Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      South Africa begins complex job of overhauling media laws

      13 July 2025

      Nvidia CEO to hold high stakes media briefing in Beijing

      13 July 2025

      Blue Label Telecoms to change its name as restructuring gathers pace

      11 July 2025

      Get your ID delivered like pizza – home affairs’ latest digital shake-up

      11 July 2025

      EFF vows to stop Starlink from launching in South Africa

      11 July 2025
    • World

      Grok 4 arrives with bold claims and fresh controversy

      10 July 2025

      Bitcoin pushes higher into record territory

      10 July 2025

      Cupertino vs Brussels: Apple challenges Big Tech crackdown

      7 July 2025

      Grammarly acquires e-mail start-up Superhuman

      1 July 2025

      Apple considers ditching its own AI in Siri overhaul

      1 July 2025
    • In-depth

      Siemens is battling Big Tech for AI supremacy in factories

      24 June 2025

      The algorithm will sing now: why musicians should be worried about AI

      20 June 2025

      Meta bets $72-billion on AI – and investors love it

      17 June 2025

      MultiChoice may unbundle SuperSport from DStv

      12 June 2025

      Grok promised bias-free chat. Then came the edits

      2 June 2025
    • TCS

      TCS+ | MVNX on the opportunities in South Africa’s booming MVNO market

      11 July 2025

      TCS | Connecting Saffas – Renier Lombard on The Lekker Network

      7 July 2025

      TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

      4 July 2025

      TCS | Tech, townships and tenacity: Spar’s plan to win with Spar2U

      3 July 2025

      TCS+ | First Distribution on the latest and greatest cloud technologies

      27 June 2025
    • Opinion

      In defence of equity alternatives for BEE

      30 June 2025

      E-commerce in ICT distribution: enabler or disruptor?

      30 June 2025

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » News » MultiChoice BEE shareholders to begin trading

    MultiChoice BEE shareholders to begin trading

    By Editor1 December 2011
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Imtiaz Patel

    Shareholders in Phuthuma Nathi, the black empowerment vehicle that owns 20% of MultiChoice SA, have the right to begin trading the shares next Thursday, 8 December, when a five-year lock-in period expires.

    MultiChoice SA group CEO Imtiaz Patel says Phuthuma Nathi has 120 000 shareholders, the vast bulk of them black individuals.

    Once trading opens next week, the shares may only be bought and sold by black individuals and groups (as defined in the scheme). Patel says this is to ensure MultiChoice continues to meet its broadcasting licence requirements in terms of its black shareholding.

    The company is creating an over-the-counter trading system for Phuthuma Nathi shareholders and has set up a dedicated call centre and website for investors wishing to buy or sell shares.

    Patel cautions it is not possible to place an exact value on the shares prior to the opening of trade next Thursday, adding that the shares will probably trade at a discount to the fair value of MultiChoice SA shares. The company, which is owned by JSE-listed media giant Naspers, has an implied market capitalisation of more than R50bn, based on research by stockbrokers.

    Patel says Phuthuma Nathi shareholders should not be tempted into “short-term thinking” by trying to cash in immediately. “We want to get a message to people not to be tempted and [in the process] sell themselves short.”

    The shareholders have done well from their investment, however, considering the purchase price was an effective R50/share (R10/share upfront and R40/share loaned to shareholders to help facilitate their purchase) and most analysts say MultiChoice shares — without factoring in that the Phuthuma Nathi shares will probably trade at some sort of discount — are now worth north of R120/share.

    The shareholders have also received more than R2bn in dividends in the five-year period.  — Duncan McLeod, TechCentral

    • Subscribe to our free daily newsletter
    • Follow us on Twitter or on Google+ or on Facebook
    • Visit our sister website, SportsCentral (still in beta)


    Imtiaz Patel MultiChoice Naspers Phuthuma Nathi
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleiPhone 4S goes on sale in SA on 16 December
    Next Article Telkom comes out fighting at tribunal hearings

    Related Posts

    South Africa begins complex job of overhauling media laws

    13 July 2025

    MultiChoice is working on a wholesale overhaul of DStv

    10 July 2025

    Icasa publishes new draft regulations for digital TV

    8 July 2025
    Company News

    $125-trillion traded: Binance redefines global finance in just eight years

    11 July 2025

    NEC XON welcomes HPE acquisition of Juniper Networks

    11 July 2025

    LTE Cat 1 vs Cat 1 bis – what’s the difference?

    11 July 2025
    Opinion

    In defence of equity alternatives for BEE

    30 June 2025

    E-commerce in ICT distribution: enabler or disruptor?

    30 June 2025

    South Africa pioneered drone laws a decade ago – now it must catch up

    17 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.