Sesi phoned and I was in a meeting so I asked her to sms. She smsed back saying “ I bought shares for R30 000 in 2006, now I am a half millionaire! Thanks to PhuthumaNathi . I called her as soon as I finished my meeting.
Before I could say a word, she was almost screaming on the phone telling me she is half a millionaire! I asked what half a millionaire was and she told me “I have over R500 000!” I laughed at her and thought I must share this story with you because indeed many people have made good returns by buying PhuthumaNathi shares. You can google PhuthumaNathi for more details of the BEE deal.
Below are the key facts about the BEE deal:
- Phuthuma Nathi hold interests in MultiChoice
- Phuthuma Nathi was launched in 2006
- The offer price was R10 a share
- Current price as at 17 August 2015 is R181
- If you had bought R30 000 shares, your shares would indeed have been worth R543 000 on 17 August 2015.
Share prices go up and down over time. The reason I am sharing this beautiful story with you is to urge you to consider buying into BEE shares next time they are available, if you qualify. This prompted me to look into how MTN Zakhele shares had performed and they also had done quite well. I haven’t taken a look at how the Nigeria R60 billion fine has affected the share price.
Those of us who qualify, should aim to buy BEE shares each time they are available. Stokvels can position themselves and their members to have funds available at any given point in time to take advantage of BEE shares.