In February, MultiChoice SA – the pay-TV operator invited 22 000 Phuthuma Nathi shareholders, who did not receive dividends between 2006 and 2020, to claim their payouts.
However, few shareholders have responded to the call to claim their money.
Collen Dlamini, Corporate Affairs Executive Head for MultiChoice SA, told TechFinancials that only about 3 000 shareholders have claimed their money so far.
This implies that close to 19 000 other Phuthuma Nathi investors have not claimed their money.
Dlamini said MultiChoice SA must still payout R173 million of unclaimed dividends for Phuthuma Nathi.
The Randburg-based company has also used social media to inform Phuthuma Nathi shareholders of their unclaimed money.
The MultiChoice BBBEE share scheme, Phuthuma Nathi, is one of the most successful schemes in South Africa. It is genuinely broad-based with more than 80 000 black shareholders from all walks of life.
The empowerment scheme has been paying dividends every year since the start of the scheme in 2006.
Some of the reasons why dividends were not paid could be because personal details such as banking details might have changed and not updated with Phuthuma Nathi or that the shareholder had passed on.
Shareholders can claim their dividends by contacting the Phuthuma Nathi call centre on 086 011 6226 or logging in to the website at www.phuthumanathi.co.za.
