MultiChoice  today  announced  that  its  BBBEE  companies,  Phuthuma  Nathi  Investments and Phuthuma Nathi Investments 2, will receive ordinary and special dividends amounting to R900 million.

The Phuthuma Nathi companies will receive an ordinary dividend of R480 million, compared to R400 million paid last year, and a special dividend of R420 million. In turn, the Phuthuma Nathi companies will pay shareholders an ordinary dividend of 142,22 cents per ordinary share plus a special dividend of 124,44 cents per ordinary share. This means Phuthuma Nathi shareholders will receive dividends amounting to 266,66 cents per ordinary Phuthuma Nathi share, compared to 118,5 cents paid last year. This represents a significant increase of 125%.

“We  are  very  proud  that Phuthuma  Nathi Investments  havebeen  paying  dividends  since inception.   The  ordinary  dividends  received  by  Phuthuma  Nathi  shareholders  havemore  than  tripled, growing from 43,3 cents per share in 2007 to 142,22 cents per share in 2013. With this year’s special dividend, Phuthuma Nathi shareholders have to date received R6,88 per share,” said Nolo Letele, Executive Chair of the MultiChoice South Africa Holdings group.

The  special  dividends  have  also  been  paid  to  reduce  the original  debt when  the  scheme launched  in  2006. If MultiChoice  continues  to  do  well  and  is  able  to  pay  dividends,  the preference share debt will be paid off in the coming years and the amount of dividends received by shareholders should increase even further over time.

Phuthuma Nathi shares started trading publicly on 8 December 2011. The trading platform for the Phuthuma  Nathi companies hosted  over  16000  deals to  date,  representing  a  volume of 10,9million shares traded.

Mandla  Langa,  Chair of both Phuthuma  Nathi companies said “Phuthuma Nathi has enabled ordinary  black  South  Africans  to  invest  in  an  innovative  and  cutting  edge  company. We are delighted that over 87% of our shareholders have held on to their shares since inception of the schemes. Shareholders  who  bought  Phuthuma  Nathi  shares  when  the  schemes  launched  in 2006  and  2007  at  R10  per  share,  have  seen  a  significant  increase  in  the  value  of  their investment.  For  example,  the  Phuthuma  Nathi  shares  closed  at R102.00 per  share on 02 September 2013. This represents a capital growth of more than 900%”.

MultiChoice  continues  to  play  an  important  part  in  the  community  through  every  aspect  of  its business. SuperSport is the prime funder of sport across Africa, while M-Net produces a large component  of  its  content  locally, which  is stimulating  the  local  production  industry  and supporting  the  local  economy.  Some  of  the  most  popular  local  programmes  include iNkaba, Isibaya, Zabalaza and Rockville.

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