The latest financial information on the JSE listed company MTN Zakhele Futhi (RF) Ltd. (MTNZF), including the stock price, historical share price performance charts, annual reports, market cap, consensus forecast and dividends.
MTN Zakhele RF Ltd

Background of MTN Zakhele Futhi
MTN Zakhele RF Ltd. and MTN Zakhele Futhi are the BBBEE components of the MTN Group Limited. MTN is a leading provider of communication services. It offers cellular network access and business solutions. Through its subsidiaries, MTN Group is involved, mainly in the operation of GSM cellular networks and the provision of similar services to customers. MTN Zakhele, having been established in 2010 saw its shares scheme stopped to allow for the introduction of MTN Zakhele Futhi in October 2016. Its performance has been tied to the growth and performance of its mother body, MTN. MTN South Africa is part of the Johannesburg based multinational MTN Group that enjoys a solid footprint across the African continent and the Middle East. MTN specialises in mobile telecommunications technology, is a level two BBBEE contributor and was established with the dawn of democracy in 1994.
MTN Zakhele Shares Growth Driver
Any growth the MTN Zakhele Futhi share price has will be tied to its perceptive growth, based on investor confidence in the MTN Group, which will effectively drive the share price based largely on supply and demand dynamics. To this extent, MTN Zakhele Futhi’s share price drivers, will be the processes, mergers and acquisitions that the MTN Group worldwide will attain and thus drive the worth of the entire Group of which MTN Zakhele Futhi owns 4%. MTN Zakhele saw a strong finish, leading to a more than 200% growth rate since inception in 2010 and a 20% growth rate per annum. The MTN Zakhele share price action is determined by supply and demand dynamics, as well as how well MTN is doing given its 4% stake in the mother company. This will be no different for MTN Zakhele Futhi’s share price, MTN’s newest BBBEE transaction.
Despite the MTN Group’s financial results for 2016 that reflect the most challenging year in the company’s 22-year history. MTN South Africa showed strong improvements in network quality and capacity. Which bodes well for the MTN Zakhele Futhi share price Despite various challenges in Nigeria, including subscriber disconnections. MTN Nigeria continued to improve its competitive position throughout the year. This had the effect of negatively affecting MTN Zakhele shares in the past, with a 3% decline soon after the news of the Nigerian fine. There was a revenue decline of 6,3% in the first quarter of 2016 when compared to the same quarter in 2015, revenue growth improved steadily throughout the year and fourth quarter revenue increased by 4,0%year-on-year (YoY). This was attributed to improved network quality and attractive value propositions. In early 2017, this trend continued with revenue in January 2017 up by approximately 16% Year on Year as the business continued to regain lost market share. MTN expects YoY growth to be maintained for the month of February 2017, which could translate to higher investor confidence with Zakhele Futhi shares, given how slow investors were to bite initially, given MTN’s troubles in Nigeria and a performance decline off the fine in Nigeria.
Data revenue growth led to a strong performance by MTN Irancell and MTN Ghana, with MTN Irancell benefiting from the country’s youthful demographics and higher smartphone penetration. This had a generally positive effect on the MTN Group of which MTN Zakhele Futhi is a subsidiary. This is where MTN recorded strong growth of 44,2% in live digital services revenue, where they were supported by their lifestyle and mobile financial services offerings. MTN Mobile Money accounted for 20,2% of total digital revenue in 2016. MTN Mobile Money revenue increased by 50,7% to R2 829 million off the 2015 base. Five operations (compared to two in 2015) had over a million active customers each. Iran Internet Group (IIG), MTN’s Iranian e-commerce business that has become the largest business of its kind in Iran, gained strong momentum showing very strong growth across its portfolio of online companies. This will positively affect MTN Zakhele Futhi shareholders as the MTN Group benefits from such future growth.
MTN Zakhele Futhi Group Investor Tip
MTN Zakhele was a share scheme initiative that was aimed, at primarily, extending the economic opportunity of investing in the Johannesburg Stock Exchange to qualifying blacks. MTN Zakhele Futhi has replaced MTN Zakhele. With Zakhele’s delisting from the JSE and it’s unwinding on the 24th of November 2016, Zakhele Futhi’s arrival, was before Zakhele’s unwinding and its shares were open for sale until the 28th of October 2016. It’s not all doom and gloom though for investors who could not or did not buy Zakhele Futhi shares as, after the three-year mandatory investment lock in, Zakhele Futhi shareholders can then trade with other qualifying Black shareholders. The share scheme however allows Black investors to sell their stock to anyone, only after eight years. MTN Zakhele’s share price saw a 300% increase: an initial buy price of R20 per 100 minimum shares, had translated to just under R60 in purchase price by the date of its agreed de-listing. A performance return of 20% per annum, since its initial listing on the JSE. Based on this alone, the investment in MTN shares seems like a sound investment opportunity, even though past share price performance is no forecast of performance today or in the future.
The drop in the MTN share price back in October 2015 after MTN was found guilty and fined for not registering millions of MTN user sim cards was arguably among the biggest challenges that MTN had to deal with, including a hefty US$1.7 billion fine. Which sent the share price down by 3% in the charts. However, MTN Zakhele Futhi’s ties to the MTN Group will serve it well as MTN continues to grow and expand in Africa and other places like Iran. This has the perceptive effect of raising expectations and investor confidence, especially given the fact that MTN Zakhele Futhi’s dividends are tied to the financial performance of the MTN Group as a whole. MTN Zakhele and Zakhele Futhi share schemes are long-term investment options. Investments one should strongly consider investing capital in, in the future, whatever names they are called.
MTN Zakhele Major Shareholders
Sector
Telecommunication services
Industry
Telecommunication services
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