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MTN Zakhele’s Credit Crunch and why we should expect more of the same
MTN’s empowerment vehicle, MTN Zakhele Futhi is on the brink of collapse. MTN Zakhele was set up in 2016 to allow qualifying black investors to gain geared exposure to the MTN share price. MTN has decided to suspend its interim dividend. MTN Zakhele relied on dividends to cover its funding