african bank masonge


ABIL’s Masonge BEE Offer has various uncertainties with respect to the discount and number of African Bank shares available for Masonge investors. However, the prospectus indicates the following:

  • For each 1 Masonge share, you get exposure to an estimated 0.375 ABIL shares
  • 1 Masonge share = R7.50 and 0.375 ABIL shares = R10.00
  • You are getting a discount of 25%
  • No money is lent to you to acquire these shares. Should the ABIL share price appreciate significantly, Masonge has the ability to borrow funds to buy more ABIL shares.

Sale of shares to other Black people only permitted from Jan 2011 (3 yrs) subject to maximum of a third in each calendar year. After Dec 2015 (or longer as per wishes of ABIL), Masonge investors will receive investment maturity amounts in form of cash or ABIL ordinary shares.

Offer closes 13 September 2008. If you don’t participate now, engage Matlotlo Group in growing your wealth so you may participate in 5 years’ time by buying from selling Black investors. Then, you will have capital, fewer uncertainties and reduced lock-in period.

Mahlatse le Mahlogonolo!
12 August 2008
The above information has been prepared for informational purposes only. The above does not constitute an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. The above is based on information generally available to the public from sources reasonably believed to be reliable. Matlotlo Group Pty Ltd makes no representations or warranties, expressed or implied, as to the accuracy or completeness of the above information or that any returns indicated will be achieved. Readers should determine for themselves the relevance of the information. Changes to assumptions may have a material impact on any returns indicated. Past performance is not indicative of future returns.
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