Public competitions terms and conditions (Terms)
1.Name of promotional offerSwitch your Tax-Free Investment Account to Shyft (Offer)
2.PromoterThe Standard Bank of South Africa Limited (Standard Bank/We/Us/Our)
3.Offer start date and time00:00 on 6 August 2026
4.Offer end date of and time00:00 on 30 November 2026
5.

What we are offering

 

We will reimburse the first 100 participants for the transfer costs incurred when transferring an existing Tax-Free Investment Account held with another registered service provider to a Shyft Tax-Free Investment Account, up to a maximum reimbursement amount of R500 per qualifying transfer.
 

6.Who qualifies for the Offer

 

A participant must:
6.1    be 18 years of age or older;
6.2    be a resident of the Republic of South Africa; and
6.3    hold an existing Tax-Free Investment Account with a financial services provider other than Shyft. 
 

7.Who does not qualify for the Offer 


A person will not qualify for this Offer if, on the Start Date, they already hold a Shyft Tax-Free Investment Account.

8.How to accept the Offer 

The participant must 


8.1    Complete and sign the Shyft Tax-Free Investment Account Transfer Form.
8.2    Email the signed Transfer Form, together with any required supporting documents, to SBGShareTransfers@standardbank.co.za. 
8.3    Once we receive your signed Transfer Form, we will process your transfer instruction with your existing tax-free investment provider.
8.4    We will notify you once the transfer has been successfully completed and your Tax-Free Investment Account with Standard Bank has been established.
 

9.How many times you can accept the OfferOnce 
10.How you will receive the Offer

 

  • Reimbursements will occur via the participants ZAR wallet and not their Shyft Tax-Free Investment Account.
  • Reimbursements will occur after the participant’s submission of proof of transfer. 
     
11.Other terms Shyft reserves the right to verify the eligibility of participants.
  1. GENERAL 

    1. Please read the Terms carefully and pay special attention to the clauses that are in bold, as they may limit our liability (responsibility) or involve some risk to you.

    2. We are the promoter of the Offer. Any reference to we/us/our includes our sponsors and agents, depending on the context.

    3. By participating in the Offer, you agree to be bound by:

      1. the Terms;

      2. the terms and conditions of any of our products or services that you sign up for as part of the Offer; and

      3. any supplier terms and conditions (if applicable).

    4. The Terms apply to the Offer and to all information (including promotional or advertising material that is published) about the Offer. 

    5. We must process your personal information to make the Offer available to you. Protecting the privacy, confidentiality and security of your personal information is very important to us.  You may access our privacy statement on: https://www.standardbank.co.za/southafrica/personal/about-us/legal/privacy-statement for more information on: how we process your personal information, your privacy rights and how the law protects you. If you do not agree, please do not participate in the Offer.

    6. We are not responsible for any loss or damage which you or any third party may suffer because you took up the Offer.

    7. We are not responsible if you are not able to take up the Offer for any reason, including an interruption in services or a technological failure.

    8. We reserve the right to amend the Terms.

    9. We can end the Offer with immediate effect with or without notice to you. If this happens, you waive (give up) any rights you may have against us and you will have no claim against us.

    10. If there is a dispute in respect of the Terms or the Offer, our decision is final and binding and no correspondence will be entered into.

    11. The Offer is a standalone Offer and you are not permitted to use it together with any other offer or campaign promoted by us for the purpose of getting more benefits.