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MTN Zakhele Futhi winds down after years of share value decline

eriinfo.com3 months ago06 mins

MTN Zakhele Futhi’s only asset is MTN shares. As MTN’s empowerment fund starts to wind down, the picture for shareholders looks bleak given that its shares have fallen sharply and dividends have been sparse. MTN Zakhele Futhi (MTNZF) was launched in 2016 to replace MTN’s original Zakhele Scheme, which ran from 2010 and was unwound…

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

eriinfo.com4 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…