Buy Imperial Holdings shares today at 41% discount – provided you’re Black

By Alec Hogg In 1998, when the late Imperial Holdings CEO Bill Lynch used R15m of the group’s money to establish the Ukhamba Trust, he was probably following his own credo of “Just do it.” Fifteen years on, the magic has happened. By any measure, Ukhamba is one of the most successful Black Economic Empowerment schemes. … Read more

Welkom Yizani’s price slump on debut offers patient Black shareholders opportunity

Given MTN Zakhele’s aborted debut, the good news about today’s listing of Welkom Yizani – Media24’s BEE share offering – is that the platform managed relatively heavy trading (75 000 shares in 517 deals) without any glitches. The bad news is that after a bright start, selling pressure dropped the price from an early peak … Read more

MTN Zakhele muck-up continues. Needs two more weeks before trading. And PWC’s audit?

The MTN Zakhele reputational disaster took another turn today with its announcement its trading platform needs another  two weeks before it can attempt re-opening. And then only maybe. As the Press Release republished below notes, trading might resume on the 17th December. Maybe. If testing is successful. Over the past few days I’ve spoken to … Read more

MTN Zakhele’s aborted debut followed directors’ decision to engage foreigners who build forex, CFD – not equity – trading systems

Since 1 November, MTN Zakhele shareholders have been encouraged to register ahead of being able to start trading their shares last Monday. An aggressive media campaign was also launched in the run-up to the Big Day. On we ran a story about how the new BEE share listing was due to enjoy vibrant trading. … Read more