Afrifocus Securities (Ptv) Ltd acts as a referral agent for the Nedbank Corporate Saver account.
The following range of investment options are available to suit your needs:
Call deposits:
Funds immediately accessible
Competitive interest rates
No minimum deposit;
Additional deposits can be made into the investment.
32-day notice deposits:
Competitive interest rates
Funds available after 32 days’ notice
No minimum deposit
Additional deposits can be made into the investment.
Fixed deposits:
From 7 days to 365 days
Competitive interest rates
Various interest distribution options
Automatic maturity to call at end of term
No minimum deposit
No additional deposits allowed
Prime-linked deposits:
6-month & 12-month fixed deposit options;
Competitive interest rates;
No minimum deposits
No additional deposits allowed
Interest Rate:
The interest rates are determined by the Monetary Policy Committee’s repo rate.
Interest rates are confirmed daily by 10:30 and quoted on a nominal annual
compounded monthly (NACM) basis.
Nominal annual compounded monthly
(NACM) interest rates refer to the actual interest rates earned over one month.
Interest is accrued daily throughout the month and capitalised on the 1st of each month.
Rates are gross of fees.
Our fees:
Our monthly fee is 1% of the interest earned during the month excluding VAT, chargeable monthly in arrears.
All client funds invested on the Corporate Saver platform, via Afrifocus, are placed with Nedbank Treasury department. As all client accounts are opened separately on the platform, no pooling of funds occurs.
Income TAX:
Income tax is payable on interest earned.
Nedbank will submit tax information directly to SARS and Afrifocus can provide annual
IT3(b) income tax certificates directly to the client via email.
Access to Investments:
A monthly statement of your investment will be sent to you directly via email. Online access to your portfolio can also be arranged via Coin.
