Browsing: Zakhele Futhi

News
MTN dips, then recovers, on earnings update

MTN shares were trading down more than 3% on Monday morning on the JSE after the telecommunications group told shareholders that its full-year 2017 earnings would be affected by a number of once-off and non-cash items

News
MTN sets out extent of full-year losses

MTN, which previously cautioned it would report a loss for the full-year ended 31 December 2016, has now provided more guidance on the likely range of the losses. Africa’s biggest mobile operator expects

In-depth
Why MTN’s BEE offer missed its target

MTN’s public offer in terms of its third black economic empowerment deal, valued at R9,9bn has closed – but short of its target. The public offering to qualifying black participants at a subscription price of R20/share for a minimum

News
MTN BEE scheme misses offer target

MTN has raised R1,1bn through the public offer for its new black economic empowerment scheme, Zakhele Futhi, well short of the target of R2,5bn, but sufficient to allow the transaction to proceed. The telecommunications group

News
MTN volatility weighs on Zakhele

It may seem that investors in MTN Zakhele, MTN’s black economic empowerment scheme, are pricing in risk given the sell-off leading up to the scheme’s expiry in November. Over the past month, the share price of

In-depth
MTN’s Zakhele Futhi: weighing up the options

MTN has announced plans for the introduction of its third black economic empowerment deal, valued at R9,9 billion, and it’s received a great deal of attention from investors and analysts alike. The proposed scheme will see the issue

News
Choices confront MTN Zakhele investors

There is life after MTN Zakhele, the black economic empowerment scheme of telecommunications giant MTN, which is widely viewed to have created value for investors. On Monday, MTN announced that it will

News
MTN in new, R10bn BEE scheme

Telecommunications group MTN has announced a new black economic empowerment scheme worth R9,9bn. News of the planned scheme, to be called MTN Zakhele Futhi, comes ahead of the November unwinding