Vodacom’s Yebo Yethu shareholders can expect to share R3 Billion in returns when the Yebo Yethu scheme unwinds in October 2018.
On Monday, the telecommunications company announced it will increase the stake held by black shareholders by up to 6.25% in a R17.5 billion black empowerment transaction.
Eight years ago Vodacom sold part of the company to black South Africans at a discount. The company sold 14.4 million shares to black investors at R25 per share.
The Yebo Yethu shares started trading at R55 on the Johannesburg Stock Exchange which valued the company then at R792 million.
Yebo Yethu Chairperson Zarina Bassa explains that share trading is about empowerment.
Buying a stake in a company means that one has to track the company’s financial performance, its challenges and future prospects.
The Yebo Yethu website – www.yeboyethu.co.za – has all the details of how you can go about buying or selling shares.
The process involves registering your details, choosing a broker to help you with the process if you so wish, understanding the trading process as well as buying and selling of shares.
