Welkom Yizani shareholders to receive confirmation soon
Those who have applied for Media24’s Welkom Yizani shares, should receive a confirmation of their shareholding by 16 February.
Media24, publisher of publications including You, Drum, City Press and True Love, offered thousands of South Africans to share in the success of their newspapers and magazines. The launch of the Welkom Yizani (meaning ‘come closer’) scheme came after Media24 sold shares to empowerment company, Welkom Yizani Investments.
Up to 430 shares have been granted to each applicant. Applicants who haven’t received a confirmation letter by 16 February, need to contact Media24’s service centre on 0860 12 12 24.
The scheme was billed as the biggest public share offer for black economic empowerment in South Africa’s print media industry. Black people who qualify and have South African citizenship were offered the opportunity to invest for a minimum of R200.