MTN Group Limited is a South African multinational mobile telecommunications company that has evolved into one of the largest groups in its sector. The company now has a footprint in Africa, Europe, and Asia, and enjoys a 37% share of the market in South Africa, totaling 20 million customers.
If you are interested in buying MTN shares in South Africa, there are several options available to you.
How to Buy MTN Shares in South Africa
Option 1: Use a Preferred Broker
MTN Zakhele Futhi has appointed Nedbank Private Wealth Stockbrokers (NPW) as the preferred broker to trade their shares on the Johannesburg Stock Exchange (JSE). MTN Zakhele Futhi shareholders can either retain, buy additional, or sell their shares by using one of the following trading options:
- Facilitated Trading Process: Shareholders will be using NPW as their broker to retain, buy additional, or sell their MTN Zakhele Futhi shares. One of the benefits of this option is that the share custody costs to shareholders are subsidized by MTN Zakhele Futhi.
- Independent Trading Process: This option is for those MTN Zakhele Futhi shareholders who wish to use their own broker or agent to hold or trade their shares. Please note that this option is not subsidized by MTN Zakhele Futhi.
Option 2: Use an Online Trading Platform
You can also buy MTN shares directly online using an online trading platform such as EasyEquities. EasyEquities is a South African share trading broker and platform owned and operated by First World Trader (Pty) Ltd, trading as EasyEquities. Traders can easily start trading hundreds of JSE-listed shares, such as MTN and other local shares, using a ZAR Account. Alternatively, investors can choose a US Account, Tax-Free Savings Account, or Retirement Annuities. Through EasyEquities’ numerous products and services, investors can select between DIY investing, managed portfolios, goal-based Robo-advice, and any combination thereof.
To start buying MTN Shares with EasyEquities, you can follow these steps:
- Create an EasyEquities account by visiting the official website.
- Activate your live account by providing additional personal, residential, financial, tax, and banking information. Then, pass the KYC by providing proof of your identity and residential address.
- Choose between a ZAR, USD, AUD, ZAR Tax-Free Savings, or RA Account.
- Make a minimum deposit using an electronic funds transfer (ETF) or credit/debit card.
- Go to the “Invest” section on the website and select “Stocks.”
- Search for “MTN” and view the quote.
- Make sure you understand the trading process and the risks involved before placing your order.
Option 3: Buy Shares Through a Black Economic Empowerment Scheme
MTN Zakhele Futhi is a Black Economic Empowerment (BEE) scheme that was established to provide previously disadvantaged South Africans with an opportunity to invest in MTN Group Limited.
To become an MTN Zakhele Futhi shareholder, you are required to meet certain criteria.
Black People (African, Coloured, and Indian people) who are natural persons and citizens of South Africa by birth or descent, or who are citizens through naturalization before 27 April 1994 or after that date, but who would have qualified for naturalization before that date, are eligible to hold MTN Zakhele Futhi shares.
Minors (i.e., a Black Person below 18 years of age) must be assisted by their parent or legal guardian. Black Companies and Black Entities, as defined, are also eligible to hold MTN Zakhele Futhi shares.
Conclusion
In conclusion, there are several options available to buy MTN shares in South Africa. You can use a preferred broker, an online trading platform, or buy shares through a Black Economic Empowerment scheme. Before investing, it is important to do your research, understand the risks involved, and seek professional advice if necessary.
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