<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5970757852001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Black South African investors looking to trade their shares in MultiChoice and Media24’s broad-based black economic empowerment schemes, Phuthuma Nathi and Welkom Yizani or Motus’ Ukhamba 2 can now do so on Equity Express Securities Exchange. Anthony Wilmot, CEO of Equity Express Securities Exchange joins CNBC Africa for more.</p>


How to trade shares in broad-based black economic empowerment schemes

<p><em>Shareholders of  MultiChoice&#8217;s broad-based black economic empowerment scheme Phuthuma Nathi will receive R1.3bn in ordinary dividends or 1 926 cents a share. Read Phuthuma Nathi&#8217;s statement below&#8230;</em></p>
<p>Nolo Letele, Chair of MultiChoice South Africa Holdings, said: “We are proud of our BBBEE scheme, Phuthuma Nathi, and our contribution to economic transformation in South Africa. Today, black South Africans have more than 55% financial ownership of MultiChoice, through shareholdings in Naspers and the Phuthuma Nathi share schemes. Our board is made up of 60% black and 30% women directors. 87% of our employees are black and 51% are women. This is an excellent achievement for our group.”</p>
<p>Phuthuma Nathi shareholders will receive an ordinary dividend of 1 926 cents per ordinary share. The dividend, less 20% dividend withholding tax, will be paid to shareholders on or about 6 September 2017.</p>
<p>Chair of Phuthuma Nathi, Mandla Langa, said: “Our Phuthuma Nathi share scheme is an economic transformation success story.  We&#8217;re proud to announce that, despite a tough economic environment, we will again pay dividends to our shareholders this year. Since launching Phuthuma Nathi 11 years ago, shareholders have received dividends each year – starting at 43 cents in the first year and increasing to 1 926 cents per ordinary share this year. These dividends make a big difference in the lives of our shareholders.”</p>
<p>&nbsp;</p>


Phuthuma Nathi

How to trade shares in broad-based black economic empowerment schemes

MultiChoice’s Phuthuma Nathi shareholders to get dividend bonanza

News Tips

Advertise With Us

Phuthuma Nathi

How to trade shares in broad-based black economic empowerment schemes

MultiChoice’s Phuthuma Nathi shareholders to get dividend bonanza

News Tips

Advertise With Us

Newsletters