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FREQUENTLY ASKED QUESTIONS


GeneralBuyingSellingTransfersValuationFraud Handling

GENERAL TRADING INFORMATION ?

On 17 March 2017, the Registrar of Securities Services (the "Registrar") agreed to extend Phuthuma Nathi and Phuthuma Nathi 2’s exemptions for a period until 6 months after the Registrar's decision on whether or not to grant an exchange licence to Yizani Phuthuma Nathi ("YPN"). Phuthuma Nathi and Phuthuma Nathi 2 continue to engage productively and meaningfully with the Registrar in all respects.

WHAT IS TRADING?

Trading is the process whereby the shareholders of Phuthuma Nathi and Phuthuma Nathi 2 (in this instance) sell their shares to other Black people or entities that buy the shares.

MOST PEOPLE DON'T UNDERSTAND TRADING IN SHARES, HOW DID MULTICHOICE ENSURE TRADING IS SIMPLE FOR MOST PEOPLE?

MultiChoice implemented an extensive communication campaign to educate its then current shareholders and prospective shareholders in 2011. These included communicating directly with the then current shareholders, which started during the AGM in September 2011. Other communication methods included the internet, call centre, media (print and electronic), Facebook as well as an information video that looped on DStv.

HOW ARE YOU MAKING SURE THAT THERE IS NO FRONTING?

Rigorous verification processes are in place to ensure that only qualifying Black people are in the scheme. As per the rules, should a person be found to be fronting we can buy back their shares at par value 0.0000001 cents.

WHO QUALIFIES TO PARTICIPATE?

  • African, Coloured or Indian persons who are natural persons and who are citizens of the Republic by birth or descent. Only Black South African groups who are citizens of the Republic by naturalisation before 27 April 1994 or became citizens of the Republic after 27 April 1994, but who, but for the Apartheid policy, would have been entitled to acquire citizenship by naturalisation prior to that date.
  • Black entities as permitted in Phuthuma Nathi’s Memorandum of Incorporation. To confirm that you qualify, contact the call centre on 0860 116 226.

HOW DO I TRADE SHARES?

You can buy or sell shares via the over the counter platform that we have developed. This can be accessed directly through the internet at www.phuthuma.co.za or by calling the Phuthuma Nathi call centre at 0860 116 226.

WHAT ARE THE REQUIREMENTS TO TRADE?

  • For existing shareholders, you need to first verify your status to be able to buy or sell shares.
  • If you are not a shareholder, you need to register first before you are able to buy shares.
  • Verification and registration started in November 2011 and can be conducted directly through the internet or via the telephone.
    • Certain FICA and BEE documentation may be required. These include;
    • Certified copy of South African ID Document
    • Bank statement not older than 3 months (not internet statement); or
    • Signed and stamped letter from your bank confirming banking details
    • Proof of residence
  • You also need to sign terms and conditions
  • A trading account will then be opened

WE ORIGINALLY BOUGHT SHARES AS A COMPANY, THAT HAS SUBSEQUENTLY BEEN DEREGISTERED. WHAT MUST WE DO BEFORE WE CAN SELL THE DEREGISTERED COMPANY SHAREHOLDER’S SHARES?

If the company was deregistered by shareholder resolution, then the shares must be disposed of in the manner indicated in this resolution. Send us a certified copy of this document along with the other founding documents of the deregistered company.

If the company was deregistered by CIPC for non-lodgement of annual returns, the directors should apply for reinstatement. In the strict terms of the law, the company in its deregistered state, as a shareholder, is in breach of its obligations in terms of the rules of the scheme which could result in the directors being required to cancel the shares registered in the company's name at no value. In this case there is no alternative but to restore the registration of the company. This process is relatively simple and involves the provision of updated information to CIPC together with the payment of company duty and penalties for the period the company has been deregistered.

WHAT ARE THE FEES CHARGED AND WHY DO I HAVE TO PAY FEES?

The fees charged are 1.5% of the value of the trade plus VAT on trading fees and securities transfer tax. The fees are for the management of the service and tax.

WHAT HAPPENS IF I CANNOT GET A BUYER FOR MY SHARES?

Your order to sell will remain on the system for 90 days (unless you ask for a lesser period) and if it is not matched by the end of that time your order will lapse and the shares will remain yours.

WHEN DID TRADING START?

Phuthuma Nathi or Phuthuma Nathi 2 shares could be traded from 8 December 2011. Trade instructions can be submitted either via the online trading platform at www.phuthuma.co.za or via the call centre on 0860 116 226.

HOW LONG WILL THE TRADING PLATFORM BE IN OPERATION FOR?

The trading platform will remain in operation until Phuthuma Nathi or Phuthuma Nathi 2 cease to exist. All shareholders will be informed if there is any change in this.

WHAT ARE THE TRADING HOURS?

Trading hours are weekdays between 09h00 and 17h00 excluding public holidays. Shareholders can load buy bids and sell offers outside of trading hours via the online trading platform at www.phuthuma.co.za but these will only be matched within trading hours.

HOW DO I ACCESS THE ONLINE TRADING PLATFORM?

Go to www.phuthuma.co.za and log in using your shareholder number and password.

HOW DO I KNOW WHAT MY SHAREHOLDER NUMBER AND PASSWORD FOR TRADING IS?

An existing shareholder or authorised representative of a shareholder will have received a shareholder number and password by SMS on verification. A new shareholder or authorised representative of a shareholder will receive a shareholder number and password by SMS after their registration is complete.

WHAT DO I DO IF I FORGET MY PASSWORD?

Contact the call centre on 0860 116 226 and ask one of the agents to reset your password for you. You will be sent a new password via SMS.

WHAT DO I DO IF I FORGET MY SHAREHOLDER NUMBER?

Contact the call centre on 0860 116 226 and ask one of the agents to provide you with your shareholder number.

WHAT IF I DO NOT RECEIVE AN SMS?

Contact the call centre on 0860 116 226 to update your cell phone number and reset your password.

HOW DO I CHANGE MY PASSWORD?

Go to www.phuthuma.co.za, enter your shareholder number and click on Change Password. You will be requested to enter the old password first before changing to the new password.

I SUBMITTED A TRADE REQUEST A WHILE BACK BUT I RECEIVED NOTIFICATION THAT IT HAS NOW EXPIRED. WHAT SHOULD I DO?

Pending trade instructions remain in the matching engine for a maximum of 90 days or less depending on what you stipulated at the time it was loaded. You can re-submit a trade request, either via the online trading platform at www.phuthuma.co.za or via the call centre on 0860 116 226, if you wish to do so. The alternative is to do nothing if you no longer wish to sell or buy shares for the moment.

WHO CAN I CONTACT IF I HAVE A QUERY REGARDING THE ONLINE TRADING PLATFORM?

You can speak to any of the consultants in the Phuthuma Nathi call centre on 0860 116 226. Alternatively, you can email a consultant at phuthumanathi@equityexpress.co.za and they will endeavour to respond in the quickest possible time.

HOW WILL I KNOW IF MY TRADE HAS BEEN MATCHED?

You will receive an SMS notifying you that your trade has been matched.

WHAT IS MEANT BY THE NET ASSET VALUE (NAV) OF A PHUTHUMA NATHI SHARE?

The net asset value per share, or NAV per share, is the net worth of one share in Phuthuma Nathi or Phuthuma Nathi 2 and is determined using volume weighted average price (VWAP) of the MCSA share price for any particular month.

WHY IS THE CURRENT MARKET PRICE DIFFERENT FROM THE VALUE PER SHARE?

This is an open market and the market price is determined by what the sellers and buyers in the market are willing to sell their shares at and buy share for, respectively.

WHAT PRICE SHOULD I TRADE MY SHARES AT?

Phuthuma Nathi and its agents are not registered brokers and cannot provide investment advice. You should seek investment advice from a financial advisor or broker in this regard. We merely facilitate the trading process. However, shareholders have access to the following information on the Phuthuma Nathi website or via the Call Centre to help with price setting:

  • A history of the last 20 trades and the prices at which the shares were traded
  • The 5 lowest prices that sellers are prepared to sell their shares at and the number of shares
  • The 5 highest prices that buyers are prepared to pay for shares and the number of shares

HOW ARE TRADES MATCHED?

Trade requests (buy bids and sell orders) are first ranked according to the price you request. Trade requests of the same price are ranked depending on when they entered the market. Any subsequent trade requests will be immediately executable if it is a buy bid at a price at or above the lowest sell offer in the market or a sell order at a price at or below the highest bid in the market.

HOW DO I CANCEL A PENDING TRADE REQUEST?

Log on to your trading profile on www.phuthuma.co.za using your shareholder number and password and go to the 'Trading' - 'View / Cancel Orders' section to cancel your pending trade request. Alternatively, you can contact the call centre on 0860 116 226 to update these details. Any partial matches that have occurred prior to the cancellation cannot be reversed.

CAN I ADJUST THE PRICE ON MY PENDING TRADE REQUEST?

No, but you can cancel the pending trade request and re-submit it at the new price. Any partial matches that have occurred prior to the cancellation cannot be reversed.

IF MY TRADE REQUEST HAS PARTIALLY MATCHED AND I CANCEL THE REMAINING REQUEST AND RELOAD IT AT A NEW PRICE WILL I BE CHARGED ANOTHER TRANSACTION FEE WHEN THE TRADE MATCHES?

Yes, the resubmitted trade request will be treated as a separate transaction and a transaction fee will apply.

WHAT IS THE CURRENT MARKET PRICE PER PHUTHUMA NATHI / PHUTHUMA NATHI 2 SHARE?

Live trade and price information is available on the Phuthuma Nathi website www.phuthuma.co.za at all times or you can call the call centre on 0860 116 226 during trading hours.

CAN I CHANGE THE METHOD OF COMMUNICATION I RECEIVE RELATING TO TRANSACTIONS ON MY ACCOUNT?

Yes, log on to your trading profile on www.phuthuma.co.za using your shareholder number and password and go to the 'Account' – ‘Preferences’ section to change your communication settings. Alternatively, you can contact the call centre on 0860 116 226 and ask an agent to change this for you.

NON-COMPLIANCE WITH THE REVISED BEE CODES AND SUSPENSION OF YOUR ACCOUNT

In order for a company or entity to be a shareholder the relevant company or entity must be recognised as a Black Majority Owned Company/Entity in terms of B-BBEE legislation in force from time to time. The revised B-BEE codes have increased the black shareholder ownership percentage from 50.1% under the old codes to a minimum of 51%. Should the most recent B-BEE certificate that we have received reflect that the black shareholding in your company/entity is less than 51%, your company is not compliant. Please ensure that your shareholding structure is revised so that it meets the 51% minimum. No dividends will be paid to your company until your company is compliant. Your account will also be suspended on the dividend payment date if your company is not compliant.

NON-COMPLIANCE WITH NO VALID CURRENT BEE CERTIFICATE

BEE certificates have to be provided annually by your organisation for your organisation to be compliant with the rules of the Phuthuma Nathi scheme. If we do not have a valid BEE certificate or affidavit from you, your organisation is non-compliant. No dividends will be paid to your company until your company is compliant. Your account will also be suspended on the dividend payment date if we do not receive your BEE certificate by that date. Please be aware that the revised BEE codes have increased the black shareholder ownership percentage from 50.1% on the old codes to a minimum of 51% on the new codes. If your organisation has an annual turnover of R50 million or less, a BEE certificate is not required but an affidavit to this effect is required. Please visit the Phuthuma Nathi website www.phuthuma.co.za or you can call the call centre on 0860 116 226 during trading hours to assist with this.

BUYING SHARES ?

HOW DO PEOPLE BUY SHARES?

You can buy shares directly through the internet or via the call centre, where the agent will take through a step by step process. These are the key steps you will follow when you buy through the internet or via the call centre;

  • Deposit money into the Phuthuma Nathi account
  • Place your order by providing the following information:
    • the Number of shares you wish to buy;
    • the Price per share you are willing to pay for the shares.
    • how long you want your order to last (Enter expiry date)
  • Confirm and accept cost of the shares, including taxes and administration fees.
  • Your order will be entered into the market for potential buyers and sellers to view
  • The buyers order will be matched or successfully processed if;
    • The price of the buyer is the same as that of the seller
    • The price of the buyer is higher or equal to the lowest price of the sellers

CAN YOU BUY SHARES ON BEHALF OF OTHER PEOPLE?

You can only buy on behalf of a black South African individual or group under certain circumstances – for eg guardian of a minor, representative of a group or company. You have to first register or verify your status as an authorised person.

HOW MUCH DOES IT COST TO BUY SHARES?

Administration cost on each buy transaction is 1.5% of the value of the trade subject to a minimum of R213. Securities Transfer Tax (STT) at 0.25% of the value of the trade.

HOW MUCH TAX WILL I PAY IF I BUY SHARES?

Buyers will pay Securities Transfer Tax (STT) at 0.25% of the value of the trade before the shares are transferred into your own name. This will occur automatically as part of the buying process. Buyers will pay VAT on administration / trading costs.

WHEN DO I NEED TO DEPOSIT MONEY FOR THE PURCHASE OF THE SHARES?

Deposit money into the Phuthuma Nathi / Phuthuma Nathi 2 bank account before you submit your buy bid. Once the funds have been allocated to your trading account you will be able to submit your buy order either via the online trading platform at www.phuthuma.co.za or via the call centre on 0860 116 226.

WHAT FORMS OF PAYMENTS ARE PERMITTED?

Only cash deposits (cash to the over the counter trades a maximum amount of R5 000) and EFTs are allowed. No cheques are allowed.

I WANT TO BUY SHARES VIA THE ONLINE TRADING PLATFORM BUT MY CASH BALANCE IS R0.00. WHAT SHOULD I DO?

Deposit money into the Phuthuma Nathi / Phuthuma Nathi 2 bank account and ensure that you use you shareholder number as the beneficiary reference. Deposits take 2 to 3 working days to appear on your trading account cash balance and you will be notified as such via SMS. Once the funds have been allocated to your trading account you will be able to submit your buy order either via the online trading platform at www.phuthuma.co.za or via the call centre on 0860 116 226.

HOW MUCH MONEY SHOULD I DEPOSIT INTO THE PHUTHUMA NATHI ACCOUNT?

That depends on the funds you have available to spend or the number of share you wish to buy. On the online trading platform at www.phuthuma.co.za there is a share purchase calculator tool that will assist you in estimating the deposit required based on your requirements.

WHAT ARE THE PHUTHUMA NATHI BANK ACCOUNT DETAILS?

You may request the bank account details for Phuthuma Nathi from the call centre on 0860 116 226 after you have been successfully identified and verified in terms of FICA.

WHAT ARE THE PHUTHUMA NATHI 2 BANK ACCOUNT DETAILS?

You may request the bank account details for Phuthuma Nathi 2 from the call centre on 0860 116 226 after you have been successfully identified and verified in terms of FICA.

I MADE A DEPOSIT INTO THE PHUTHUMA NATHI / PHUTHUMA NATHI 2 BANK ACCOUNT. WHEN CAN I GO AHEAD AND BUY SHARES?

Deposits take 2 to 3 working days to appear on your trading account cash balance and you will be notified as such via SMS. Once the funds have been allocated to your trading account you will be able to submit your buy order either via the online trading platform at www.phuthuma.co.za or via the call centre on 0860 116 226.

I MADE A DEPOSIT INTO THE PHUTHUMA NATHI / PHUTHUMA NATHI 2 BANK ACCOUNT BUT I DID NOT RECEIVE NOTIFICATION THAT IT HAD BEEN ALLOCATED TO MY TRADING ACCOUNT. WHAT MUST I DO?

Email or fax proof of payment to phuthumanathi@equityexpress.co.za or 0860 116 226 and put your shareholder number in the subject heading. The deposit will then be manually allocated to your trading account and you will be notified thereof by SMS or email.

CAN I SUBMIT A BUY BID BEFORE MAKING A DEPOSIT INTO THE PHUTHUMA NATHI / PHUTHUMA NATHI 2 BANK ACCOUNT?

No, trades will not be subject to credit risk and therefore a buyer must deposit money into the Phuthuma Nathi / Phuthuma Nathi 2 bank account before submitting a buy bid. You will only be permitted to buy shares if you have enough money in the trading account to cover the purchase price, the administration fee and the securities transfer tax (STT).

ARE THERE LIMITATIONS ON HOW MANY SHARES ONE CAN BUY?

Yes, there is a 10% maximum ownership (directly or in concert) shareholding rule applicable per shareholder. Any attempt to buy more than this will fail.

HOW DO I PAY FOR THE SHARES?

Deposit money into the Phuthuma Nathi / Phuthuma Nathi 2 bank account and ensure that you use you shareholder number as the beneficiary reference.

I LOADED A BUY BID ON THE ONLINE TRADING PLATFORM BUT IMMEDIATELY RECEIVED NOTIFICATION THAT IT HAD BEEN CANCELLED. WHY DID THIS HAPPEN?

It is mostly likely that your BEE status has not been verified or, in the case or entity shareholders, your BEE certificate is missing from our records or has expired. Contact the call centre on 0860 116 226 to verify your BEE status.

SELLING SHARES ?

HOW DO PEOPLE SELL SHARES?

You can sell shares directly through the internet or via the call centre, where the agent will take through a step by step process. These are the key steps you will follow when you sell through the internet or via the call centre;

  • To sell your shares, you need to provide the following information:
    • The Number of shares you wish to sell;
    • The Price per share you are willing to sell the shares for.
    • How long you want your order to last (expiry date)
  • Confirm and accept the likely value of your transaction, less taxes and administration fees.
  • Your order will be entered into the market for potential buyers and sellers to view
  • The sellers order will be matched or successfully processed if;
    • The price of the seller is the same as that of the buyer
    • The price of the seller is lower than or equal to the highest price of the buyers

CAN YOU SELL SHARES ON BEHALF OF OTHER PEOPLE?

You can only sell on behalf of a black South African individual or group under certain circumstances – for eg guardian of a minor, representative of a group or company. You have to first register or verify your status as an authorised person.

HOW MUCH DOES IT COST TO SELL SHARES?

Administration cost on each sale transaction is 1.5% of the value of the trade subject to a minimum of R213.

HOW MUCH TAX WILL I PAY IF I SELL SHARES?

Sellers are liable to pay tax on the gain they make and this is subject to capital gains tax or income tax depending on the seller’s tax position. Neither Phuthuma Nathi nor Phuthuma Nathi 2 is a tax advisor so you should seek tax advice in your personal capacity. Tax will NOT be deducted automatically as part of the selling process.

I SOLD MY PHUTHUMA NATHI SHARES. WHEN WILL I GET MY MONEY?

You can expect to receive the money in your bank account 3 to 5 working days after your sell order has been matched and you have been received an SMS or email notifying you of this.

CAN I KEEP THE MONEY FROM MY SHARE SALE PROCEEDS WITH PHUTHUMA NATHI?

Yes, the seller can choose to keep the proceeds in his trading account for future use. You can request a withdrawal at any time either via the online trading platform at www.phuthuma.co.za or via the call centre on 0860 116 226.

HOW LONG DOES IT TAKE TO PAY THE MONEY ONCE THE SELLING PROCESS IS COMPLETE?

Once the selling process is complete, you can select the following payment options:

  • The money will be transferred to your banking account; or
  • The money will be kept in your trading account if you want buy more shares; or
  • Part of your money will be transferred to your banking account and the balance to remain in your trading account
  • If no activity on your trading account after 90 days your money will be automatically refunded to you.

WHAT DO I DO IF I WANT TO WITHDRAW FROM MY TRADING ACCOUNT?

You can request a withdrawal at any time either via the online trading platform at www.phuthuma.co.za or via the call centre on 0860 116 226.

WHEN WILL MY WITHDRAWAL REFLECT ON MY BANK ACCOUNT?

You can expect to receive the money in your bank account 3 to 5 working days after your withdrawal request.

I HAVE BECOME INSOLVENT AND MY ESTATE IS BEING SEQUESTRATED. I NEED TO SELL TO SELL MY PHUTHUMA NATHI SHARES.

You should ask your liquidator to contact the call centre on 0860 116 226. Your estate will be permitted to transfer your shares to an eligible Black Person having at least a similar or higher BEE status/rating than yourself, in terms of the Memorandum of Incorporation.

TRANSFERS ?

IF I WANT TO DONATE/TRANSFER MY SHARES TO MY DEPENDANTS, RELATIVES AND FAMILY HOW DO I DO THAT?

Contact the Phuthuma Nathi call centre on 0860 116 226. These requests are handled by the transfer secretaries.

MY RELATIVE HAS DIED AND HAS A PHUTHUMA NATHI SHARE CERTIFICATE. WHAT MUST I DO?

Contact the call centre on 0860 116 226. Your relative's estate will be permitted to transfer their shares to an eligible Black Person having at least a similar or higher BEE status/rating than your relative, in terms of the Memorandum of Incorporation.

Fraud Handling ?

I received an email to deposit money into a bank account so I can trade Phuthuma Nathi shares. What is this about? Who sent this email and why did I receive it?

This is a scam. The email does not come from Phuthuma Nathi. Phuthuma Nathi will never send you emails or sms's to trade Phuthuma Nathi shares. Please do not pay any funds to anybody to trade Phuthuma Nathi shares. You can only trade Phuthuma Nathi shares in 2 ways: through the Phuthuma Nathi website (www.phuthuma.co.za) or the call centre (0860 116 226). If you have any queries please contact Phuthuma Nathi's call centre on 0860 116 226 or email us at phuthumanathi@equityexpress.co.za.

I didn't know about this new way of trading Phuthuma Nathi shares whereby you are invited to trade by email or SMS. When did this start?

This is a scam. There are only 2 ways in which you can trade Phuthuma Nathi shares. Only through the Phuthuma Nathi website (www.phuthuma.co.za) or the call centre (0860 116 226). If you have any queries please contact Phuthuma Nathi's call centre on 0860 116 226 or email us at phuthumanathi@equityexpress.co.za.

Why doesn't Phuthuma Nathi or MultiChoice stop these fraudsters?

Phuthuma Nathi or MultiChoice does not have control over third parties sending fraudulent messages to members of the public, including its investors. Phuthuma Nathi and MultiChoice can only make sure that investors and members of the public have access to the correct information on the Phuthuma Nathi trading website so they can make informed decisions. Only the South African Police Service has the power to investigate and apprehend perpetrators of criminal activity like the fraudulent activity mentioned here. Please report any suspected fraudulent activity to the SAPS as soon as possible.

I have deposited money into a bank account to trade Phuthuma Nathi shares but heard nothing afterwards. What now? Will I get my money or Phuthuma Nathi shares?

There are only 2 ways in which you can trade Phuthuma Nathi shares. Only through the Phuthuma Nathi website (www.phuthuma.co.za) or the call centre (0860 116 226). If you have any queries please contact Phuthuma Nathi's call centre on 0860 116 226 or email us at phuthumanathi@equityexpress.co.za. Please note that if you have not contacted the official Phuthuma Nathi contact details which are published on our website and purchased shares through a third party not officially and publicly appointed by Phuthuma Nathi then we cannot assist you. Please contact the South African Police Service (SAPS) and report the matter urgently.

What is Phuthuma Nathi and MultiChoice doing to help shareholders and the investing public about this fraudulent activity targeted at the Phuthuma Nathi platform?

Phuthuma Nathi and MultiChoice have published and issued fraudulent email alerts in national newspapers as a means to alert the South African public about the fraudulent activity targeted at Phuthuma Nathi. It has also published the alert on the Phuthuma Nathi trading website. Investors can also access a fact sheet and question and answer section on the Phuthuma Nathi website in order to obtain more information. Further to the above, members of the public (including our investors) are reminded that matters relating to fraud fall within the jurisdiction of the South African Police (SAPS) and must be reported to SAPS as soon as possible.

Can fraudulent activity like this not be picked up by the trading platform administrator, Singular Systems t/a Equity Express's surveillance systems?

Unfortunately not. The fraudsters present false banking and contact details to members of the public, including investors. The information and activity never reaches Phuthuma Nathi or Singular Systems. Once the victims pay funds over to fraudsters, the funds and the fraudsters disappear.

VALUATION ?

WHY IS MULTICHOICE NOT BUYING THESE SHARES?.

MultiChoice issued the Phuthuma Nathi shares in 2006 as part of its broad based black economic empowerment scheme, which resulted in black South Africans owning 20% of the company. If MultiChoice buys the Phuthuma Nathi shares, shareholding from black South Africans will be eroded and the company will not be able to fulfill its BEE obligation. All companies are currently required to have black ownership in terms of BEE.

DO YOU HAVE A MINIMUM OR MAXIMUM NUMBER OF SHARES PEOPLE CAN BUY OR SELL AND WHY?

In terms of the rules of the scheme when it was set up, the minimum number of shares was 20 shares and the maximum number of shares that could be bought by an individual or group was 10% of the total issued shares. This rule still applies and it is to ensure that MultiChoice retains a broad-based shareholding.

WHY ARE THE PHUTHUMA NATHI SHARES NOT LISTED ON THE JSE?

MultiChoice conducted research on the best platform to facilitate the buying and selling of the Phuthuma Nathi. We then decided to establish an over the counter trading platform.


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