How to buy MTN Zakhele Futhi shares?

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We have received several queries from readers on how to buy MTN Zakhele Futhi shares. We have generated from MTN Zakhele Futhi’s prospectus a quick overview highlighting how to apply for the shares. For those looking for a professional advice, visit  Inkunzi Wealth Group website. By Gugu Lourie

Who can apply?

  • Black (African, Coloured, and Indian) South Africa citizens by birth or descent or who are citizens through naturalisation before 27 April 1994 or after that date, but who would have qualified for naturalisation before that date.
  • Black groups: Black Companies and Black Entities (Black people own at least 51% of the equity, exercise at least 51% of the voting rights, and participate in at least 51% of the economic interests therein).

When can you apply?

  • You can start buying the MTN Zakhele Futhi shares on 12 September 2016
  • The last day to buy the MTN Zakhele Futhi shares is on 21 October 2016.
  • Once the MTN Zakhele Futhi offer closes on 21 October 2016, the share allocation process will start, which can take up to 60 days to complete.

How much will it cost you to buy a MTN Zakhele Futhi share?

  • 1 MTN Zakhele Futhi share is equal to R20
  • Cash applicant must apply for at least 100 shares or spend R2000

How do you apply for the shares?

This quick overview gives you the highlights of how to apply for MTN Zakhele Futhi Shares
This quick overview gives you the highlights of how to apply for MTN Zakhele Futhi Shares (Photo credit: MTN Zakhele Futhi Prospectus)

Need a hand with your application for MTN Zakhele Futhi shares?

After the Offer Period closes, MTN Zakhele Futhi will determine whether your application was accepted and how many shares you’ll receive
After the Offer Period closes, MTN Zakhele Futhi will determine whether your application was accepted and how many shares you’ll receive (Photo credit: MTN Zakhele Futhi Prospectus)

How do you pay for the shares?

You can pay by cash or EFT.

Whatever amount you deposit in the bank account prior to 16:00 on 21 October 2016 will be used to apply for as many MTN Zakhele Futhi shares up to that amount (in multiples of R100), but only payments received before the dates below will be accepted.

Re-investment Applicants will not need to make a cash payment and the value of the scheme consideration due to you for the MTN Zakhele shares you elect to re-invest will be used to apply for as many MTN Zakhele Futhi Shares up to that amount.

You can however increase the shares applied for by depositing additional cash under the same terms as Cash Applicants

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46 COMMENTS

  1. Good day
    My name is Freedom Macdonald Mabunda. A previous beneficiary of MTN Zakhele scheme. I would like to know whether I can apply for the new Zakhele Futhi scheme.

    Kindly Regards

  2. Good day
    My name is Freedom Macdonald Mabunda. A previous beneficiary of MTN Zakhele scheme. I would like to know whether I can re-apply for the new Zakhele Futhi scheme.

    Kindly Regards

  3. I currently live abroad due to work assignment and cannot visit Nedbank branch for completing the process of purchasing. Is there any solution to my situation?

    Thank you in advance

    Sharon

    • For any additional queries, visit a participating Nedbank branch or call Nedbank contact centre at 083 900 6863 (toll-free for MTN subscribers only)

    • For any additional queries, visit a participating Nedbank branch or call Nedbank contact centre at 083 900 6863 (toll-free for MTN subscribers only)

    • For any additional queries, visit a participating Nedbank branch or call Nedbank contact centre at 083 900 6863 (toll-free for MTN subscribers only)

  4. i would like buy shares on behalf of my daughter who is 14 years old, can i act as Proxy for her and is the initial R2000,00, the only amount to be deposited, no administration charges? What documents do i/we need to bring along on application

    • For any additional queries, visit a participating Nedbank branch or call Nedbank contact centre at 083 900 6863 (toll-free for MTN subscribers only)

    • For any additional queries, visit a participating Nedbank branch or call Nedbank contact centre at 083 900 6863 (toll-free for MTN subscribers only)

  5. Comment:hello i need to knw if i want to apply for mtn zakhele shares can u explain for me coz ive read how to apply bt im not clear coz i want to knw how much can i pay and how many can i take for that amount thnx

    • For any additional queries, visit a participating Nedbank branch or call Nedbank contact centre at 083 900 6863 (toll-free for MTN subscribers only)

  6. Hi my name is Sindi I HV shares on Zakhele scheme ,my personal details HV changed including my bank details, my aim is to sell my Zakhele shares and buy Zakhele futhi share,what’s is the procedure, u can forward more information on sindimasedi.sa@gmail.com

    • For any additional queries, visit a participating Nedbank branch or call Nedbank contact centre at 083 900 6863 (toll-free for MTN subscribers only)

    • For any additional queries, visit a participating Nedbank branch or call Nedbank contact centre at 083 900 6863 (toll-free for MTN subscribers only)

  7. why do I need to open bank accounts for my minor children? this is added admin and very discouraging to invest on behalf of minor children. what is the reason behind the need for a bank account? tax? legal? make me understand this red tape please.

  8. why white people are excluded from this offer?
    could it be another internet scam to lure blacks. I am afraid I have lost much money so I dnt want to lose any more

  9. Gugu

    On the previous MTN scheme I applied with R 10 000 but I was allocated for R 2000. Why MTN allocate so little R 2000 worth of shares is not fare if one can afford a little more than that, and shore if MTN is on a path to changing life it shall afford people a decent amount of shares dont you think?

    Thanx

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