Trading when your company is listed on the JSE

[Hamster]

The closed periods are the bare minimum...i.e. during that period it would be so sketchy that its pretty much guaranteed to be insider trading unless you've got temporary amnesia. That doesn't mean you can't go down for insider trading outside of the closed period. Plus just an accusation is usually enough to hurt a career. Its got a bit of a guilty until proven innocent vibe about it in that sense, which is why directors go out of their way to avoid it even if it costs them money (see scheduled trades above).

Then there is the issue of the company you work for being in the Top40/MidCap/whatever. Technically trading an ETF is then trading that company's shares :wtf:

Meh

 

[HavocXphere]

Then there is the issue of the company you work for being in the Top40/MidCap/whatever. Technically trading an ETF is then trading that company's shares :wtf:

Meh

One step ahead of you

I do believe there is an exception for smaller indirect holdings though. i.e. If you buy a unit trust that happens to have a tiny bit of shares in your company. Even that is heavily restricted though.

 

[Messugga]

One step ahead of you

Ditto for pension schemes.

Your company should have a whitelist of stocks you're allowed to purchase. You need to clear things with your compliance officer and you may be limited to making your trades through an approved platform.
Further, there can be a threshold with regards to the number of trades you execute monthly, that may not be crossed.

 

[Hamster]

One step ahead of you

I can but dream to one day be as fast as you

 

[Pho3nix]

Finally got all this sorted. Kinda..
So we apparently can have a Personal Trading account but only with the employer . Having anything else can put you on the Red List of financial institutions.
Only 50 trades a year and below 600k. Think that should be enough for me at the moment.

Going to leave my G247 funds where they are at the moment. Don't want to rock the boat.

 

[Freaksta]

Finally got all this sorted. Kinda..
So we apparently can have a Personal Trading account but only with the employer . Having anything else can put you on the Red List of financial institutions.
Only 50 trades a year and below 600k. Think that should be enough for me at the moment.

Going to leave my G247 funds where they are at the moment. Don't want to rock the boat.

Assume that's only for shares in your company.

 

[HavocXphere]

I can but dream to one day be as fast as you

Finally got all this sorted. Kinda..

Tell me you used my glorious advice to get their attention.

edit...this

Send them a mail asking how insider trading profit should be disclosed on your tax return. That should get you their undivided attention.

 

[Pho3nix]

Assume that's only for shares in your company.

Nope. All the shares. Not sure if we can buy shares in the company though
Albeit, some shares are banned (on a list) and employees are not allowed to buy at all.

Also having paper-work to explain why you decided to buy the specific share is also a requirement. Just to cover your ass.

Tell me you used my glorious advice to get their attention.

edit...this

Funny enough, that's how I started the convo with the head of their division. Got the officer in-charge of my division really quick after that.
The compliance officer didn't find this funny though

 

[matt_za]

So....
what company do you work for and are you selling or buying