MTN Zakhele Futhi RF Ltd. (MTNZF)

Overview

MTN Zakhele Futhi (RF) Limited is an investment entity based in Sandton, South Africa, with a primary aim of facilitating Broad-Based Black Economic Empowerment (BBBEE) transactions for the MTN Group. Established in 2016, it serves as a special purpose vehicle (SPV) designed to acquire and manage shares in the MTN Group for the benefit of the black South African public. This initiative aligns with the broader economic empowerment objectives in South Africa, aiming to increase black ownership and participation in the economy through significant and meaningful investment opportunities.

Products and Services

The core activities of MTN Zakhele Futhi (RF) Limited revolve around its investment services, designed specifically for the empowerment of the black South African community. These can be broken down into the following key areas:

• Acquisition of MTN Shares: The company acquires shares in the MTN Group, one of Africa's largest telecommunications operators, on behalf of its participants. This allows black South Africans to indirectly own and benefit from the performance of MTN through their investment in MTN Zakhele Futhi.
• Holding and Management of Shares: Beyond acquisition, MTN Zakhele Futhi takes on the responsibility of holding and managing these shares. This includes overseeing the performance, dividends, and any other financial benefits accruing from these shares, ensuring that participants gain maximally from their investment.