Browsing: Zakhele

MTN Zakhele, the black economic empowerment scheme of telecommunications giant MTN Group, said it’s still processing payments to shareholders who opted to cash in their shares after the scheme expired in November last year

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

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

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

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

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

MTN has hit back at those who have criticised it for appointing a white group CEO in the form of outgoing Vodafone executive Rob Shuter. In a lengthy statement on Friday evening, MTN defended its record

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