Yebo yes to BEE shares!

More than 85,000 black investors and approximately 8,500 current and past employees will soon reap the benefits of Vodacom – South Africa’s biggest mobile operator’s recent R16.4 billion Broad-based BEE transaction.

Vodacom plans R17.5bn share sale to raise black stake

Vodacom proposed raising the share of black shareholding in Africa’s largest wireless carrier by selling a stake of as much as 6.35 percent to investors including Royal Bafokeng, Thebe Investment, YeboYethu and company staff.

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

SA’s flourishing BEE share exchange considers branching into other parts of Africa

While the Johannesburg Stock Exchange is the sole provider of listed equity and bond trading platforms in South Africa, in the rapidly developing Over-The-Counter area, two businesses compete for relative crumbs. The better established of these is Singular Systems, which grew out of a software company that saw an opportunity in a trading arena where … 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