MTN Zakhele, South Africa’s largest empowerment scheme in the telecommunications industry, will begin restricted trading of its ordinary shares from 25 November 2013 on an online trading platform and a dedicated call centre.
Existing MTN Zakhele ordinary shareholders and eligible black people or black groups need to register online or through the call centre from 1 November 2013, in order to be able to buy and/or sell shares from 25 November 2013.
The R8,1-billion MTN Zakhele transaction was concluded in November 2010 as part of MTN’s ongoing efforts to further its BBBEE objectives in South Africa.
MTN Zakhele owns approximately 4% of MTN Group’s total issued ordinary shares. The ordinary shares in MTN Zakhele are owned by approximately 120 000 black investors.
With the three year minimum investment period having passed, during which no trading in MTN Zakhele ordinary shares was permitted, these investors are able to sell their MTN Zakhele shares to eligible, registered buyers, to buy more MTN Zakhele ordinary shares or to continue to hold their MTN Zakhele ordinary shares.
MTN Zakhele chairman, Thulani Gcabashe, comments: “The MTN Zakhele scheme is progressing well and we are looking forward to the shares being traded. We are calling on all existing and potential eligible investors, who want to trade in MTN Zakhele ordinary shares, to register and verify their personal information starting on 1 November 2013 when registration and verification opens.”
Gcabashe says that, due to the strong performance of the MTN share price and dividends received, the scheme has been able to reduce certain of its debt obligations more quickly than anticipated, and that is good news for investors.
“The success of MTN Zakhele is dependent on the performance of the MTN share price, as well as the ongoing receipt of dividends to service its funding commitments. The implementation of the refinancing proposed at the July 2013 AGM is expected to improve the total returns to shareholders, as less funds will be required to service the more expensive notional vendor funding owed by MTN Zakhele to MTN.”
As the value of the MTN Zakhele ordinary shares will depend on, amongst other things, demand on the trading platform – awareness and investor education are important factors for success.
“We have a number of initiatives in place to facilitate an efficient trading platform and provide assistance to all current and potential investors. Our trading call centre can be reached on 083 123 6869 and shareholders can visit www.mtnz.co.za for information. Shareholder education and registration seminars will be held at community centres around the country during November 2013,” says Gcabashe.
The call centre, web site and investor seminars are the channels through which shareholders and potential investors can register and access detailed information. Shareholders should note that registration will not take place via MTN and Post Office outlets where the investors collected and submitted their original applications, respectively, three years ago.
All MTN Zakhele ordinary shareholders are invited to attend Shareholder Education and registration seminars.
Shareholders can arrive at any time during the hours specified below for assistance with registration, which is required to be able to trade in MTN Zakhele ordinary shares. Experts will be available to answer questions regarding trading. Specific shareholder education presentations will take place in Polokwane, Durban, Pretoria, Port Elizabeth, Cape Town, and Johannesburg over the next few weeks.
“Shareholders can arrive at any time during the hours specified below”…there’re no hours specified anywhere below! WTF? What kind of journalism is this? Poor reporting!
Will i know the value before i sell?
I Want to sell my shares please send me the form: to
How do I trade is it via broker??
will i know the value of my shares before i sell them?pls foward me with instructions on to register as it is one of requirement to sell MTN zakhele shares,here is my e-mail adress shelembesizwe@gmail.com
What if i dont wanna sell them?
Please see that your website is effective 24/7. I need to login to verify the procedures but errors are occurred!
we need to know what it’s worth , should be able to accesss info with ID no.and password
My father want to know the procedure on how to claim his shares on mtn zhakhele his number is 0839885748
Hi my name is Lerato Ponyo, I have brought 150 shares in 2008 I want to know when are they maturing and want to confirm my address and banking details. please reply urgently on leratoponyo@yahoo.com I tried to call on 0831236869 but it keeps saying I must hold for an operator.
Can i be in a position to know the value of my shares before i decide.
Please reply on sikhumbuzo.cele@gmail.com or 0723220662
If u dnt want to sell ur shares, u hv to fill de form.
please forward me with the information of how to register, mntungwabm@gmail.com
i will like to sell my 50 shares how do ido to sell them
i want to sell plz send info to my email johanna.patience @transpaco.co.za
Does anyone know at what time the trading begins?
How can I register on like to check on my shares
just need to find out if I changed the address what do I do?
To get info on the shares, try http://www.mtnzakhele.co.za/ or http://www.mtnz.co.za/ The price of the shares will be on a willing buyer willing seller basis. Trading starts 25 Nov @ 09:00. You dont need to go via broker, you can dial 083 123 6869 (MTN zahkele trading line) And they can help you sell or buy. If you dont want to sell, no need to do any of the above.
i want to register i don’t know how to go about please send me how to go about registering here in my email address ELIZABETHLOKWE@GMAIL.COM THANKS
why does mtn zakhele do this to us esspecially when we need to trade our shares this time of the year they were supposed to test their systems before the trade time or period.