MTN Zakhele BBBEE trading platform looks ready to roll

The online platform which is to host the trading of MTN Zakhele shares went live today; Friday the 1st of November 2013; spotting a look that promises real action.

MTN Zakhele, the broad based black economic empowerment (BBBEE) scheme facilitated by telecoms giant MTN Group is gearing up for the trading of its shares from the 25th of November 2013.

MTN Market Information

Screenshot from mtnz.co.za on Friday, the 1st of November 2013

This will be after the initial investors in the scheme complete a three years lock in period which began on the 24th of November 2010. The scheme attracted about 122000 investors. This number was made of 120000 individual investors and just over 2000 BEE groups. When the trading platform goes live as scheduled, on the 25th of November these investors will get an opportunity to trade, sell if needs be, their shares. Black people and groups who wish to invest in the MTN Zakhele shares will get an opportunity to buy.

The online platform which went live today, alongside a call center channel, allows for all who want to participate in this trading mechanism to register. MTN Zakhele has said that both existing and potential investors need to register.

The mtnz.co.za website was on Friday looking fairly decent. It is clean and simple but not simplistic. The landing page spots three click-through icons at the top, namely Market Information, Key Financial Information and Help. The Key Financial Information icon delivers historical financial data. Most importantly it also delivers independent analysis of MTN Zakhele from three investment firms, UBS, Renaissance Capital, RMB Morgan Stanley. This will be crucial service to MTN Zakhele existing and potential investors.

The Market Information icon is most interesting. It delivers a grid which appears ready to air ‘live’ trading activity (See insert). This includes (Ruling) Price, Movement (percentage), Shares Traded, Value of Shares Traded, Number of Trades, Low Price and High Price. There is more which makes this tool look like a decent thing.

Judging by the number of enquiries, we (ujuh.co.za) have received, about the valuation of MTN Zakhele shares there is some interest mixed with anxiety around trading of these shares. From all the questions received we have compiled a useful Q&A piece which is published separately.

The MTN Zakhele board has declared that the scheme has performed well. The board chairperson was quoted saying due to the strong performance of the MTN share price and dividends received, the scheme has been able to reduce certain of its debt obligations more quickly than anticipated, and that is good news for investors. “The success of MTN Zakhele is dependent on the performance of the MTN share price, as well as the ongoing receipt of dividends to service its funding commitments”.

About market value Gcabashe said “As the value of the MTN Zakhele ordinary shares will depend on, amongst other things, demand on the trading platform – awareness and investor education are important factors for success. We have a number of initiatives in place to facilitate an efficient trading platform and provide assistance to all current and potential investors.”

news@ujuh.co.za

  • Bheka Derrick Radebe

    MTN has really gone out of it`s way in empowering those who were left out of the financial mainstream in the previous dispensation. MTN faced a backlash from Whites who threatened boycotting MTN products but that did not deter MTN from doing what they believed to be the right thing to do.What is of utmost importance is for those who really want to be financially empowered to actively play their part in the road to financial empowerment.The manna from heaven days only existed in the bible and for anyone who envisages being financially empowered, he/she should be prepared to go out of the way in obtaining funds for investment in the MTN second chance empowerment scheme.

    Borrowing in order to invest is generally frowned upon by Financial Advisors and Planners and other experts in financial matters.This is because it is wrong to invest funds you cannot afford to lose. I have seen people borrow upwards of R500,000.00 in order tobuy cars which depreciate in value over time. I borrowed funds in 2010 at the commencement of the scheme and secured 1550 shares .for an outlay of R31000-00.I have since paid off the loan and I stand to make a tidy sum of money when the scheme matures.

    People should be aware of their risk profile and their capacity to absorb fund losses if things go in the opposite direction like market crashes and they lose borrowed money which must still be paid to the lender.

    1. This is an interesting view Bhungane. Do you not want to develop it into a fully fleshed piece which we can feature on ujuh.co.za? Think about it.

  • Hi. I just want to know, how could you assist us equipment / machinery to manufacture electrical appliances. We have already made Electric Urn & Electric Heater. They are made by hands, but you wont believe if you see them. I can send you pictures if you want to see them. Thanks.

    Name of Registered Company is MPHANJANE (PTY)LTD. I would like to receive reply from you.

  • Thank you very much for allowing me to sell my shares, i would be happy if you it on my behalf.My id no is XXXX,my cell no is XXXX,i shall be glad if i receive a positive response as soon as possible,

  • I also want mtn zakhele to sell my shares on my behalf i would be happy to receive positive response.Thank you

  • ntobeko andreas dube(7402125482084)

    I have problem on attending on 6November 2013 but I want to sell my shares

  • I wanted to attend the seminar on the ninth of november but I can’t because am going to attend class at UJ. I really need the information as to how to sell and buy the Zakhele shares. So how am i going to get that information because i really want.

  • My contact number has changed,what do I have to do?How is it going to affect my trading of shares?

  • James Spanneberg Id: 7106155183088

    I also want MTN to sell my shares on my behalf if the price is good, I am staying in UPINGTON in the NORTHERN CAPE. I wont make it to be there in PRETORIA on the 9th NOVEMBER 2013. Please contact me via email.

  • Hi,

    I am no longer in Durban but now residing in JHB, where can I attend shareholders registraining and education?

    Should I need to sell my shares how much would I get?

  • Mbali Precious Ndlovu

    Hi i also want to sell my shares and i could nt make it to the seminar.

  • I would like you to pleas, assist me with selling my shares please provide me with necessary information. thank you.

  • Matsie Moepa Serame

    Hi there, I would like you to please provide me with all the information on how to buying & selling shares. I want to use a portion of my shares to buy other shares….Please reply

  • Hi i would like u to provide me with full information on how to sell and buy shares.

  • Hi,i have changed my bank account and would like to sell my shares,please assist.

  • Mnguni Mathabela George

    Good day, I would like to know why I did not receive any dividend since I have invested?
    Please call me on XXXX
    Kind Regards

  • Stella Nosipho Kunju

    Hi ! I want to know why I did not receive any dividends since I have invested please email to ( stens@vodamail.co.za)please I want an answer as soon as possible please.

    1. I invested the amonunt of R2000 in 2010, I would like to hear from you about the issue dividend because I did fill up the dividend form last year, but I never received any reply about that. May you please inform me where to start now or what Im suppose to follow as an investor? lastly, is it important for me to fill a form again if my details are still the same?
      Please email or sms me as soon as you receive my comment.

      1. Note that ujuh.co.za is an independent media platform and not an agent of MTN Zakhele. Having said that; we are positioned to assist the public with useful information as far as our ability goes. But we are not qualified to offer financial/investment advice. Questions relating to contractual obligations between you and MTN Zakhele should be directed to MTN Zakhele which can be reached at mtnzakhele.co.za; mtnz.co.za, 083 123 686. Many questions can be answered by this piece: https://www.ujuh.co.za/mtn-zakhele-questions-are-answered-watch-out-for-swindlers/.
        On you questions about dividend: MTN Zakhele has declared no dividend in the past three years. This is because the scheme applied the dividend it received from MTN Group to pay down its debt. This is helpful because it increases the scheme’s net asset value. Going forward, the information we have is that the MTN Zakhele directors will continue focusing on servicing debt obligations. Any other possibility will be entertained in relation to prevailing context and whatever decision taken will be communicated. We hope this is helpful.

  • this CONFIRMS Registration Seminar attendance at Ditsong National Museum Pretoria at 16hrs

  • Hi won’t make it on the 9th to attend and I don’t have any problem if they can sell my shares as long as I can be provided me with positive information for the mtn shares. hope u will find all in order

  • I live in Pretoria but cannot attend the seminar on the 09th due exams, however I would like sell my shares.

  • i need to sell my shares please provide info as to how do i go about it. am not able to attend any seminar

  • i want to attend this semir but ido not have a chance because i am a cycle shift worker .I did buy my shares at limpopo and i work at north west but iwant to sell my shares and i need to know the price of share and what i can do to sell my shares

  • I just need to know how many shares do I have, will you please give more explanation on those shares and their prices.

  • Sbusiso Mthombothi

    Hi am residing in Nelspruit cant attend as well the seminar, but also like to sell my shares

  • Sbusiso Mthombothi

    Hi am residing in Nelspruit cant attend as well the seminar, but also like to sell my shares, What can i do to sell and what is the price/share

  • I GOT NO CHANGES IN MY DETAILS AND I KNOW I NEED TO ATTEND SHAREHOLDERS EDUCATION AND REGISTRATION SEMINAR ON 21 NOVEMBER BUT PROBLEM THAT I HAVE IS THAT WHAT I MUST HAVE OR CARRY ON THE SEMINAR? AND NEED TO SELL IT.

  • WELL DONE MTN(MOTHERLAND TELECOMMUNICATION NETWORK).UNLIKE MINING WHICH BENEFIT TOP POLITICAL LEADERS AND THEIR CORRUPTNESS FORGETTING WE ALL BECAME EQUAL IN THIS WORLD AND WE WILL GET OLD AND LEAVE THE WORLD.MINING AND POLITICAL LEADERS ARE TURNING OUR COUNTRY WITCHCRAFT VIA ANGLO AMERICAN. MAYIBUYE IAFRICA. PLS RICH POLITICIANS AND YOUR MINES PACKOUT OUR COUNTRY MINERALS AND LET OUR COMMUNITY GET EDUCATION BECAUSE IT WILL COST YOU PEANUTS ONLY. ,SHARP GUYS. WE WILL MEET AGAIN RICH OR POOR…………………………………….XXXXXXXXXX

  • mtn zakhele made us feel involved on our current economy.thanks to mtn.

  • HAPPY TO HEAR ABOUT THINKING MORE THAN A SPAZA BECAUSE YOU CAN NOT EMPLOY OTHER PEOPLE IF YOU ONLY THINK OF SPAZA. WE MUST THINK BIG TO INVEST IN BUILDING MALLS,COMPLEXES,GUEST HOUSES.THIS CAN REALY SHAPE THE ECONOMY OF THE COUNTRY IF THAT CAN BE A DOMINANT GOAL OF INDIVIDUALS.

  • Mbongiseni Emmanuel Shongwe

    Hi!. Due to my schedule which change now and then I cannot able to attend the shareholder education . So could you please guys sent me the most information which I might use carefully like how could I trade my shares?, how much income I would get back by trading my share?, If I want to continue with the shares that I have is it possible?, If there’s an income regarding my shares that income would be an once off or the is another alternetives which I can use?. And what is your due date to the shares that you will start to sell soon?. And ja please sent another information that I might be left out in this comment which will help me just reply to this email. thanks rise MTN ZAKHELE rise!!! as you open my mind not only me but the most of SOUTH AFRICAN BLACKS keep it up .

  • me and nephew would like to register to sell our mtnzakhele shares.we couldn’t make it attending siminar in polokwane. please help me get me and these young lady register to sell on the mntn zakhele platform.
    your help will be highly appreciated.

  • Ii have already deciided to buy mtn shres, pls email me a registration form and please sdvise on the me on the miinimum amound that i need in order to purchase.

  • my contacts have changed, so how do I go about updating them?

  • I just need a confirmation wether my my appointment is in order for the 21/12/13 in Jhb

  • My contact phone has changed and my address, what must I do to do those change them ? What must I do to check my own shares and their growth ?

    Thank you

  • Hi; I do not want to sell or to trade my shears is it ok? What should I do, shuold I still came for training or registering or not.

  • Im interested in buying the MTN shares. How did the scheme perform from 2010?

  • Hi, I tried to register for buying shares in future as proposed but failed as was told that my otp is wrong & secondly there was no provision for me to put my new details even though I downloaded the form as requested. What should I do?

  • Hi since from yesterday, am trying to get hold of you.we cant i wane to know, whats happenning
    i did register to sell but i dont hear any thing from you.
    thanks

  • Mmamakgowa Phathi

    Hi, I have 100 zakhele shares and would like to sell 80 shares @ R80 per share.I tried calling call centre and also try the web ‘with no luck.My details are still the same.What must I do?Your quick response will highly appreciated.

    Regards
    Mmamakgowa

  • What is the process of receing dividends as it is been a long time and expecting dividends

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