Woolworths is one of the most famous retail stores in South Africa. It can be found in most cities and has millions of customers. This is a guide on how to buy Woolworths shares.
Register with a broker
The first thing you have to do is to find a broker, there are many brokers in South Africa. A broker acts as a middleman that between you and the company you want to buy shares from. I recommend using EasyEquities, a broker that was specifically made for beginners. It doesn’t charge a lot of fees that are charged by other brokers and everyone can use it, even someone with only R100 to invest.
Creating an EasyEquities account usually takes a few minutes if you are a Capitec Bank client. After successfully creating an account, you will get a demo account with R100k, which you can use to practice buying and selling shares.
From your EasyEquities dashboard, do the following.
- Tap on “invest”.
- Select the account you want to invest with.
- Search for “Woolworths” and click on it.
- Tap on “buy now”
- Enter the amount of money you want to buy with.
- Confirm your transaction.
Woolworths Holdings Limited has produced good returns recently, it’s up 63% within the last 12 months at the time of writing this article. However, it’s down 17% since 2014, which means it has lost money in the long term.
This was a guide on how to buy shares at Woolworths. Do you have any thoughts or questions? Comment below.