Phuthuma Nathi 1 definition

Phuthuma Nathi 1 means Phuthuma Nathi Investments (RF) Limited, registration number 2006/015187/06, a public company incorporated in accordance with the laws of South Africa. 11

Examples of Phuthuma Nathi 1 in a sentence

The offer closed on 28 October 2019 and resulted in 3.7m shares being issued to PN shareholders, while MCG acquired 3.8m shares in Phuthuma Nathi 1 (RF) Limited in return.

Phuthuma Nathi (7%)The Phuthuma Nathi 1 shares and Phuthuma Nathi 2 shares closed at R126.00 and R130.00 per share respectively (R135.00 and R136.00 per share at 31 December 2018).

Cold advection and "cap" elimination It is a tired old cliché that when there is a "cap" that is restraining convective initiation, lower mid-tropospheric (i.e., around 700 mb) cold advection will help remove that cap.

As at the date of YPN's exchange licence being granted in terms of the FM Act, and subject to the Issuing Agreement having been completed and signed by each of Phuthuma Nathi 1, Phuthuma Nathi 2 and Welkom Yizani, the only Issuers authorised to list securities on YPN are Phuthuma Nathi 1, Phuthuma Nathi 2 and Welkom Yizani.

Phuthuma Nathi 1 and Phuthuma Nathi 2 were accordingly established by MultiChoice as special purpose vehicles to hold approximately 13.3% (Phuthuma Nathi 1) and 6.67% (Phuthuma Nathi 2) of the issued share capital of MultiChoice.

The objective of this chapter is to provide the results from the analysis of five BBBEE deals namely MTN Zakhele, Phuthuma Nathi 1 and 2, Welkom Yizani and Yebo Yethu.

The companies selected are MTN (MTN Zakhele), Vodacom (Yebo Yethu) Media 24, a Naspers subsidiary (Welkom Yizani) and Multichoice – A subsidiary of Naspers (Phuthuma Nathi 1 and 2).

The listing of securities on YPN is therefore limited to Phuthuma Nathi 1, Phuthuma Nathi 2, Welkom Yizani and a company forming part of any BEE Initiative by Naspers and any subsidiary in the Naspers group.


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