It hasn’t been a great few weeks for shareholders in MultiChoice Group’s (MCG) BEE vehicle, Phuthuma Nathi (PN). Since the video entertainment group announced the long-awaited terms of what’s being referred to as the “flip-up”, its sliding share price has made it steadily less enticing to the BEE shareholders.

In August MCG informed its BEE shareholders that they could swap a maximum of 20% of their PN shares at a rate of one PN share for 0.97 MCG shares. Nobody was impressed.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.