https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Financial|Services
Financial|Services
financial|services
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

MTN Zakhele lists on JSE

MTN Zakhele lists on JSE

5th November 2015

By: RDM News Wire

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

MTN Zakhele on Thursday became the the first company to list on the Empowerment Segment of the JSE this year.

The listing of MTN Zakhele‚ which was “established as a vehicle for previously disadvantaged South Africans to invest in MTN Group”‚ follows a directive from the Financial Services Board to ensure that all over-the-counter (OTC) share trading platforms become regulated.

Advertisement

MTN Zakhele chairperson Sindi Mabaso-Koyana described it as “a significant milestone for our shareholders”.

“The listing…provides MTN Zakhele shareholders with several advantages. In particular‚ the JSE listing provides shareholders with regulatory certainty for trading their MTN Zakhele shares‚” Mabaso-Koyana said in a statement.

Advertisement

“We anticipate that a listing will provide black participants with greater liquidity in comparison with the OTC share trading platform; with price discovery‚ as the JSE’s share prices are publically available across most print and online financial publications.”

The statement made no mention of the $5.2-billion fine the embattled MTN Group – in which MTN Zakhele has a 4% stake – is facing from regulators in Nigeria for failing to disconnect customers with unregistered phone cards.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now