MultiChoice Group plans to offer shareholders in its two broad-based black economic empowerment schemes the opportunity to gain direct exposure to its shares listed on the JSE.
Browsing: Phuthuma Nathi
A finding by the commission last week regarding MTN’s empowerment scheme’s contravention of the B-BBEE Act will have wide implications for similar schemes operated by other listed companies.
MultiChoice will report a full-year headline loss per share of as much as R3.90, from earnings of R4.10 a year ago, as the result of foreign exchange losses and a decision to give additional equity to black investors at no cost.
MultiChoice Group made its market debut in Johannesburg on Wednesday morning as a JSE Top40 company with a market capitalisation of about R44-billion shortly after 9am.
Gradidge-Mahura Investments turns ten this month. On 26 June 2008, Cipro (as the Companies and Intellectual Property Commission was known back then) confirmed that the business had been registered
MultiChoice said on Wednesday that shareholders in its Phuthuma Nathi broad-based black economic empowerment vehicle Phuthuma Nathi will receive R1.3bn in ordinary dividends. This is after the dividend
MultiChoice South Africa Holdings chairman Nolo Letele has said it would “absolutely make sense” to list the pay-television broadcaster on the JSE, but the requirement of its broadcasting licence that 30% of its equity be in black
MTN’s black economic empowerment (BEE) share scheme MTN Zakhele is expected to list on the JSE on 5 November. With a market capitalisation of R8,2bn, MTN Zakhele will be the first BEE empowerment share scheme to list on the JSE’s BEE board from its current over-the-counter
In a resounding black economic empowerment success story, the value of the 20% investment in MultiChoice South Africa by BEE shareholders has increased by 20 times. The shares are currently trading around R170 each and, including total dividends paid to date of just
Shareholders in MultiChoice’s broad-based black economic empowerment scheme Phuthuma Nathi are set for a windfall. They will receive R1,2bn in ordinary dividends in 2015, an increase from