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Tag: empowerment

MTN empowerment investors see ‘modest’ return as Zakhele Futhi winds up
  • Tech

MTN empowerment investors see ‘modest’ return as Zakhele Futhi winds up

eriinfo.com10 months ago04 mins

A sign outside MTN Group’s head office in Johannesburg. Image: TechCentral Shareholders in MTN Group’s long-running black empower scheme known as MTN Zakhele Futhi can look forward to a payout later this month – and a modest profit on their investment. The scheme, which is in the process of being unwound, will begin distributions to…

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Starlink considers R2 billion South Africa investment to navigate empowerment rules
  • Tech

Starlink considers R2 billion South Africa investment to navigate empowerment rules

eriinfo.com10 months ago03 mins

Elon Musk’s Starlink is reportedly mulling a significant R2 billion investment in South Africa as a potential strategy to secure an operating license, according to anonymous sources cited by Business Day. This move could be a way for the satellite internet company to work around South Africa’s black empowerment regulations. Read: Nothing Phone 3: A…

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