As a result, over 75,000 black shareholders from various backgrounds—ranging from domestic helpers and gardeners to professionals, stokvels, and small businesses—will receive R20.37 per share (R16.30 after dividend tax) during the first week of September.
“This share scheme is a testament to MultiChoice’s dedication to support participation, inclusivity and diversity in South Africa’s economy,” said Phuthuma Nathi chair, Mandla Langa.
“Since 2006, Phuthuma Nathi has received R19.1 billion in dividends from MultiChoice, which has allowed us to deliver exceptional value for our shareholders.”
An investment in Phuthuma Nathi of just R4 000 in 2006 would have yielded R42 400 in share value and more than R65 256 in dividends to date.
“This represents a 30% annual return over the past 18 years, significantly above market benchmarks.”
The investment return over time, as mentioned by the Phuthuma Nathi chair, can be explained as follows:
- Shares bought in 2006: If an investor bought 400 Phuthuma Nathi shares at R10 per share, the total investment would have been R4 000.
- Share value today: Based on a share price of R106, those same shares were worth R42 400 on 22 August 2024. (The share price declined this year due to challenging market conditions. Like other shares, the Phuthuma Nathi share price goes through fluctuations and is affected by market forces).
- Dividends received to date: Adding up all the dividends over time, the investor would have received a total of R65 256 in dividends after tax (including the dividend to be paid in September 2024).
- Total return on investment: Combining the gain in the share price and the dividends over time represents a total return of R 107 656 – which is 27 times the initial investment.
“It is unfortunate that some Phuthuma Nathi shareholders are missing out on these dividends. In certain instances they have not updated their banking details and in other cases they are deceased and the dividends are owed to their estates. We are actively reaching out to shareholders or their families to ensure they receive their dividends. We have embarked on an aggressive campaign since 2020 to reduce unclaimed dividends. Since then, a total of R116m in unclaimed dividends has been paid out, but an additional R215m remains unclaimed,” said Langa.
Anyone who has ever owned Phuthuma Nathi shares, or knows of someone in their family who did, should please reach out to the Phuthuma Nathi call centre, at 086 011 6226.
1 Comment
Thank you for the AGM meeting I attended yesterday. I just wanted to make you aware that we had stomach disorder after eating lunch yesterday. There are 4 people i contacted and also complained about stomach ache and diarrhea.