MTN Zakhele ordinary shares resumed trading yesterday and ended the day at a price of R82.55 per share which makes for a huge profit for sellers who entered the BBBEE scheme at about R20 per share.
The over the counter trading of MTN Zakhele shares were relaunched following a month long suspension due to technical glitches when the trading platform was launched in November 25 2013.
MTN Zakhele administrators declared yesterday’s trading a success saying the system remained stable and robust throughout the day, managing the high volumes of traffic with ease. It was reported that yesterday’s trading was heavy throughout the day with about 3 000 traders simultaneously engaged in trading at times. “This resulted in the market remaining liquid and active until close of business with very tight bid and offer spreads.”
At the close of the market, at 5pm, MTN Zakhele reported that 639 780 MTN Zakhele shares with a total value of about R53 million were traded. This, said the administrators, was the most successful trading day thus far.
MTN Zakhele Chairman, Thulani Gcabashe said “We are pleased to acknowledge the huge demand shown for MTN Zakhele shares, and are satisfied with what has been achieved today. We thank our shareholders for exercising patience during the period of suspension.”
MTN Zakhele is touted as a R13.8 billion BBBEE scheme which owns 4% of MTN Group. The scheme was launched in 2010 and attracted about 120000 investors. These investors were locked in for three years. On the 25th of November 2013 they were allowed to trade their shares within a limited over the counter trading platform. This allowed for entry of new black investors.
Registration for trading in these shares can be done via a call centre and website. The call centre number is 083 123 6869. The website address is at http://www.mtnz.co.za
News@ujuh.co.za
I have done an application but I did not get the reply and I do’nt know whether I have been regected or not
Kindly assist; I cant find my documents relating to the shares I bought(MTN Zakhele) and have been in the doldrums regarding movements and developments in said due to me loosing my phones and has yet to do a sim swap.
If possible blow me wise on what is happeniing of late including share prices, selling processes, etc.
Hoping for a speedy response.
cell
ii
i want to register my son his name is Tshepo Humprey Semppe Jnr I’ve been trying to call u to give all his details his ID no is …
Dear Sir/Madam
Please help me I want to view my shares.
I want to view my shares but i dont know where to check
I’m told that there is some AGM in July but have notvyet received details about it.
Would you please mind sending the details about the AGM?
I bought shares in 2010 lost my phone but I did post the section on change of details. I would really like to know what is happening with my shares and how can I view my shares. Thank you.
Hi
I want to view my shares.. how do I go about? ? I bought in 2010.
I want to know about my shares
Hi I bought the shares in 2010, I want to check how they worth per share now because im intending to sell them.
Kind regards
Puleng
Afternoon I changed my details 4 months ago but I never got any response from u. Tanx
I tired logging on but no luck. I need to buy shares for the first time and i do not know the share price.
I will realy appreciate assistance.
i want to sell some of my shares please give me guidelines
Hi I want to check my shares I bought bin 2010. But in don’t know how
I need to a shares from mtn so I dont know, were to start and I dont know the shares price. Please assist me
Hi bought shares in 2010 i want to know how much its a share price. Cs i want to sell them,and i lost the contact i registered with so i cnt gt any information about mtnzakhele share please help.
Kind regards
Cuthbert khumalo.
Read this piece. It will help you understand the process and also provides contact details. https://www.ujuh.co.za/how-to-join-the-empowerment-shares-trading/
Hi i’ve been a shareholder for a few years,now i did trade all my shares i havent got compushare certificate, yet im not sure if im still registered as i have sold all my shares pls help i need 2b in a feild again
See this piece: https://www.ujuh.co.za/how-to-join-the-empowerment-shares-trading/
Dear Sir/Madam
I have an interest to become a new shareholder, to trade shares ,help what must I do.
I received an email on the 12/02/2014 yesterday saying that shareholder need to see the website for an important update on trading platform but the website http://bit.ly/1VGrVIB does not exist please help and I joined since 2010 and never trade and do not how to sell.
May you please send me an update concerning my shares.
Thank you
Good day may you please update me concerning my shares.
I AM AN OLDER MAN AND DONT UNDERSTAND EVERYTHING ABOUT WEBSITES AND SO ON. I INVEST SHARES.PLEASE KEEP IT SIMPLE. POINT ONE… I INVEST, POINT 2… WHAT MY SHARES WORTH, POINT 3… WHEN AND HOW CAN I GET MONEY FOR MY SHARES.YOU TAKE MY MONEY BUT NOW PLEASE HELP ME TO DO THIS PROPERLY.THANK YOU.
MASHIE NTOKOANE
Hallo i want to sell my shares i do not know how are they ? i tried to log on the website i was refferd to but in vain Please revert back to me
Hi
This piece might help: https://www.ujuh.co.za/how-to-join-the-empowerment-shares-trading/
I would like to know how much my shares are worth now. I bought in 2010 and I still want to keep them to help me with my child’s university fees. I sent my new residential Address … and never got response as to whether my address was updated or not. My contact number is …
MTN Zakhele shares were trading at R107.60 per share on Friday the 27th of February 2015. All you need to do is take the number of shares you own and times them by the trading price to get total value of your shares.
I bought shares in 2010 and would like to know for how long are we supposed to keep them, and if I want to trade them what is the procedure.
Since l buy shares on 2010 now I wnt to view my shares but I dnt knw where to check.
dear sir madam i do not recieve any correspondence any more from mtn group about my shares my id number is
i had an account and i sold those shares can i still use the very account if so can i be informed about that account and if it does have any balance and how are the shares sold
thank you
What is the value now of 500shares bought by 2010
I’v changed my details and I filled the form wich I downloaded and send the changes but have not received any response
I hv changed my telephone number n my bank account n tell me what is happening about my shares n send me de document so that I can fill my new details tnx
hollow there
I bought shares in 2010 and would like to know for how long are we supposed to keep them, and if I want to trade them what is the procedure
If a person wants to buy shares now how much do they cost at this stage?
The MTN Zakhele shares are currently trading at R118.52 per share (17th of June 2015)
Reading the above questions one is perplexed at how ignorant Black people (Africans) are of basic investment practices..Seriously speaking some drastic steps must be taken to educate them about basic investment knowledge. We hear so much about financial empowerment but without mastering basic investment principles it can only lead to an exercise in futility. The targetted beneficiaries have absolutely no idea about managing their investments and any successful financial empowerment cannot guarantee sustainable financial empowerment in the long term.. The SABC has a role to play in promoting financial education & the hugely popular Soapies shown daily and repeatedly should lean towards financial education. Recently an article in a local newspaper highlighted the rapid growth of Indian multimillionaires in the KZN area of Durban and surroundings,with a huge chunk of it being ascribed to financially empowered BEE beneficiaries. Unless those in authority take up this matter with the URENCY it deserves the dream of narrowing the wealth disparity will remain a pipedream and ultimately end up in a scrapheap..
You make a critical point. This platform limited as is in its reach is primarily designed to address the gap you refer to. One thing we have noted over the past three years of running this platform is that peer to peer teaching works best. More often than not, it is commentary from readers like yours which attract attention much more than our journalistic articles. In a nutshell, we are saying Each One Teach One has important role to play in addressing financial illiteracy.
Thank you for your detailed response but now I need for more information about the disadvantages /advantages of listing shares to JSE and keeping them?
Regards
Ntombizodwa
Good morning
I need to know more about listing of shares to JSE what are advantages/disadvantages of doing that and if I keep them in certificated will there be any growth?
Regards
Ntombizodwa Toko
Hi
These pieces might help you:
https://www.ujuh.co.za/five-tips-for-first-timers-in-the-investment-game/
https://www.ujuh.co.za/playing-the-investment-game-how-to-read-the-share-pages/
https://www.ujuh.co.za/how-to-teach-your-teen-about-investing/
https://www.ujuh.co.za/jse-teaching-youth-the-investment-game/
Shout if your question is not answered.
I want to know how much my shares are worth and how to sell them please..
I bought shares in 2010 for 3000r I want to know how much now
I bought shares for R4000 in 2010 I want to know how much are they now because I will like to sell them?
Write here…i send my email adr
Pls Forward me MTN Zakhele share Prices weekly.
Pls add me to your Data Base for future Development.
Tnx san
I bought shares in 2010 from mtn now I want to sell them what should I do?
I bought shares from mtn so now I need to sell them what should I do
I need to sell my shares so how do I do that
Kindly update me with the latest developments on MTN Zakhele Share scheme to assist people who would like to buy some shares
Hi.my late husband bought mtn zakheleshare.i want to know what to do.thanks
Hi.I’m MTNZ shareholder. I want to make my election. I choose Cash on my share. My email is .My id number is .My full names are:Leshabane Lilly Nkuna.
Hi . I’m MTNZ shareholder. I received an sms from you but unfortunately my phone got lost before I can respond to the message. Kindly send it again to enable me to make a choice, My particulars are as follows : Nthangeni Daniel ; nthangenid@gmail.com
Good day!
I bought Mtn Z shares in 2016. How much is my share balance?
i want to know how my shares worth and to view them…