Sasol abandons R13bn share plan for black-investor debt
Sasol has dropped a plan to sell about R13bn ($950m) of shares to meet its obligation to repay debt owed by a black investor group.
Sasol Inzalo
Sasol reboots Inzalo; new scheme guarantees solid returns for BEE shareholders.
Sasol’s Inzalo project, launched in 2008 with the promise of benefiting almost 300,000 black South Africans, has failed to deliver.
Riaz Gardee: MTN swaps ‘Zakhele’ for ‘Futhi’ – a disappointing BEE deal
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.
Craig Gradidge: Play the long game on Sasol Inzalo shares
Craig Gradidge was in the CNBC studios today with Alec and Gugu to discuss, amongst others, the movements of broad-based BEE shares including those of Sasol Inzalo, Multichoice’s Phuthuma Nathi and MTN Zakhele.
Demystifying the FSB’s position on OTC markets
The over the counter (OTC) trading environment has had an uncertain time of things lately. With the Financial Services Board (FSB) leaving the trading platforms, that mostly cater to BEE shares, in the proverbial lurch. The FSB is looking to have the status of the OTC platform changed to that of an exchange, which would … Read more
FSB’s edict that OTC trading of BEE shares is illegal: don’t panic – yet
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
Imperial’s Lamberti gets another vote of confidence – Ukhamba BEE shares post strong rise
Two way trade on the Equity Express OTC trading platform continues to gather momentum. The Multichoice Phutuma Nathi share schemes recorded 64 trades today with over R1.5m worth of stock changing hands.  The Scheme 2 shares are currently trading at a small premium to the Scheme 1 option. Imperial’s Ukhamba Holdings and Vodacom’s Yebo Yethu … Read more