Vodacom’s YeboYethu BEE scheme smashes it – six-bagger in ten years, with more to come
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In 2008 Vodacom SA attracted 85,000 new black shareholders in a public offer of shares via the widely publicised YeboYethu transaction. With 8,500 Vodacom staffers also opting into the scheme, this innovative, Black Economic Empowerment (BEE) transaction was one of the largest of its kind and, as it turns out, a hugely successful one for those who invested in it. They’ll be getting back, in cash, a multiple of the original capital that was put in, plus a significant stake that’s now being reinvested in YeboYethu 2. At almost R16.5bn this is the largest single, empowerment transaction in the ICT sector in SA to date. RMB Corporate Finance transactor, Kgolo Qwelane has been intimately involved in this year-long project that drew on experts in various departments at the bank. Learn more about your ad choices. Visit megaphone.fm/adchoices
In 2008 Vodacom SA attracted 85,000 new black shareholders in a public offer of shares via the widely publicised YeboYethu transaction. With 8,500 Vodacom staffers also opting into the scheme, this innovative, Black Economic Empowerment (BEE) transaction was one of the largest of its kind and, as it turns out, a hugely successful one for those who invested in it. They’ll be getting back, in cash, a multiple of the original capital that was put in, plus a significant stake that’s now being reinvested in YeboYethu 2. At almost R16.5bn this is the largest single, empowerment transaction in the ICT sector in SA to date. RMB Corporate Finance transactor, Kgolo Qwelane has been intimately involved in this year-long project that drew on experts in various departments at the bank. Learn more about your ad choices. Visit megaphone.fm/adchoices
