The Soweto uprising taught us that young people can change history. The numbers suggest that can happen again if the youth show up for the next election, writes Melanie Verwoerd.

First National Bank FNB seems to be ahead of the pack in terms of offering you a variety of investment products to suit your appetite and wallet.

The only bank that does not seem to be offering clients any type of support in the form of education around share investing is Absa, which also seems to be the most expensive with the highest minimum brokerage fee of R per trade. Note that you do not have to bank with a particular bank to open a share trading account with it. But you will have to satisfy Financial Intelligence Centre Act Fica requirements as with any other financial transaction.

FNB offers you three different share trading options? Share Saver, Share Builder and Share Investor. You can choose the option that suits you. FNB conducts biannual consumer education seminars with the JSE for its clients who want to learn more about investing and what to look for in a share.

This option makes regular monthly investments in the top JSE-listed shares. This is an easy, no-fuss way to invest in shares without having to make difficult choices about which share you want to invest in.

In essence, you are investing in the top JSE shares so this is very similar to an exchange-traded fund ETF. The fee is calculated on an annual basis but charged monthly. It is based on the market value of your portfolio as follows:. Investor protection levy of 0. This is not applicable for trades delayed to the first trading day of the month.

This fee also only applies to trades on the same day. If you feel up to making choices, you can opt for Share Builder, which allows you to choose from a basket of 24 preselected blue-chip shares as well as Krugerrands. For the more experienced investor, FNB offers the Share Investor option, which allows you to build an investment portfolio from the entire range of shares available on the stock market. Standard has been offering clients online share trading for at least 15 years and it has extensive experience in the field.

You can trade online or via telephone. But you have the entire stock market at your disposal, which might be a bit daunting for the first-time investor. To address this, the bank offers national educational road shows, webinars, YouTube videos and interactive online tutorials for clients.

The Standard Bank fee structure seems to be quite favourable.

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Your first calendar month is free and if you do three or more trades in a calendar month, the account maintenance fee of R60, including VAT, falls away. The brokerage fee is 0. If you want to trade via telephone, there is an additional fee of R If you open your trading account through a portfolio manager, you will be charged a one-off account opening fee of R If you have owned shares for a very long time i.

There is a quarterly administration fee of R and a one-off fee of R if you close the trading account. The brokerage fee is based on a tiered scale as follows:. Absa offers you share trading via its online banking and through a stockbroker. To use the stockbroking service you will have to go to www.

An annual administration fee of R This fee is waived if you trade at least five times during the calendar year. Contributions of words or more will be considered for publication. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment. E-mail Alerts The latest headlines in your inbox. RSS feeds News delivered really simply.

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