Black investors nailed in MTN BEE share deal: Here’s why Zakhele Futhi is a dud
Ryk de Klerk puts the MTN Zakhele Futhi JSE debut under his microscope, concluding that uninformed investors were taken to the cleaners in an opaque arrangement.
Ryk de Klerk puts the MTN Zakhele Futhi JSE debut under his microscope, concluding that uninformed investors were taken to the cleaners in an opaque arrangement.
Barloworld’s Khula Sizwe, which aimed to attract investors from the black public was oversubscribed, with over 50,000 applications received.
Discovery is forging ahead with a broad-based BEE (BBBEE) Scheme in which 10% of the bank would be owned by qualifying customers.
If all Black Economic Empowerment schemes delivered as well as Vodacom’s YeboYethu offering, there would be no debate about a philosophy which some feel has been hijacked by elites.
Riaz Gardee looks at the proposed MTN Zakhele Futhi deal and says it is disappointing and the discount doesn’t warrant the required holding period.