MyMoney Online

MTN to sell shares to black investors at a nearly 20% discount

If you bought Zakghele when it commenced you would’ve earned a 205% return. A normal MTN share would’ve returned about 70%.

Craig Gradidge

The minimum investment requirement is R2000.

Sydney Mhlarhi

MTN will sell shares worth R9.9 billion – a 4% stake - to black investors to meet government quotas on black ownership.

Africa's biggest telecoms firm said the new black economic empowerment deal will launch through a public offering in September to replace an existing scheme that will expire in November.

MTN said it will sell the shares at R102.80 - a nearly 20% discount to Friday's closing price.

The Money Show’s Bruce Whitfield interviewed Gradidge-Mahura Investments Financial Planner Craig Gradidge.

Gradidge spoke about the returns investors into MTN Zakghele would have got.

Whitfield also spoke to MTN Zakhele Spokesperson Sydney Mhlarhi.

Mhlarhi discussed the unwinding of to MTN Zakhele and the announcement of MTN Zakhele Futhi.

Listen to the audio below for more detail.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
Living together, but not married? Tips on arranging your finances…

Living together, but not married? Tips on arranging your finances…

Personal financial advisor Warren Ingram has advice on keeping the money side of the relationship healthy when shacking up.

Drowning in debt? You may be able to refinance (but there are pros and cons)

Drowning in debt? You may be able to refinance (but there are pros and cons)

Galileo Capital Financial Advisor Warren Ingram on "good debt", "bad debt", "neutral debt" and consolidation your debts into one.

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

Not sure which shares to buy? Bruce Whitfield interviews Gerbrand Smit, Chief Investment Officer at Nefg Fund Managers.

Don’t earn much? How to best invest tiny amounts...

Don’t earn much? How to best invest tiny amounts...

Earn peanuts, but want to start investing? You can now buy even tiny fractions of a share at a time. And it's very simple!

How to talk to your kids about money

How to talk to your kids about money

What does your behaviour teach them? The Money Show’s Bruce Whitfield interviews Certified Financial Planner Kim Potgieter.

3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

Cannon Asset Managers Portfolio Manager Samantha Steyn shares her stock picks of the week.

Popular articles
[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

Bad temper? 6 tips on how to keep your anger in check

Bad temper? 6 tips on how to keep your anger in check

Anger is a strong and natural emotion that everyone experiences every now and again. Here's how to manage your reactions.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?