Vodacom shares

This almost makes me want to be black... you have no idea how much money prepaid makes a month...
 
Why are the offering this when Vodacom was born in 1994 when there was a democracy.
 
BEE was still in the realm of concepts at that time.
 
Lots od spare cash, remember that balcks have bought shares before in previous share offerings.
 
siphox said:
Lots od spare cash, remember that balcks have bought shares before in previous share offerings.
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No. The already enriched ones have. The target audience who are supposed to benefit from this, and the key reason that this type of offering exists in the first place, the poor part of the previously disadvantaged, have no spare cash.

i.e. The already rich black will buy this up like candy.

i.e. Mission failed.
 
So what about the other race groups who were also disadvantaged during apartheid which was incidently over before Vodacom was formed?
 
Wyzak said:
So what about the other race groups who were also disadvantaged during apartheid which was incidently over before Vodacom was formed?
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Please make the effort to read the prospectus, Black = African, Coloured, Indian and Chinese.
 
SuperMonkey said:
No, that is the correct way, because it is exactly these people who would have first moved ahead in apartheid and build something.

This is a good part of BEE.


BEE is not a charity (if it was it would be racist, but yes, much of it seems to work so), it should NOT be one, it should correct apartheids wrongs.
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Oh, then I completely misunderstood. So the first BEE candidates who came back into the country with a lot of Nigerian and Kenyan "friends and money" and who have successfully raped every BEE opportunity are the intended benefactors of BEE?

If this is true, then governmint is guilty of misrepresentation on a grand scale.
 
how much is the share price? I wanna buy.. oh wait I don't fall under the category FEK!

still don't understand how born in sa doesn't make me a citizen :(
 
All you non-blacks stop crying like idiots. In every BEE discussion there are always the few that must disagree with it and say "But what about us".

I dont think some of you realise what apartheid did to people of colour. Imagine being forced to move out of your house and forced to move to a slum? I dont feel like going on...

So please stfu
 
Laanie said:
All you non-blacks stop crying like idiots. In every BEE discussion there are always the few that must disagree with it and say "But what about us".

I dont think some of you realise what apartheid did to people of colour. Imagine being forced to move out of your house and forced to move to a slum? I dont feel like going on...

So please stfu
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Lanie, jou ma man.
This is doing nothing for the people that lives under the breadline. the only difference between old and new SA is that Blacks are driving the mercs and BMW's. Poor whites and blacks are still in the same situation.
I dont feel like going on...
 
With the amount of money I spend on Vodacom every month, they should be giving me shares. :(
 
"An initial five-year lock in period will be in effect for all public participants. Over the following five years, investors can sell only to approved black shareholders.

After 2018, there will be no restriction on the trading of the shares."

These BEE investors buying shares cannot dispose of them for 5 years. Other than the "wealthy BEE elite", can the poor afford to wait 5 years before selling their shares. So many do not even have bank accounts let alone savings accounts.

Also, us non-BEE people will have to wait 10 years before buying the shares, I think by then they will have a static value and no real rate of return. Even the non BEE people get shafted in this deal.

So once again the poor disadvantaged get even more disadvantaged and the "wealthy BEE elite" get richer at everbody elses expense.
 
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ITCynic said:
"An initial five-year lock in period will be in effect for all public participants. Over the following five years, investors can sell only to approved black shareholders.

After 2018, there will be no restriction on the trading of the shares."

These BEE investors buying shares cannot dispose of them for 5 years. Other than the "wealthy BEE elite", can the poor afford to wait 5 years before selling their shares. So many do not even have bank accounts let alone savings accounts.

Also, us non-BEE people will have to wait 10 years before buying the shares, I think by then they will have a static value and no real rate of return. Even the non BEE people get shafted in this deal.

So once again the poor disadvantaged get even more disadvantaged and the "wealthy BEE elite" get richer at everbody elses expense.
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My thoughts exactly. With Vodacom's growth slowing down dramatically, now is the best time for them to do the BEE deal.

Somehow I don't see VC getting double digit real growth again.
 
This sux. I want to buy some shares and be part of our capitalistic society, but I can't, 'cause I'm white.
 
Of course there could be a way for non BEE people to buy the shares.

In the old days (apartheid government) non white people got whites to front for property ownership. Remember the "babbie" shop on the corner in your neighberhood with an asian proprietor?

Most instances he owned the property through a white nominee.

Think about the VC shares as "property".
 
Wait for Vodacom to float the balance of their shares (after Telkom sell 12.5% to Vodafone and 6.5% vodacom shares go to BEE, roughly 32% remains to be floated) on the JSE (2-3 years time if uys is to be believed) and buy then, without the 10% discount but also without the restrictions.

That is what I will do... maybe more expensive then, but who knows? The turnaround if they grow into africa could be enormous.
 
all you cry babies should have bought telkom shares... and don't forget MTN when they went IPO. Just cos every now and then someone comes out with a BEE offering, all the forums and papers cry out in shock at the reverse apartheid. I salute them for giving staff 300K average!!
 
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