MTNZF - MTN Zakhele Futhi

Sep 29, 2023 at 10:23 Twitter · Facebook

MTNZF share price on Johannesburg Stock Exchange

MTN Zakhele Futhi (RF) Limited is a South African investment company engaged in acquiring and holding shares in MTN Group on behalf of the participating Black Public. The company, headquartered in Johannesburg, is set up as a ring-fenced, special purpose vehicle with the sole business and objective of facilitating the implementation of a broad-based Black Economic Empowerment program. MTN Zakhele Futhi holds, manages, and deals in MTN shares, cash, and such other property as may be received or acquired solely by virtue of or in relation to the MTN shares. Additionally, the firm offers stockbroking and other investment related solutions.

Through MTN Zakhele Futhi, qualifying members of the Black Public could indirectly invest and hold shares in MTN Group, a leading emerging markets telecom service provider. MTN Zakhele Futhi holds about 77 million MTN Group shares, amounting to approximately 4% of MTN’s issued share capital. MTNZF’s stake in MTN, along with other transformation and empowerment initiatives, supports MTN’s status as a leading BEE-driven telecommunications company.

MTN Zakhele Futhi is listed on the Johannesburg Stock Exchange (JSE). MTN Zakhele Futhi is traded on the JSE under the ticker symbol “MTNZF”. The International Securities Identification Number (ISIN) of JSE:MTNZF is ZAE000279402. MTN Zakhele Futhi is currently the 179th most valuable stock on the JSE with a market capitalization of ZAR 2.34 billion, which is about 0.013% of the Johannesburg Stock Exchange equity market.

MTNZF Stock Market Performance

The current share price of MTN Zakhele Futhi (MTNZF) is ZAR 17.50. MTNZF closed its last trading day (Thursday, September 28, 2023) at 18.99 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.1% drop from its previous closing price of 19.00 ZAR. MTN Zakhele Futhi began the year with a share price of 19.40 ZAR but has since lost 2.11% off that price valuation, ranking it 201st on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that MTNZF has lost 5% of the stock’s value from August 30th to date.

MTN Zakhele Futhi is the 280th most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 30 - Sep 28, 2023). MTNZF has traded a total volume of 696,756 shares—in 1,184 deals—valued at ZAR 14 million over the period, with an average of 11,060 traded shares per session. A volume high of 55,441 was achieved on September 13th, and a low of 155 on September 15th, for the same period. The table below details the last 10 trading days of activity of MTN Zakhele Futhi on the Johannesburg Stock Exchange.

Profile of MTN Zakhele Futhi (RF) Limited

MTN Zakhele Futhi (RF) Limited was founded on June 21, 2016 and operates in the Financials sector, specifically, the Investment Services industry. The company's board of directors, chaired by Sindisiwe Mabaso-Koyana, is composed of five members whose names are listed below.

1. Mabaso-Koyana, Sindisiwe
   Independent Non-Executive Chairperson
2. Gelink, Grant
   Chairman, Audit and Risk Committee
3. Mapongwana, Belinda
   Independent Non-Executive Director
4. Nhlanhla, Manana
   Non-Executive Director
5. Pitsi, Edward
   Independent Non-Executive Director

MTNZF Industrial Market Competitors

MTN Zakhele Futhi (RF) Limited, issuers of the MTNZF stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange