Fees
Student Membership
Students of the SAIS are classified as members of the SAIS i.e. student members. In recent years, students have not had to pay annual fees. This has also meant that they have not received any services from the SAIS, other than when they are writing examinations. As of 2021, will institute a nominal student membership fee. This will give students access to the SAIS mailers, with information relevant to their studies, careers and provide articles of interest. The annual student membership fee will also acclimatise students to paying annual membership fees, which will remain a requirement when they become Associate or Affiliate members of the SAIS.
| ITEM | 2024 Fee (incl. VAT) |
|---|---|
| Individual Members | |
| Associate Stockbroker | R 6 973.00 |
| Affiliate Stockbroker | R 6 973.00 |
| Retired Stockbroker | R 2 790.00 |
| Student Member | R 266.00 |
| Corporate Members | |
| Corporate Member | R 213 210.00 |
| Corporate Member - Top Ten | R 355 350.00 |
| ITEM | 2024 Fee (incl. VAT) |
|---|---|
| Workplace Provider | |
| Workplace provider application fee this is a once off fee for the workplace (employer) |
R 7 756.00 |
| Workplace provider monitoring fee annual fee |
R 4 998.00 |
| Learner | |
| EISA exam fee per learner |
R 7 400.00 |
| ITEM | 2024 Fee (incl. VAT) |
|---|---|
| CPD Providers | |
| CPD Provider Application | R 5 670.00 |
| CPD Provider Annual Renewal | R 3 969.00 |
| CPD Programme Approval | R 1 134.00 |
| CPD Programme Approval - multiple days per day |
R 964.00 |
| *Corporate Member: CPD Programme Approval (after first 10 applications) | R 531.00 |
| *Corporate Member: CPD Programme Approval - multiple days per day (after first 10 applications) |
R 427.00 |
| SAIS CPD Courses | |
| Non-member course registration | R 1 134.00 |
| SAIS member course registration | - |
*Corporate Member Discounts
- Corporate members will receive the first 10 events for free as providers.
- Corporate members will receive a discount on the provider application and programme fee.
- Corporate members will receive a 10% discount per course for the first 10 non-members.
| PROFESSIONAL STOCKBROKER EXAMS | 2024 Fee (incl. VAT) |
|---|---|
| Finance Exam | R 7 585.00 |
| Investment Advice & Portfolio Management (IAPM) Exam | R 7 585.00 |
| Legislation Exam | R 7 585.00 |
| Rules Part 1 Exam | R 7 585.00 |
| Rules Part 2 Exam | R 7 585.00 |
| Taxation in Financial Markets Exam | R 7 585.00 |
| Exemptions |
|
|---|---|
| Application for exemption from the Finance Exam | R 1 874.00 |
| Application for exemption from the IAPM Exam | R 1 874.00 |
| FINANCIAL MARKETS PROFESSIONAL REGULATORY RECOGNITION EXAMS | 2024 Fee (incl. VAT) |
|---|---|
| Clearing Officer: Derivatives | R 5 000.00 |
| Compliance Officer: Debt | R 5 000.00 |
| Compliance Officer: Derivatives | R 5 000.00 |
| Compliance Officer: Equities | R 5 000.00 |
| Portfolio and Investment | R 5 000.00 |
| Settlement and Administration: Debt | R 5 000.00 |
| Settlement and Administration: Equities | R 5 000.00 |
| Trader: Debt | R 5 000.00 |
| Trader: Derivatives | R 5 000.00 |
| Trader: Equities | R 5 000.00 |