatically, you may need to submit proof of account details. 


Provision will be made for Satrix Investment Plan clients who are unable to use the online platform, but this will incur an additional administration cost of 5 basis points (0.05%) per annum. We are however confident that investors will welcome the range of benefits SatrixNOW offers and will find the  online process user-friendly and accessible. 

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Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.