Vodacom have a recently started a BEE program called Yebo Yethu that exclusively enables black South African’s to purchase shares in their company. They’ve frozen the trading on the shares for the first 5 years and then only limited trading for the 2 years following that in order to help first time investors understand the benefit of long term investment. What ticks me off is that some white South Africans are branding this as discrimination. They’ve got more than enough great shares to invest in and have had the opportunity to invest for decades and now when an organization wants to help increase the number of non-whites (the vast majority of our country!!) to benefit from investments other white folk start crying foul. It seriously depresses me.
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