BEE shares: winners and losers. Riaz Gardee unpacks key factors

Broad-based black economic empowerment share schemes have dominated headlines over the last few years as companies have sought to find a formula that will allow them to increase black shareholders at a reasonable cost. Typically, BEE share schemes are highly leveraged plays on an underlying stake in the empowering company that use dividend flows to … Read more

BEE share schemes: Why we need more and why they’re good for SA

With evidence that South Africa’s  Black Economic Empowerment (BEE) share schemes have improved lives, it seems a pity that more companies have not followed the likes of Vodacom SA, Sasol and Naspers. That’s the message delivered in this insightful overview of South Africa’s empowerment landscape, by analyst Riaz Gardee, as over-the-counter trade in BEE shares … Read more

Pricing Vodacom’s YeboYethu: Gardee sizes up whether it is worth R50/share

Trading in YeboYethu kicked off this morning, with shares in Vodacom SA‘s Black Economic Empowerment security changing hands at around R50. Many YeboYethu shareholders will be wondering whether this is a good price – or whether they can get much more by holding out for longer. Unpacking the numbers for Biznews.com‘s community members is Riaz … Read more

YeboYethu shareholders can now trade – Vodacom

Excitement has been building among participants in Vodacom’s Black Economic Empowerment share scheme, YeboYethu. Shareholders have had to wait for five years before trading and, after delays, the over-the-counter platform has opened for trading (from 3 February). To give you an idea of  the interest in the share, one of most popular search terms on … Read more

Telkom Dream Team’s dilemma: a rich, out-of-sync CFO who is righteously indignant

The Internet really has changed everything. More for my profession than most others. Apart from the havoc it has wrought on the old media models, the web has also made research a hundred times easier. Young journalists wouldn’t believe the lengths previously required to access stuff downloaded in seconds today. Having come from the old … Read more