Why Invest in Shares?
- Possibility of high returns in the form of dividend and capital gain
- Shares can be mortgaged for a bank loan
- Shares can be easily transferred to a friend or relative as a gift or inheritance
- A chance of becoming a company shareholder - right to attend AGM and vote
- Undisputed evidence of ownership - Depository receipt
- Requires less administration costs and time
How to Buy Or Sell Shares/Securities
Requirements for CDS Accounts
Clients must have a CDS Account with DSE CSD. There is no fee for opening a CDS Account, and the requirements are as follows:
For Individual Investors:
- Depository Account application form - Individual
- Duly filled Client Information form plus a copy of ID/or Passport
For a Corporate/Company:
- A copy of Certificate of Incorporation
- Copies of Company's Directors IDs
- A copy of MEMARTS
- Depository Account application form - Body Corporate
Requirements for Purchasing of Shares
For Individual Investors
- Duly filled and signed purchase order form
- A deposit of money with Tanzania Securities
- Duly filled client Information form plus a copy of ID or passport
For Corporate/Company
- A duly filled and signed purchase order form
- A deposit of money with Tanzania Securities
- Copy of Certificate of Incorporation/Registration
Requirements for Selling of Shares
For Individual
- Original Depository receipt submitted to the broker
- Duly filled and signed sell order form - signed by the shareholder
- Payment details
For Corporate/Company
- Original Depository certificate submitted to the broker
- Duly filled and signed sell order form-signed by company director(s)
- Letter from the company authorizing the sale of shares
Note:
- Brokerage commissions and Regulatory fees will be charged as per the CMSA's approved fee structure
- Bank charges may apply for interbank transfers
