The Financial Services Board has set the cat among OTC pigeons with its recent directive that those operating a marketplace for trading in pretty much any securities whatsoever will have to register by early next year – or cease trading. This has significant implications for over three quarter of a million owners of BEE shares … Read more
From the Financial Services Board: Proposed directive on companies that provide exchange infrastructures to facilitate trade in their own securities Questions and Answers 1. What is the extent of the application of the draft Directive? The draft Directive applies to all public companies that provide infrastructures conforming to the definition of an exchange where the … Read more
There have been a lot of bad news grumblings about the South African economy this week. But there is always a silver lining and as any businessman knows, patience must be applied when dealing with the cycles of an economy. When taking a step back and looking at the landscape of business in South Africa … Read more
Last week, senior investigator at the Financial Services Board, Erris van Kerken, told us all existing OTC market operators are trading illegally. That came as a surprise to Anthony Wilmot, founder of the country’s leading OTC platform Equity Express, so he accepted out invitation to visit the Biznews studio to provide some background. With more … Read more
Over the last few years there’s been a boom in over-the-counter (OTC) trading in South Africa thanks to the advent of broad-based black economic empowerment deals. Under the terms of many of these BBBEE deals, black individuals who purchased the shares are eligible to trade them with other black individuals, but, because the trade must … Read more
The OTC Market was the place to be this week, with share prices hitting record highs, and trading volumes peaking. Etienne Nel, from Equity Express, the OTC trading platform speaks to us about the stocks making waves, the BEE Share Market, and where we could see profit-making opportunities in the market. It certainly seems that … Read more
We had a chat with our BEE share specialist, Riaz Gardee about Thembeka Capital and their recent dividend doubling, potential future acquisitions and diversifications. Thembeka Capital currently trades on the OTC Market, with relatively low volumes given its small investor base, however considering its success and the exciting BEE Share market at the moment, we can hope … Read more
Former President Thabo Mbeki was obsessed with creating Black business “role models”. Well and good. But instead of focusing on producing the kind of examples a developing country needs – bootstrapping, hard-working entrepreneurs who create jobs and build industries – he went for a quick fix. Whatever his intentions, Mbeki’s ideas encouraged Big Business to … Read more
Late-blooming entrepreneur Jannie Mouton is a hero to thousands of shareholders who have followed him through PSG, Capitec and more recently Curro. But one of the best performers of all has been the group’s BEE share Thembeka Capital, a stock that is available through the OTC for Previously Disadvantaged Individuals. In this special podcast, BEE … Read more
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