What happens if you die?
If you pass away, your shares will be transferred to your heirs who must be a Black Person or Black controlled entity as defined in the B-BBEE Codes. If your beneficiary is not Black, your shares will be sold and the proceeds after tax will be paid to your listed beneficiary.
In the event of your death, the Executor of your Estate will need to inform Computershare of your death.
Computershare will need the following original certified copies of all documents or the original of all documents (not older than 3 months):
- Death certificate
- Executor’s appointment letter and ID
- Executor’s proof of residential address
- Last Will and Testament, if a Will was made
- Deceased’s ID document
- Bank stamped account confirmation letter