Earlier this year Woolworths’ Black Economic Empowerment (BEE) employee share ownership scheme “matured”.
This meant that staff members who benefited could cash out by selling shares they acquired when the scheme was initiated.
The Money Show’s Bruce Whitfield interviewed Craig Gradidge, Financial Planner at Gradidge-Mahura Investments, about maturing BEE schemes.
Scroll down for quotes from the audio below.
A lot of schemes from the mid-2000s are now available for secondary trade.— Craig Gradidge