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| Industry | Investment |
|---|---|
| Founded | 2006 |
| Website | https://www.phuthumanathi.co.za/ |
Phuthuma Nathi
editPhuthuma Nathi is a black economic empowerment (BEE) share scheme launched in 2006[1] to provide equity ownership for black South Africans[2] in MultiChoice South Africa, a video entertainment provider. The scheme holds a 25% stake in MultiChoice South Africa[3] and has over 75,000 shareholders[4] from various demographic groups. It was established as part of South Africa's efforts to address economic disparities[5] through the broad-based black economic empowerment framework.
Since its inception, Phuthuma Nathi has distributed dividends, with total payouts amounting to R17.8 billion as of September 2023[6]. Despite these distributions, the scheme has encountered challenges, such as a significant amount of unclaimed dividends[7], prompting ongoing efforts to trace shareholders and facilitate their payout claims. Phuthuma Nathi is often referenced in discussions about equity ownership and its role in the economic landscape of South Africa.[8]
External links
editReferences
edit- ^ "Phuthuma Nathi dividends 'make a difference in shareholders' lives'".
- ^ Across Boundaries: A Life in the Media in a Time of Change by Ton Vosloo:.
- ^ "Over R200m in Phuthuma Nathi dividends still unclaimed".
- ^ Moyo, Admire (2024-08-28). "MultiChoice BEE scheme Phuthuma Nathi to pay out R1.3bn". ITWeb. Retrieved 2024-11-18.
- ^ "UNU-WIDER : Policy Brief : Reducing inequalities in South Africa". www.wider.unu.edu. Retrieved 2024-11-18.
- ^ "The MultiChoice Group". MultiChoice. Retrieved 2024-11-18.
- ^ "Claim your share of R240m Phuthuma Nathi unclaimed dividends".
- ^ Manci, Yanga (2023-08-23). "MultiChoice BEE shareholders to receive a combined R1.4-billion". Business Tech Africa. Retrieved 2024-11-18.