{"id":52208,"date":"2014-01-26T13:19:21","date_gmt":"2014-01-26T11:19:21","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=52208"},"modified":"2014-01-26T14:52:00","modified_gmt":"2014-01-26T12:52:00","slug":"vodacoms-yebo-yethu-gets-trading-date","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/52208\/vodacoms-yebo-yethu-gets-trading-date\/","title":{"rendered":"Vodacom\u2019s Yebo Yethu gets trading date"},"content":{"rendered":"

Vodacom\u2019s BEE share scheme Yebo Yethu, is set to start \u201cover the counter\u201d trading on the Equity Express trading platform next month.<\/p>\n

The trading platform is currently only open for verification and registration, with a trading commencement date set for Monday, 3 February 2014.<\/p>\n

The launch follows within days of rival scheme, MTN Zakhele\u2019s similar, and much-delayed platform launch, on 29 January 2014.<\/p>\n

MTN\u2019s programme has been consistantly beset by glitches and delays since its initial launch on 25 November 2013. Trading was suspended shortly after launch to enhance the platform\u2019s capacity.<\/p>\n

Yebo Yethu, which owns 3.44% of Vodacom, was initiated by the telco in June 2008, with an initial value of R2.2 billion.<\/p>\n

The scheme operates by paying dividends directly to shareholders (after deducting running costs).<\/p>\n

Dividends reached a reported R20.2 million in 2013, compared to R6.5-million in Yebo Yethu\u2019s first financial year.<\/p>\n

Notional funding is serviced by deducting a portion of dividends declared by Vodacom before the balance is paid over to Yebo Yethu.<\/p>\n

\"Vodacom<\/a>

Vodacom Yebo Yethu advertisement<\/p><\/div>\n

More on MTN and Vodacom<\/h3>\n

MTN Zakhele cleared for lift-off<\/a>
\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Vodacom\u2019s BEE share scheme Yebo Yethu, is set to start \u201cover the counter\u201d trading in February. <\/p>\n","protected":false},"author":10,"featured_media":52188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[26,6391,27,6470],"class_list":["post-52208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-headline","tag-mtn-zakhele","tag-vodacom","tag-yebo-yethu"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=52208"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52208\/revisions"}],"predecessor-version":[{"id":52209,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52208\/revisions\/52209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/52188"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=52208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=52208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=52208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}