Another chance to buy MTN's BEE Zakhele Futhi shares

MTN has extended the application deadline for black investors to purchase MTN Zakhele Futhi shares due to the high number of applications.

Investors have been invited to invest in the new BEE (Black Economic Empowerment) scheme at R20 per share. Shareholders of the previous BEE scheme (MTN Zakhele) who are interested in purchasing shares in the new scheme are welcome to apply for a minimum of 50 Zakhele Futhi shares.

702's John Robbie spoke to MTN Group Executive of Corporate Affairs, Chris Maroleng, who explained how the scheme works and who benefits.

Interested applicants can visit any Nedbank branch to collect a prospectus and fill out forms to participate.

Listen to the interview below:

The minimum investment amount is R2 000. This gives historically disadvantaged investors exposure to an asset or an investment in the growth stock in the ICT or technology environment.

Chris Maroleng, MTN Group Executive of Corporate Affairs

Recommended

by NEWSROOM AI
Read More
Major medical breakthrough: New gene pegged as cause of heart attacks in youth

Major medical breakthrough: New gene pegged as cause of heart attacks in youth

This is being called the biggest medical advancement in South African cardiology since Dr Chris Barnard's first heart transplant.

Parents urged to check tertiary institutions are legit before registering kids

Parents urged to check tertiary institutions are legit before registering kids

The Council on Higher Education says parents need to be wary of the increasing number of fly-by-night tertiary institutions.

New app to detect hearing loss

New app to detect hearing loss

University of Pretoria has developed a new app which uses a smartphone to detect hearing loss.

UK prison officers manage to quell mass inmate riots

UK prison officers manage to quell mass inmate riots

Britain recorded the worst prison riots in 26 years after 600 inmates at a prison in Birmingham embarked on a 12-hour riot.

Gauteng tops drunk driving offences since start of the festive season

Gauteng tops drunk driving offences since start of the festive season

Traffic authorities have arrested more than 3 000 people for various traffic offences, with drunk driving as the leading offence.

2016 news wrap: A look back at the stories that grabbed SA's attention

2016 news wrap: A look back at the stories that grabbed SA's attention

Barry Bateman spoke to Stephen Grootes to unpack the meaning behind the stories that dominated the headlines in 2016.

Popular articles
Stealthing: a form of rape, says Dr Tlaleng

Stealthing: a form of rape, says Dr Tlaleng

'Stealthing' is the act of discreetly removing the condom without the knowledge or consent of the other party during sex.

Afroworld View employees left jobless, as DStv shuts it down

Afroworld View employees left jobless, as DStv shuts it down

CWU says 350 workers from Afroworld View will be paid at the end of the month even though the channel has closed.

[LISTEN] Solly Msimanga: Expropriate land at market related prices

[LISTEN] Solly Msimanga: Expropriate land at market related prices

Executive Mayor of the City of Tshwane Solly Msimanga shares his vision for Gauteng as the candidate for Premier in 2019.

We need to guard our independence - Kganyago

We need to guard our independence - Kganyago

Reserve Bank Governor, Lesetja Kganyago responds to an EFF bill proposing nationalisation of the central bank

[WATCH] Guy gives girlfriend the hood from his jacket but keeps coat for himself

[WATCH] Guy gives girlfriend the hood from his jacket but keeps coat for himself

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Two young boys go the extra mile to get a sick dog to a vet with just R7

Two young boys go the extra mile to get a sick dog to a vet with just R7

Peter and Jerry gave up their last R7 to get a sick community dog (Lady) to an Animal Welfare shelter for medical attention.