Margin requirements

Initial Margin required for local CFD trading sits at an average of around 10% of exposure per CFD for the most liquid shares. Below is a typical margin list, accurate as on date of writing (May 2016). There is now a CFD an almost every JSE share, a total of around 370 below. The +-50 most liquid shares carry a 10% margin, the next +-70 shares sit at 15% margin, and the remainder (around 250 shares) sit at 30-35% or more.

SecCode Description Mgn% ShortSell Last
ABL African Bank Inv Ltd 100 Y 31
ABLP African Bank Inv Ltd 100 Y 780
ABSP ABSA BANK LTD PREF 35 Y 77650
ACE Accentuate Limited 35 Y 80
ACG Anchor Group Limited 35 Y 1400
ACL ArcelorMittal SA Lim 30 Y 875
ACT AfroCentric Inv Corp 35 Y 545
ADE AdBEE (RF) Limited 35 Y 2810
ADEO Adcock Ingram Hldgs 30 Y 316
ADH ADVTECH LTD 30 Y 1369
ADI Adaptit Holdings Lim 35 Y 1147
ADR Adcorp Holdings Limi 30 Y 1420
AEE African Equity Emp I 30 Y 300
AEG Aveng Group Limited 30 Y 395
AEGCB Aveng Group Limited 35 Y 660000
AEL Allied Electronics C 35 Y 597
AEN Allied Elec Corp N 30 Y 599
AER Amalgamated Elec Cor 35 Y 350
AFE AECI Limited 15 Y 8867
AFH Alexander Forbes Grp 15 Y 740
AFT Afrimat Limited 30 Y 2151
AFX African Oxygen Limit 30 Y 1739
AGL ANGLO AMERICAN PLC 10 Y 12919
AIA Ascension Prop Ltd A 30 Y 401
AIP Adcock Ingram Hldgs 15 Y 4177
ALH Alaris Holdings Ltd 35 Y 175
ALM ALLIANCE MINING CORP 35 Y 0
ALP Atlantic Leaf Prop L 35 Y 2210
AME African Media Ent Lt 35 Y 7440
AMS Anglo American Plat 10 Y 36275
ANB Anheuser-Busch InBev 30 Y 193000
ANG Anglogold Ashanti Lt 15 Y 21320
APF Accelerate Prop Fund 30 Y 630
APK Astrapak Limited 35 Y 425
APKP Astrapak Limited Pre 35 Y 7020
APN Aspen Pharmacare Hld 10 Y 31800
ARA Astoria Investments 35 Y 1389
ARH ARB Holdings Limited 35 Y 500
ARI African Rainbow Min 15 Y 9251
ARL ASTRAL FOODS LTD 30 Y 12708
ART Argent Industrial Lt 35 Y 400
ASC Ascendis Health Ltd 35 Y 2169
ASR ASSORE LTD 15 Y 17808
ATL Atlatsa Resources Co 35 Y 66
ATT Attacq Limited 15 Y 1978
AVI AVI LTD 15 Y 8915
AVL Advanced Health Ltd 35 Y 183
AWA Arrowhead Properties 30 Y 834
BAT Brait SE 10 Y 14881
BAW BARLOWORLD LTD 15 Y 7250
BDM BUILDMAX LTD 35 Y 20
BEL BELL EQUIPMENT LTD 35 Y 1150
BGA Barclays Africa Grp 10 Y 13696
BIL BHP BILLITON PLC 10 Y 17625
BK1P BK One Limited Pref 35 Y 10
BLU Blue Label Telecoms 30 Y 1675
BRN Brimstone Inv Corp L 30 Y 1200
BRT Brimstone Inv Corp L 30 Y 1300
BSR Basil Read Holdings 35 Y 340
BTI British American Tob 10 Y 92574
BVT Bidvest Ltd 10 Y 35925
BWN Balwin Properties Lt 35 Y 775
CAT Caxton CTP Publish P 30 Y 1350
CCO Capital&Counties Pro 10 Y 7500
CFR Compagnie Fin Richem 10 Y 9733
CGR Calgro M3 Hldgs Ltd 35 Y 2055
CHP Choppies Enterprises 30 Y 520
CIL Cons Infrastructure 30 Y 2848
CKS Crookes Brothers Ltd 35 Y 5282
CLH City Lodge Hotels Lt 30 Y 15344
CLI CLIENTELE LTD 35 Y 1431
CLR Clover Industries Lt 30 Y 1888
CLS CLICKS GROUP LTD 15 Y 10179
CMH Combined Motor Hldgs 35 Y 1700
CML Coronation Fund Mngr 15 Y 6961
CMO CHROMETCO LTD 35 Y 8
CND CONDUIT CAPITAL LTD 100 Y 265
COH Curro Holdings Limit 15 Y 4088
COHN Curro Holdings Ltd N 35 Y 755
COM Comair Limited 35 Y 321
CPI Capitec Bank Hldgs L 10 Y 54727
CPIP Capitec Bank Hldgs P 30 Y 8610
CRP Capital & Regional P 30 Y 1420
CSB CASHBUILD LTD 30 Y 34300
CSP Chemical Specialitie 35 Y 10
CTA CAPITAL APPRECIATION 35 Y 96
CTK Cartrack Holdings Lt 35 Y 950
CVH Capevin Holdings Ltd 30 Y 902
CZA COAL OF AFRICA LTD 35 Y 66
DAW Distr and Warehousin 35 Y 415
DBXEU Db x-trackers DJ eu 15 Y 5217
DBXJP Db x-trackers MSCI J 15 Y 1132
DBXUK Db x-trackers FTSE 1 15 Y 13540
DBXUS Db x-trackers Col in 15 Y 2990
DBXWD Db x-trackers Col in 15 Y 2500
DCT Datacentrix Holdings 35 Y 489
DIA Dipula Income Fund A 35 Y 1000
DIB Dipula Income Fund B 30 Y 925
DLA Delta Africa Prop Hl 35 Y 1879
DLT Delta Property Fund 30 Y 679
DMC DIAMONDCORP PLC 35 Y 160
DNB Deneb Investments Lt 35 Y 175
DRD DRD Gold Ltd 35 Y 763
DST DISTELL GROUP LTD 15 Y 15655
DSY Discovery Ltd 10 Y 11680
DTA DELTA EMD LTD 35 125
DTC DATATEC LTD 15 Y 4204
EHS Evraz Highveld Steel 35 Y 165
ELI ELLIES HOLDINGS LTD 35 Y 61
ELR ELB Group Ltd 35 Y 1790
EMH E Media Holdings Ltd 35 Y 965
EMI Emira Property Fund 30 Y 1499
EMN E Media Holdings Ltd 35 Y 505
ENX enX Group LImited 35 Y 160
EOH EOH HOLDINGS LTD 15 Y 13205
EPS Eastern Platinum Ltd 35 Y 1050
EQS EQSTRA HOLDINGS LTD 30 Y 198
EQU Equites Prop Fund Lt 35 Y 1360
ESR Esor Limited 35 Y 24
ETFPLD AfricaPalladium Debs 30 Y 8870
EXX EXXARO RESOURCES LTD 15 Y 6927
FBR FAMOUS BRANDS LTD 15 Y 11057
FFA Fortress Inc Fund Lt 10 Y 1536
FFB Fortress Inc Fund Lt 10 Y 3600
FGL FINBOND GROUP LTD 35 Y 306
FSE Firestone Energy Lim 35 Y 6
FSR FIRSTRAND LTD 10 Y 4249
FSRP FIRSTRAND LTD B PREF 30 8600
FVT Fairvest Property Hl 35 Y 155
GAI Gaia Infrastruct Cap 35 Y 880
GBG GREAT BASIN GOLD LTD 35 Y 0
GBI Gold Brands Inv Ltd 35 Y 100
GDN Gooderson Leisure Co 35 55
GFI GOLD FIELDS LTD 15 Y 6174
GLD NEW GOLD ISSUER LTD 15 Y 18273
GLN Glencore plc 10 Y 2899
GND GRINDROD LTD 15 Y 1287
GNDP Grindrod Ltd Pref 30 Y 7950
GOLDEN IB GOLDEN ETN OCT17 100 Y 16400
GPL GRAND PARADE INV LTD 30 Y 353
GRF Group Five Ltd 30 Y 2310
GRT GROWTHPOINT PROP LTD 10 Y 2352
HAR Harmony GM Co Ltd 30 Y 4848
HCI Hosken Cons Inv Ltd 15 Y 11801
HDC Hudaco Industries Lt 30 Y 10178
HIL Homechoice Int plc 35 Y 2800
HLM Hulamin Ltd 35 Y 550
HPA Hospitality Prop Fun 30 Y 1100
HPB Hospitality Prop Fun 30 Y 304
HSP HOLDSPORT LIMITED 30 Y 6270
HUG HUGE GROUP LTD 35 Y 545
HUL Hulisani Limited 35 Y 1500
HWN Howden Africa Hldgs 30 Y 2600
HYP Hyprop Inv Ltd 15 Y 11665
IAP Investec Australia P 35 Y 1360
IHL Inter. Hotel Group L 35 Y 2200
ILU Indluplace Propertie 35 Y 990
ILV ILLOVO SUGAR LTD 15 Y 2424
IMP Impala Platinum Hlgs 15 Y 4756
ING Ingenuity Property I 35 Y 85
INL INVESTEC LTD 10 Y 10383
INLP Investec Bank Ltd Pr 30 8621
INP INVESTEC PLC 10 Y 10459
INPP INVESTEC PLC PREF 30 Y 9950
IPF Investec Property Fu 30 Y 1463
IPL Imperial Holdings Lt 15 Y 13303
IPLP Imperial Holdings Pr 30 Y 7800
ITE ITALTILE LTD 30 Y 1275
ITU Intu Properties plc 10 Y 6473
IVT INVICTA HOLDINGS LTD 30 Y 5199
IVTP Invicta Hldgs Ltd pr 35 Y 9800
IWE Interwaste Hldgs Ltd 35 Y 84
JBL JUBILEE PLATINUM PLC 35 Y 61
JSC Jasco Electron Hldgs 35 83
JSE JSE LTD 15 Y 16060
KAP KAP Industrial Hldgs 15 Y 631
KBO Kibo Mining plc 35 Y 100
KEH Keaton Energy Hldgs 35 Y 55
KIO KUMBA IRON ORE LTD 15 Y 8872
KST PSG Konsult Limited 15 Y 713
LAB LABAT AFRICA LTD 35 Y 32
LBH Liberty Holdings Ltd 15 Y 13211
LDO Lodestone REIT Limit 35 Y 690
LEW LEWIS GROUP LTD 15 Y 4719
LHC Life Healthc Grp Hld 15 Y 3618
LON Lonmin plc 30 Y 3350
MAS Masonite Africa Ltd 35 Y 2700
MDI Master Drilling Grp 35 Y 1500
MED Middle East Diamond 35 Y 25
MEI Mediclinic Int plc 10 Y 19125
MFI M-FiTec Int Ltd 35 Y 1100
MFL Metrofile Holdings L 35 Y 477
MIX MIX TELEMATICS LTD 30 Y 265
MMG Micromega Holdings L 35 Y 980
MMH Miranda Mineral Hldg 35 Y 4
MMI MMI Holdings Limited 15 Y 2233
MND Mondi Ltd 10 Y 28236
MNK Montauk Holdings Ltd 35 Y 1800
MNP MONDI PLC 10 Y 28461
MPT MPACT LIMITED 30 Y 4635
MRF MERAFE RESOURCES LTD 30 Y 90
MRP Mr Price Group Ltd 10 Y 17557
MRP Mr Price Group Ltd 10 Y 17557
MSM Massmart Holdings Lt 15 Y 11785
MSP MAS Real Estate Inc. 35 Y 2150
MST MUSTEK LTD 35 Y 624
MTA Metair Investments L 30 Y 2225
MTN MTN GROUP LTD 10 Y 13209
MUR Murray & Roberts Hld 30 Y 1290
NBKP Nedbank Ltd Pref 15 Y 920
NED NEDBANK GROUP LTD 10 Y 17176
NEP New Europe Prop Inv 15 Y 17817
NEWEUR NEWWAVE EURO ETN 12M 30 Y 1729
NEWGBP NEWWAVE GBP ETN 12MA 30 Y 2187
NEWPLT NEWWAVE PLAT ETN 12M 30 Y 15583
NEWUSD NEWWAVE USD ETN 12MA 30 Y 1518
NFTRCI NEWFUNDS TRACI 3-M E 30 Y 2053
NGPLD NewGold Palladium ET 30 Y 8800
NGPLT New Gold Platinum ET 15 Y 15739
NHM NORTHAM PLATINUM LTD 15 Y 4570
NIV Niveus Investments L 35 Y 2515
NPK Nampak Ltd 15 Y 2191
NPN NASPERS LTD -N- 10 Y 198300
NPNSBU SB NPN R1725PU900:1S 100 Y 23
NRL Newpark REIT Ltd 35 Y 650
NT1 NET 1 UEPS TECH INC 15 Y 17175
NTC NETCARE LIMITED 10 Y 3400
NUT Nutritional Holdings 35 Y 2
NVS Novus Holdings Limit 30 Y 1194
NWL Nu-World Hldgs Ltd 35 Y 2298
OAO OANDO PLC 35 Y 50
OCE OCEANA GROUP LTD 15 Y 11651
OCT OCTODEC INVEST LTD 30 Y 2324
OLG ONELOGIX GROUP LTD 35 Y 375
OML OLD MUTUAL PLC 10 Y 3768
OMN OMNIA HOLDINGS LTD 15 Y 13583
PAN Pan African Resource 30 Y 331
PCT Prescient Limited 35 107
PET PETMIN LTD 35 Y 111
PFG Pioneer Foods Group 15 Y 16626
PGFP PSG Financial Serv P 30 Y 7700
PGL PALLINGHURST RES LTD 30 Y 315
PGR Peregrine Holdings L 30 Y 2779
PHM Phumelela Game Leisu 35 Y 1950
PIK Pick n Pay Stores Lt 15 Y 7475
PIV The Pivotal Fund Ltd 30 Y 1721
PKH Protech Khuthele Hld 35 17
PMV PRIMESERV GROUP LTD 35 52
PNC Pinnacle Hldgs Ltd 30 Y 1531
PPC PPC Limited 15 Y 1469
PPE Purple Group Ltd 35 Y 56
PPR PUTPROP LTD 35 600
PSG PSG Group Ltd 10 Y 18200
PSV PSV HOLDINGS LTD 35 Y 45
PTXSPY CoreShares PropTrax 35 Y 6525
PWK Pick N Pay Holdings 15 Y 3067
QFH Quantum Foods Hldgs 35 Y 270
RBA RBA HOLDINGS LTD 35 Y 74
RBP Royal Bafokeng Plati 30 Y 4115
RBX RAUBEX GROUP LTD 30 Y 1904
RCL RCL Foods Limited 15 Y 1378
RDF Redefine Properties 10 Y 1134
REB Rebosis Property Fun 30 Y 1037
REI Reinet Investments S 10 Y 3329
REM REMGRO LTD 10 Y 24472
REN Renergen Limited 35 Y 1575
RES Resilient REIT Limit 15 Y 12916
RFG Rhodes Food Grp Hldg 30 Y 2248
RLF Rolfes Technology Hl 35 Y 280
RLO Reunert Ltd 15 Y 7134
RMH RMB HOLDINGS LTD 10 Y 5297
RMI Rand Merchant Inv Hl 10 Y 4012
RNG Randgold & Expl Co L 35 Y 250
ROC Rockcastle Global Re 15 Y 3565
RPL Redefine Internation 15 Y 1020
RTN Rex Trueform Cl Co – 35 1200
S32 South32 Limited 30 Y 1733
SAB SABMILLER PLC 10 Y 92333
SAC SA Corp Real Estate 30 Y 488
SAH South African Coal M 35 Y 17
SAN SANYATI HOLDINGS LTD 35 Y 21
SAP SAPPI LTD 15 Y 6820
SAR Safari Investments R 35 Y 730
SBAOIL SB WTI OIL ETN 30 Y 1069
SBAPL1 PlatinumCommodity-Li 30 Y 13318
SBK Standard Bank Group 10 Y 11683
SBPP Standard Bank Group 15 Y 8700
SCL Sacoil Holdings Ltd 35 Y 24
SCP Stellar Cap Partners 35 Y 194
SEP Sephaku Holdings Ltd 35 Y 465
SFN SASFIN HOLDINGS LTD 35 Y 5700
SGA Synergy Inc Fund Ltd 35 Y 1175
SGL Sibanye Gold Limited 15 Y 5016
SHFF Steinhoff Inv Hldgs 30 Y 7900
SHFSBD SB SHF 8000CD 25:1JU 100 Y 38
SHP Shoprite Holdings Lt 10 Y 16531
SHPCB Shoprite Investments 30 Y 1050002
SLM Sanlam Limited 10 Y 6423
SNH Steinhoff Int Hldgs 10 Y 8871
SNH Steinhoff Int Hldgs 10 Y 8871
SNHSBA SB SNH 7700CA 25:1SE 100 Y 66
SNT Santam Limited 15 Y 22900
SNU SENTULA MINING LTD 35 Y 19
SNV Santova Logistics Lt 35 Y 403
SOH South Ocean Holdings 35 36
SOL Sasol Limited 10 Y 44532
SOV Sovereign Food Inv L 35 Y 701
SPG SUPER GROUP LTD 15 Y 4085
SPP THE SPAR GROUP LTD 15 Y 21048
SRE Sirius Real Estate L 30 Y 805
SSK Stefanuti Stck Hldgs 35 Y 450
SSS Stor-Age Prop REIT L 35 Y 970
STP Stenprop Limited 30 Y 2535
STX40 Satrix 40 Portfolio 10 Y 4585
STXDIV Satrix DIVI Plus Por 30 Y 202
STXFIN Satrix FINI Portfoli 30 Y 1489
STXIND Satrix INDI Portfoli 10 Y 7080
STXRAF Satrix RAFI 40 Portf 30 Y 1140
STXRES Satrix RESI Portfoli 30 Y 3049
STXSWX Satrix SWIX Top 40 P 10 Y 1031
SUI Sun International Lt 15 Y 7115
SUR SPUR CORPORATION LTD 30 Y 3230
SVB Silverbridge Holding 35 Y 165
SYG Sygnia Limited 35 Y 2070
TAS Taste Hldgs Ltd 35 Y 250
TBG Tiso Blackstar Group 35 Y 870
TBS Tiger Brands Ltd 10 Y 34240
TCP Transaction Capital 30 Y 1101
TCS Total Client Service 35 Y 1
TDH TRADEHOLD LTD 30 Y 3350
TEX Texton Property Fund 35 Y 850
TFG The Foschini Group L 15 Y 14252
THA Tharisa plc 35 Y 750
TKG Telkom SA SOC Ltd 15 Y 5615
TMT Trematon Capital Inv 35 Y 315
TON TONGAAT HULETT LTD 15 Y 10948
TOPDWZ DB TOP 4800PZ 0002 J 100 Y 452
TOPSBZ SBTOP40000PZ0002SEP1 100 13
TOPSKG SBTOP40500CKG002DEC1 100 Y 1225
TOPSKI SBTOP44000CKI002DEC1 100 Y 550
TOPSKQ SBTOP49000PKQ002DEC1 100 Y 683
TOR Torre Industries Lim 35 Y 270
TPC TRANSPACO LTD 35 2400
TRE TRENCOR LTD 15 Y 4302
TRL Trellidor Hldgs Ltd 35 Y 476
TRU Truworths Int Ltd 15 Y 10388
TSH Tsogo Sun Holdings L 15 Y 2577
TSX TRANS HEX GROUP LTD 35 Y 400
TTO Trustco Group Hldgs 30 Y 395
TWR Tower Property Fund 35 Y 820
UBNPNB UBS NPN ex TEN B 22S 15 Y 38533
VKE Vukile Property Fund 15 Y 1666
VLE VALUE GROUP LTD 35 Y 334
VOD Vodacom Group Ltd 10 Y 16622
VUN VUNANI LTD 35 Y 160
WBO Wilson Bayly Hlm-Ovc 15 Y 11327
WEA WG Wearne Ltd 35 Y 12
WEZ WESIZWE PLATINUM LTD 35 Y 52
WHL Woolworths Holdings 10 Y 8707
WHLSBC SB WHL 8800CC 35:1NO 100 Y 39
WKF Workforce Holdings L 35 Y 126
WNH Winhold Ltd 35 Y 100
WSL WESCOAL HOLDINGS LTD 35 Y 162
YRK York Timber Holdings 35 Y 273
ZCI ZCI Limited 35 Y 398
ZED Zeder Inv Ltd 15 Y 657
ZPLP Zambezi Plat RF Ltd 35 Y 4500

 

 

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