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
Read More
Expert claims reversing payments to creditors threatens debt review process

Expert claims reversing payments to creditors threatens debt review process

Consumers who are under debt review and reverse payments to creditors will affect how payment distribution agents operate.

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.

Zuma claims he is only person who has right to appoint commission of inquiry

Zuma claims he is only person who has right to appoint commission of inquiry

Law expert Phephalaphi Dube says Constitution doesn't give Zuma unbridled power regarding state capture report inquiry.

"We Clean It All" wins Datsun GO+ panel van in live lucky draw

"We Clean It All" wins Datsun GO+ panel van in live lucky draw

Christopher Kapanga's small business offers innovative cleaning solutions to clients based in northern Joburg and Pretoria.

Parks Tau sets his sights on 257 municipalities at SALGA

Parks Tau sets his sights on 257 municipalities at SALGA

Tau emphasised the importance of representing the interests of the country's municipalities as SALGA chairperson.

Rhulani Baloyi: November Lead SA Hero and tutor in Alexandra

Rhulani Baloyi: November Lead SA Hero and tutor in Alexandra

Baloyi stands a chance of being named Lead SA Hero of the Year in recognition of his commitment to making a difference.