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