Selling MTN Shares – How do I sell my shares?
Selling MTN Shares – How do I sell my shares? A Step-by-Step Guide on how to sell MTN and MTNZF Shares – Revealed.
| 🔎 Company | 🥇 MTN |
| 📌 Type | Public |
| 📍 Traded as | JSE: MTN |
| ⚙️ Industry | Telecommunications |
| ✅ Founded | 1994 |
| ☑️ Headquarters | Johannesburg, South Africa |
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Selling MTN Shares – 3 Key Point Quick Overview
- ✅ When do investors typically decide to sell their MTN shares?
- ✅ How to sell MTN (JSE: MTN) shares – Step by Step
- ✅ How to sell MTN Zakhele Futhi (JSE: MTNZF) shares – Step by Step
When do investors typically decide to sell their MTN shares?
Although a lot is written about picking the right time to acquire stocks, it is just as crucial to have a plan for when to sell them. When deciding whether to acquire or sell an investment, investors should consider their risk tolerance and cash flow needs, among other things.
Those who own MTN and MTNZF shares typically sell their shares for the following reasons:
- To rebalance a portfolio. Many factors might lead to a portfolio being imbalanced or mismatched with the investor’s objectives. For example, marriage, divorce, retirement, having children, or simply random chance may all lead to a sudden and unexpected concentration of wealth in one area.
- To free up cash or other resources. For example, a down payment on a home, startup capital, medical bills, or a well-deserved vacation are all plausible uses for the funds.
- Many traders employ predetermined price goals that indicate a time to sell MTN shares. For example, at the time of acquisition, investors who use the method often set a price range within which they want to sell the stock.
- Investors have identified other investments that provide a higher potential return.
- Technical analysts and chartists employ a variety of indicators to examine stock price movements and set a planned sell signal. Once this signal notifies the trader, they sell their MTN / MTNZF shares.
How to sell MTN (JSE: MTN) shares- Step by Step
Regardless of the reason for selling MTN shares, the process involved is like when investors purchase shares. MTN shares cannot be sold directly to MTN or the JSE as neither entity deals with the direct trading of shares. With the process reversed, investors must use the services of the stockbroker through whom they purchased their MTN shares.
- Log into the trading account that you established with your stockbroker or contact your stockbroker directly to help you with the sale telephonically.
- Decide on the number of MTN shares that you wish to sell.
- View the transaction and broker fees involved with the sale.
- Place the sell order with your broker and wait for it to be finalized.
- Once the shares have been sold, you can withdraw the funds from your account, given that you have enough after subtracting transaction fees.
- Investors in South Africa must remember that capital gains tax applies when selling shares. The gain is calculated according to the difference between the proceeds and the option cost. The final number is then multiplied by the number of shares you sold. The gains tax percentage that investors can expect ranges from 18% to 40%, depending on the level of taxable income.
How to sell MTN Zakhele Futhi (JSE: MTNZF) shares – Step by Step
MTN Zakhele Futhi shareholders may choose one of the following trading choices to keep, purchase more, or sell their shares:
- The Facilitated Trading Process.
- The Independent Trading Process.
MTN Zakhele Futhi has chosen Nedbank Private Wealth Stockbrokers (NPW) as its preferred broker for trading its shares on the Johannesburg Stock Exchange (JSE). The “Facilitated Trading Process” indicates that shareholders will use NPW as their broker to keep, purchase more, or sell MTN Zakhele Futhi shares. Furthermore, one advantage of this arrangement is that MTN Zakhele Futhi pays for shareholders’ share custody charges. The “Independent Trading Process” is for MTN Zakhele Futhi shareholders who want to hold or trade their shares via their broker or agency. However, investors must remember that MTN Zakhele Futhi does not subsidize this option.
Frequently Asked Questions
How can I claim my MTN Zakhele Futhi Shares?
You can call the MTN Zakhele call center to obtain assistance in claiming your shares and obtaining your unique MTN Zakhele Shareholder number.
Can I sell my MTN shares without a broker?
You cannot sell MTN shares without using a licensed and regulated stockbroker within your country of residence.
How do I sell my MTN shares online?
You can sell your MTN shares through your stockbroker or via your bank.
Can I sell my MTN Zakhele Futhi Shares?
You can sell your MTN Zakhele Futhi shares through the facilitated or independent trading process via Nedbank.
When can I sell my MTN Zakhele Futhi shares?
During the first three years of the Empowerment Period, also known as the minimum investment period, you are not permitted to sell or otherwise dispose of your MTN Zakhele Futhi Shares in any way.
However, between years 4 and 8, you can sell or dispose of your MTNZF Shares to other Eligible MTNZF Shareholders.
