MyMoney Online

MTN to sell shares to black investors at a nearly 20% discount

If you bought Zakghele when it commenced you would’ve earned a 205% return. A normal MTN share would’ve returned about 70%.

Craig Gradidge

The minimum investment requirement is R2000.

Sydney Mhlarhi

MTN will sell shares worth R9.9 billion – a 4% stake - to black investors to meet government quotas on black ownership.

Africa's biggest telecoms firm said the new black economic empowerment deal will launch through a public offering in September to replace an existing scheme that will expire in November.

MTN said it will sell the shares at R102.80 - a nearly 20% discount to Friday's closing price.

The Money Show’s Bruce Whitfield interviewed Gradidge-Mahura Investments Financial Planner Craig Gradidge.

Gradidge spoke about the returns investors into MTN Zakghele would have got.

Whitfield also spoke to MTN Zakhele Spokesperson Sydney Mhlarhi.

Mhlarhi discussed the unwinding of to MTN Zakhele and the announcement of MTN Zakhele Futhi.

Listen to the audio below for more detail.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
How accurate (or off the mark) stock pickers on The Money Show have been in 2017

How accurate (or off the mark) stock pickers on The Money Show have been in 2017

Bruce Whitfield grills three stock pickers he interviewed in January on the performance of their picks for 2017.

3 epic shares to buy right now (by Herenya Capital Advisors)

3 epic shares to buy right now (by Herenya Capital Advisors)

These are the three hottest investments you can make right now, according to Petri Redelinghuys.

3 best JSE investments in these recessionary times (by Truffle Asset Management)

3 best JSE investments in these recessionary times (by Truffle Asset Management)

The Money Show’s Bruce Whitfield interviews Truffle Asset Management Portfolio Manager Jonathan Du Toit.

Best offshore investments right now (according to PSG Wealth)

Best offshore investments right now (according to PSG Wealth)

Looking for a hot tip? The Money Show’s Bruce Whitfield interviews PSG Wealth Portfolio Manager Jonathan Fisher.

3 best stocks you can pick right now (by Capricorn Fund Managers)

3 best stocks you can pick right now (by Capricorn Fund Managers)

Right now these three companies are they very best investments in South Africa and abroad, says fund manager Seten Naidoo.

3 best JSE investments right now (JM Busha Investment Group)

3 best JSE investments right now (JM Busha Investment Group)

The Money Show’s Bruce Whitfield interviews JM Busha Investment Group MD Joseph Busha.

Popular articles
Guptas deny Bell Pottinger links in exclusive BBC interview

Guptas deny Bell Pottinger links in exclusive BBC interview

The family spoke via their spokesperson, Gary Naidoo who claims the Gupta's were not involved in pushing the 'WMC' narrative.

Is marriage overrated? Listeners share differing views

Is marriage overrated? Listeners share differing views

Relationship guru and sexologist Dr Eve says the notion of the 'marriage advantage' is being debunked by many couples and groups.

What justifies a R1 million price tag for a parking bay?

What justifies a R1 million price tag for a parking bay?

CEO at Advance On Point Solutions looks at the criteria used when pricing the exorbitant parking bays in the Atlantic Seaboard.

Why do Cape roads have faded markings?

Why do Cape roads have faded markings?

Former senior inspector for City of CT Traffic Services attributes this problem to the quality of paint used.

Disgruntled client behind hoax email - MiWay CEO

Disgruntled client behind hoax email - MiWay CEO

MiWay CEO Rene Otto has described a bogus email, in which black clients are referred to as 'baboons', as "fake news on steroids".

Glacier reveals bodies of Swiss couple missing for 75 years

Glacier reveals bodies of Swiss couple missing for 75 years

Adam Gilchrist has more on this tragedy that left 7 children orphaned.

[LISTEN] Roger Federer's SA born mother says her son hates to lose

[LISTEN] Roger Federer's SA born mother says her son hates to lose

South African born Lynette Federer speaks to CapeTalk's Kieno Kammies about her son who clinched his 8th Wimbledon title.