Facts at Your Fingertips - Foreign Investment on the JSE

All financial transactions are effected in commercial rand, which is freely transferable.

MARKETABLE SECURITIES TAX (MST)

A marketable securities tax of 0,5% is payable in respect of every purchase of marketable securities through the agency of or from a member of the JSE. The tax is not payable by a person who is not ordinarily resident in South Africa, Namibia, Lesotho or Swaziland, but if registration of transfer is sought stamp duty would become payable unless a specific exemption applies.

VALUE ADDED TAX (VAT)

VAT is payable on brokerage charged in agency transactions.

FURTHER INFORMATION CAN BE OBTAINED FROM

Internet : http://www.jse.co.za

Johannesburg Stock Exchange * Public Relations Department
17 Diagonal Street * Johannesburg 2001 * Telephone 27 11 377 2200
P O Box 1174 * Johannesburg 2000 * Telefax 27 11 834 7402