Shoprite is one of the biggest brands in South Africa. The company has stores all over the country and is the primary supermarket for a lot of South Africans. This is a guide on how to buy shares in Shoprite.
Register with a broker
The first thing you have to do is to register with a broker. A broker acts as an intermediary that allows you to buy shares in companies. There are many brokers in South Africa, the most beginner friendly one is EasyEquities, you can open it right from your Capitec app or download the app from the app store and register. All you need is your identity details and a working email address.
On the home page of your EasyEquities app do the following.
- Tap on invest.
- Select the account you want to invest with.
- Locate the search bar and type “Shoprite”.
- Click on Shoprite to open it.
- Tap on “buy”.
- Enter the amount of money you want to buy with.
That’s how easy it is to buy shares on Shoprite using EasyEquities, you should have enough money to buy at least one share of the company. At the time of writing this post, one share of Shoprite Holdings Limited (SHP) is currently R157 per share. You have to have enough to money to at least buy 1 share ideally but EasyEquities does allow to invest in a fraction of a share.
Conclusion
This was a guide on how to buy shares in Shoprite. Do you have any thoughts or questions? Comment below.
