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Although black economic empowerment share deals are often complicated in their structure and are at times priced at hefty discounts and have limited liquidity, it appears that investors who have stuck it out in some schemes are

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