All the B-BBEE shares explained in one article: Their status and how to access them

Ujuh Reporter

A number of B-BBEE deals;  in the class of Vodacom’s YeboYethu, Sasol Inzalo, MTN Zakhele and Phuthuma Nathi; with a focus to ordinary black people have recently matured and were relaunched – causing a frenzy of B-BBEE share activity and raising interest from people who missed the boat 10 years ago. Given the number of questions we have faced on this subject, we have compiled information on the new and old Broad Based Black Economic Empowerment (B-BBEE) share market opportunities. The information packet speaks to when, how and where the B-BBEE shares can be accessed and traded.

Vodacom’s YeboYethu

Whats the status of this B-BBEE deal

Vodacom’s YeboYethu was first initiated in 2008 and given a life of 10 years. It recently matured with Vodacom resolving to extend the life of the deal by another 10 years in a R17.5 billion transaction. YeboYethu holds about 6% of Vodacom Group shares which are listed on the Johannesburg Stock Exchange (JSE).

Listing Platform

YeboYethu shares are listed on the BEE platform of the JSE.

How to trade

Anyone who wishes to trade shares on the JSE needs a qualified and accredited stockbroker. You can find a comprehensive list of stockbrokers from the JSE’s website. While YeboYethu has appointed a preferred broker you are free to choose your own.

As is the case with other B-BBEE shares you will need to go through a qualification verification process before you can trade these shares. You need to be black to trade these shares.

YeboYethu has compiled a comprehensive information packet that will guide you on how to trade on its shares.

Sasol Inzalo/Khanyisa

Whats the status of this B-BBEE deal

The Sasol Inzalo B-BBEE transaction was initiated in 2008 with a life of 10 years and came with different chapters for the public, workers and groups. The scheme with exposure to petrochemicals giant, Sasol, has recently matured and has been rewinded. Sasol designed a new arrangement titled Sasol Khanyisa that is set to exists for another 10 years to 2028.

Sasol Khanyisa has essentially come to give Sasol Inzalo investors another shot at B-BBEE share value creation after the old scheme failed to impress due to an under-performing Sasol Group share price.

The public chapter of the scheme came with two categories, the funded and non funded shares. The funded chapter (SIPBEE) have been liquidated and the non funded (SOLBEE1) continue to trade on the JSE. Qualifying investors can trade these shares.

Both chapters have earned a right to participate in the new Sasol Khanyisa whose shares can’t be traded at this moment. Sasol Khanyisa shares are set to be listed after three years of existence. As such these shares will be listed and become tradable  in 2021.

Listing Platform

Sasol Inzalo (SOLBEE1) shares continue to be listed on the JSE.

The Sasol Inzalo Public (SIPBEE) were listed on the JSE and have been discontinued.

Sasol Khanyisa will be listed and become tradable in 2021.

How to trade

Anyone who wishes to trade shares on the JSE needs a qualified and accredited stockbroker. You can find a comprehensive list of stockbrokers from the JSE’s website.

MultiChoice Phuthuma Nathi

Whats the status of this B-BBEE deal

The MultiChoice B-BBEE share scheme was established in 2006 and holds a 20% stake in the pay television operation MultiChoice, a subsidiary of media giant Naspers. There is no indicated date of maturity for this scheme. Naspers maintains that it will continue to exists so long as it is necessary and the trading platform will remain in operation until Phuthuma Nathi cease to exist. A recent deal where Naspers sets out to unbundle MultiChoice and list it separately on the JSE suggests that Naspers has no immediate plan to end this B-BBEE arrangement anytime soon.

Listing Platform

Phuthuma Nathi shares are listed on an over-the-counter (OTC) share trading platform called Equity Express which is accessible to all qualifying investors. Phuthuma Nathi is listed alongside other shares like Welkom Yizani.

How to trade

Qualifying investors can trade these shares via the internet or the call centre whose numbers are 0860 116 226. Trading via the call centre avails an agent that will take investors through a step by step process.

Investors who want to trade on these shares need to first register as eligible traders on the Equity Express platform. You can access a comprehensive guide of how to trade these shares via this link: Phuthuma Nathi FAQ.

 Welkom Yizani

Whats the status of this B-BBEE deal

Welkom Yizani is a B-BBEE share initiative of Media24 a print media operating subsidiary of Naspers. Established in 2006, the Welkom Yizani B-BBEE scheme holds a 15% stake in Media24 which owns amongst other titles: City Press, Daily Sun, Sunday Sun, Beeld, Rapport and a host of knock and drops and magazines. It also owns some of the biggest online titles in the country like news24, fin24, channel24, travel24, wheel24 and HuffPost South Africa.

There is no indicated date of maturity for this scheme as Naspers maintains that it will continue to exists so long as it is necessary and the trading of shares will remain in operation until Media24 ceases to exist.

Listing Platform

Welkom Yizani shares are listed on an over-the-counter (OTC) share trading platform called Equity Express which is accessible to all qualifying investors.

How to trade

Qualifying investors can trade these shares via the internet or the call centre whose number is 0860 12 12 24. Trading via the call centre avails an agent that will take investors through a step by step process.

Investors who want to trade on these shares need to first register as eligible traders on the Equity Express platform. You can access a comprehensive guide of how to trade these shares via this link: Welkom Yizani FAQ.

MTN Zakhele Futhi

What’s the status of this B-BBEE deal

MTN Zakhele Futhi is the latest B-BBEE share initiative organised by mobile telecoms giant MTN Group. Established in 2016, the B-BBEE scheme was designed to last for eight years which ends in 2023. The scheme holds about 4% stake in the JSE listed MTN Group. This scheme came to succeed the original MTN Zakhele where previous investors were given first bite.

Listing platform

MTN Zakhele Futhi is set to run for an eight-year period and initial investors were locked in for three years. They will be allowed to trade their shares in a restricted platform towards the end of 2019. A such MTN Zakhele Futhi shares  are not  yet listed and can’t be traded at the current stage.

How to trade

The share will only be tradable towards the end of 2019 once listed on a platform chosen by the scheme administrators.

news@ujuh.co.za

Leave a Reply

Your email address will not be published. Required fields are marked *