Strate is South Africa's Central Securities Depository. It is an FSB-licensed financial market infrastructure that owns technology to securely hold equities, bonds and money market securities in electronic form so that buyers and sellers can exchange ownership of these securities once they are successfully traded.
Given that records are electronic, rather than transferring physical certificates, Strate records the transaction via book entry. This shareholder database held at Strate is recognised as the legal record of ownership in South Africa.
Strate is an independent company, serving multiple stock exchanges in South Africa as well as their respective issuer clients.