A Fin24 user bought BEE shares a few years ago and wants to know what they would be worth today. He writes:
I purchased 300 Naspers (BEE) shares a few years back. What would be the "real" value of are these shares today?
I have read about Naspers shares reaching the R1 000 mark.
Meloy Horn, head of investor relations at Naspers [JSE:NPN], responds:
You did not stipulate which of the BEE shares you had bought.
Welkom Yizani is the biggest black economic empowerment share offer in the print media industry in South Africa.
When the share offer was launched in September 2006, it was three times subscribed with over 106 000 applications received for 14.6 million Welkom Yizani ordinary shares.
These shares are not trading at the moment and for more information see http://www.welkomyizani.co.za/
MultiChoice believes in Broad Based Black Economic Empowerment.
With this in mind, we created Phuthuma Nathi Investments, a wholly owned black South African company that now holds 20% of MultiChoice South Africa.
When launched, Phuthuma Nathi was the largest empowerment transaction in the listed media sector.
For information and the current trading price see http://www.phuthumanathi.co.za/(S(ait0jodyh12lqhyeykt4jbjb))/trading.aspx?page=logontotrade
- Fin24
Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.
Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.
Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.
I purchased 300 Naspers (BEE) shares a few years back. What would be the "real" value of are these shares today?
I have read about Naspers shares reaching the R1 000 mark.
Meloy Horn, head of investor relations at Naspers [JSE:NPN], responds:
You did not stipulate which of the BEE shares you had bought.
Welkom Yizani is the biggest black economic empowerment share offer in the print media industry in South Africa.
When the share offer was launched in September 2006, it was three times subscribed with over 106 000 applications received for 14.6 million Welkom Yizani ordinary shares.
These shares are not trading at the moment and for more information see http://www.welkomyizani.co.za/
MultiChoice believes in Broad Based Black Economic Empowerment.
With this in mind, we created Phuthuma Nathi Investments, a wholly owned black South African company that now holds 20% of MultiChoice South Africa.
When launched, Phuthuma Nathi was the largest empowerment transaction in the listed media sector.
For information and the current trading price see http://www.phuthumanathi.co.za/(S(ait0jodyh12lqhyeykt4jbjb))/trading.aspx?page=logontotrade
- Fin24
Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.
Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.
Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.