Fees
Removal of non-practicing stockbroker category
Previously, the JSE required that stockbrokers be in a stockbroking business as the JSE needed to ensure that their knowledge was current. If stockbrokers were not in a brokerage, they could change their membership to non-practicing. If non-practicing for more than three years, they would have been required to re-write their stockbroking exams to re-instate the membership category Practicing Stockbroker.
However, with the introduction of the requirement that all members, practicing and non-practicing, complete 30 hours of Continuous Professional Development (CPD) per annum, the differentiation in categories and the requirement for non-practicing members to possibly re-write their examinations, is no longer necessary. Consequently, the categorisation of non-practicing vs practicing has no bearing on whether a stockbrokers is an active stockbroker or not. Consequently, that category has been removed.
Student Membership
Students of the SAIS are classified as members of the SAIS i.e. student members. In recent years, students have not had to pay annual fees. This has also meant that they have not received any services from the SAIS, other than when they are writing examinations. As of 2021, will institute a nominal student membership fee of R200.00 (incl. VAT). This will give students access to the quarterly newsletter and semesterly periodical. In addition a semesterly periodical aimed solely as students will also be launched. This will provide students with information relevant to their studies, careers and provide articles of interest. The annual student membership fee will also acclimatise students to paying annual membership fees, which will remain a requirement when they become Associate or Affiliate members of the SAIS.
| ITEM | 2021 Fee (incl. VAT) |
|---|---|
| Individual Members | |
| Associate Stockbroker | R 6 260.00 |
| Affiliate Stockbroker | R 6 260.00 |
| Retired Stockbroker | R 2 087.00 |
| Student Member | R 200.00 |
| Corporate Members | |
| Corporate Member | R 207 000.00 |
| Corporate Member-Top Ten | R 345 000.00 |
| ITEM | 2021 Fee (incl. VAT) |
|---|---|
| Workplace Provider | |
| Workplace provider application fee this is a once off fee for the workplace (employer) |
R 6 512.00 |
| Workplace provider monitoring fee annual fee |
R 4 535.00 |
| Learner | |
| EISA exam fee per learner |
R 6 048.00 |
| ITEM | 2021 Fee (incl. VAT) |
|---|---|
| CPD Providers | |
| CPD Provider Application | R 4 647.00 |
| CPD Provider Annual Renewal | R 3 140.00 |
| CPD Programme Approval | R 856.00 |
| CPD Programme Approval - multiple days per day |
R 694.00 |
| *Corporate Member: CPD Programme Approval (after first 10 applications) | R 431.00 |
| *Corporate Member: CPD Programme Approval - multiple days per day (after first 10 applications) |
R 347.00 |
| SAIS CPD Courses | |
| Non-member course registration | R 778.00 |
| SAIS member course registration | R - |
| ITEM | 2021 Fee (incl. VAT) |
|---|---|
| Legislation | R 2 080.00 |
| Finance | R 6 552.00 |
| Finance Exemption Application | R 1 560.00 |
| Investment Advice & Portfolio Management (IAPM) | R 6 552.00 |
| IAPM Exemption Application | R 1 560.00 |
| Taxation | R 6 552.00 |
| Rules Part 1 | R 5 408.00 |
| Rules Part 2 | R 6 552.00 |
| ITEM | 2021 Fee (incl. VAT) |
|---|---|
| The Key Individual Role of the Stockbroker in Control | R 6 552.00 |
Corporate members will receive a 10% discount for the first 5 employees enrolled on each of the Key Individual courses