Due to public demand, mobile giant, MTN, has decided to extend the application deadline for black investors to purchase MTN Zakhele Futhi shares.
Interested investors have until close of business on Friday 28 October to buy MTN shares.
CapeTalk's Kieno Kammies spoke to Xolisa Vapi, MTN general manager for corporate communication and stakeholder management.
Empowerment from the MTN perspective is an integral part of our business and we believe that empowerment is important for the future success of the company.— Xolisa Vapi, MTN general manager for corporate communication and stakeholder management
Shares are R20 each, with a minimum buy-in investment of R2000.
MTN says black individuals and groups defined by the BEE Codes can participate in the scheme. MTN Zakhele Futhi shares can be bought at Nedbank Branches, countrywide.
In order to participate, investors need to read the prospectus in full, says Vapi.
Listen to how MTN shares will benefit you as an investor: