Yebo Yethu shares: You can buy and sell shares from Monday 3 February

Fsp Invest, 31 Jan. 2014

Tags: yebo yethu shares, yebo yethu, vodacom, vodacom south africa, buying yebo yethu shares, selling yebo yethu shares, shares, trading, investing, investor, investment, bbbee, trading platform, mtn, zakhele,



Since Yebo Yethu launched back in 2008, if you bought shares, you haven’t been able to do anything with them. But come Monday, you’ll be able to sell them if you want. Or if you didn’t take advantage in 2008, you can buy shares or add to your holding. Let’s take a closer look at what’s going to happen on Monday…



Come 9am on Monday morning, trading of Yebo Yethu shares will begin.

As part of its BBBEE transaction, Vodacom South Africa launched Yebo Yethu Limited. Yebo Yethu put its shares up for sale to African, coloured or Indian people in South Africa.

There are a total of 14,395,300 shares in issue, according to Yebo Yethu.

But under the terms of the deal, investors who bought shares had to hold them for a minimum five year period. And that time period is now up.

On Monday morning, those who bought shares in Yebo Yethu can sell them. Or they can add to their current holding of Yebo Yethu shares. Or if you didn’t buy any back in 2008, you can now buy shares.

Before you can trade in Yebo Yethu shares, you need to check a few things

But before you can do any of these things, you need to make sure you’ve done the necessary paperwork…

According to Yebo Yethu, you must do the following:
  • If you already own shares in Yebo Yethu and want to sell them or buy more, you must make sure that you’ve verified your details. If any of your details have changed, you will have to provide the necessary FICA documentation before you can trade your shares.
  • If you haven’t bought any shares so far, but plan to, you need to register with Yebo Yethu.
To trade (buy or sell) your Yebo Yethu shares, you can do this on the Yebo Yethu trading platform or by phoning their trading desk.

To find out more, just go to the Yebo Yethu website.

Yebo Yethu and Vodacom will be hoping they don’t fall victim to MTN’s experience with its Zakhele shares. In November, trading started on Zakhele shares, but because of “technical glitches” trading only resumed on Wednesday due to the overwhelming response by shareholders, says BDLive.

So there you have it, how you can buy and sell Yebo Yethu shares from Monday.


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Comments
1 comments



Vuyani Mrubata 2014-02-04 10:30:01

I would like to buy some if are still available ,how much per share is gonna be