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Jozibonds: applications

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jozibonds

Application process

Who qualifies to buy Jozibonds?

  • South African citizens older than 18 years;
  • Stokvels; and
  • All legal entities.

Documentation required

INDIVIDUALS

  • Copy of a valid South African identity document (if resident) or passport (if foreigner) with your specimen signature.
  • Proof of residential address, for example, water and electricity bill (not older than three months), your bank statement (not older than three months) 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 copy of the account holder's identity document is required.
  • 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.
  • Cancelled cheque or a certified copy of your bank statement (not required for South African Standard Bank current or savings account customers). The name of the bank account must correspond with the applicant's details.
COMPANIES
  • Copy of Certificate of Incorporation of companies (CM1).
  • Copy of Memorandum and Articles of Association for companies.
  • Copy of notice of registered office and postal address (CK22) for companies.
  • Copy of documentary proof of appointment of directors (CM29).
  • Copy of resolution covering opening, appointing of authorised representative and operating of account.
  • For authorised representative, proof of residential address, for example, water and electricity bill (not older than three months) or current lease agreement.
  • For authorised representative, copy of valid identity document (if resident) or passport (if foreigner).
  • For all directors and shareholders (holding more than 25% voting rights) of company, copy of valid identity document (if resident) or passport (if foreigner) and registration documents for legal entities.
  • Details of all directors and shareholders (holding more than 25% voting rights of company (name; date of birth; identity number; residential address and contact details).
  • Proof of income tax number and Vat registration number, for example, copy of an official document issued by the South African Revenue Services.
  • Company letterhead.
  • Cancelled cheque or a copy of company bank statement (not required for South African Standard Bank current or savings account customers). The name of the bank account must correspond with the applicant's details.
CLOSE CORPORATIONS (CC)
  • Copy of Founding Statement (CK1) or amended Founding Statement (CK2) for CCs.
  • Copy of Association Agreement for CCs (if applicable).
  • Copy of resolution covering opening, appointing of authorised representative and operating of account.
  • For authorised representative, proof of residential address, for example, water and electricity bill (not older than three months), current lease agreement.
  • For authorised representative, copy of valid identity document (if resident) or passport (if foreigner).
  • For all members of CCs, copy of valid identity document (if resident) or passport (if foreigner) and registration documents for legal entities.
  • Details of all members of CC (name; date of birth; identity number; residential address and contact details).
  • Proof of income tax number and Vat registration number, for example, copy of an official document issued by the South African Revenue Services.
  • CC letterhead.
  • Cancelled cheque or a copy of CC bank statement (not required for South African Standard Bank current or savings account customers). The name of the bank account must correspond with the applicant's details.
PARTNERSHIPS OR STOKVELS
  • Copy of partnership agreement, constitution or founding agreement (as appropriate).
  • Copy of resolution covering opening, appointing of authorised representative and operation account.
  • For authorised representative, documentary proof of residential address, for example, water and electricity bill (not older than three months), or current lease agreement.
  • For authorised representative, copy of valid identity document (if resident) or passport (if foreigner).
  • For all partners or members (as appropriate), copy of valid identity document (if resident) or passport (if foreigner) and registration documents for legal entities.
  • Details of all partners or members (as appropriate) (name; date of birth; identity number; residential address; tax number and contact details)
  • Cancelled cheque or a copy of partnership or stokvel bank statement (not required for South African Standard Bank current or savings account customers). The name of the bank account must correspond with the applicant's details
TRUSTS
  • Copy of trust deed or other founding documentation.
  • Copy of letters from the Master of the Court on registration of trust and appointment of trustees.
  • Copy of resolution covering opening, appointing of authorised representative and opening of account.
  • For authorised representative, documentary proof of residential address, for example, water and electricity bill (not older than three months) or current lease agreement.
  • For authorised representative, copy of valid identity document (if resident) or passport (if foreigner).
  • For all trustees, beneficiaries and founders of trust, copy of valid identity document (if resident) or passport (if foreigner) and registration documents for legal entities.
  • Details of all trustees, beneficiaries and founders of trust (name; date of birth; identity number; residential address and contact details).
  • Proof of income tax number, for example, copy of an official document issued by the South African Revenue Services.
  • Cancelled cheque or a copy of the trust bank statement (not required for South African Standard Bank current or savings account customers). The name of the bank account must correspond with the applicant's details.
Where can Jozibonds be purchased?
  • South African Post Offices in Gauteng
  • Standard Bank financial consultants
  • A JSE broker
The process
  • Complete the application form contained in the brochure and hand it over with the required documentation.
  • No money is required as the funds will be debited directly from the bondholder's bank account.
  • Within one month, the bondholder will receive confirmation of the purchase of Jozibonds.
  • Statements will be issued to bondholders on a quarterly basis.
Primary Offering
In the primary offering, opening 18 July and closing 08 August 2007, the Jozibonds may be subscribed for in the following ways:
  • through the Post Office branches in Gauteng; or
  • through any JSE broker

Post Office Purchases: Jozibonds can be purchased through the Post Office in Gauteng by completing an application form and completing a debit authorisation form. You will need to produce a valid ID book (if you are a permanent resident of RSA) or a valid passport with a valid RSA temporary residence permit (if you are not a permanent resident of RSA) and proof of bank account in a South African bank in your name before the Post Office will accept your application form. Should you not hold an existing bank account, the Post Office teller will assist you in opening a bank account with Postbank provided that you shall bear the costs and charges related to the opening and maintenance of the account. You will be issued with a receipt confirming submission of your application through the Post Office. Should your application be successful, within one month you will receive a confirmation of your purchase.

JSE Broker Purchases: In the primary offering, Jozibonds may be subscribed for through any JSE broker by giving the broker the necessary instructions. Potential investors must comply with their brokers' requirements with respect to the subscription process, particularly cut-off dates. No brokerage or Uncertificated Securities Tax is payable by the investors in the primary offering. The Jozibonds will be listed on the JSE. Should your application be successful, within one month you will receive a confirmation of your purchase.

Secondary Market
The Jozibonds will be listed on the JSE. At any time after the primary offering and before the maturity date, existing investors may buy and sell through their JSE broker or if they initially purchased through the Post Office, through the Call Centre. New potential investors may buy Jozibonds through their JSE broker or through Post Office outlets in Gauteng. No Uncertificated Securities Tax payable by the investor in respect of secondary market trading of Jozibonds. All bondholders who purchase Jozibonds through the Post Office will pay a penalty fee of not less that 150 basis points should they sell their Bonds prior to the Bond's maturity date.

The process

  • Complete the application form contained in the brochure and hand it over with the required documentation.
  • No money is required as the funds will be debited directly from the bondholder's bank account.
  • Within one month, the bondholder will receive confirmation of the purchase of Jozibonds.
  • Statements will be issued to bondholders on a quarterly basis.

 

Pricing
Tenure 2 year Jozibond 3 year Jozibond 5 year Jozibond
Minimum investment amount R 1000 R 1000 R 1000
Interest rate Three-month JIBAR + 5 basis points Three-month JIBAR + 25 basis points Three-month JIBAR, + 40 basis points
NACQ* 9.92% 10.12% 10.27%
Interest Payment Dates September, December, March and June commencing December 2007 September, December, March and June commencing December 2007 September, December, March and June commencing December 2007
Listing and Trading JSE Main Board JSE Main Board JSE Main Board
Market Maker Standard Bank Standard Bank Standard Bank
NACQ (Nominal annual compounded quarterly)
*As at 23 July 2007

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