YeboYethu

What YeboYethu does

YeboYethu (RF) Limited is a JSE-listed public company incorporated in South Africa on 19 June 2008 (registration number 2008/014734/06), headquartered at Vodacom Corporate Park in Midrand. Its core business is acquiring and holding 114,451,180 shares in Vodacom Group Limited — making it a single-asset Broad-Based Black Economic Empowerment (BBBEE) investment vehicle — and distributing the dividends received to its qualifying Black South African shareholders, who must meet BEE eligibility verified by JSE Investor Services. As of 31 March 2026, the company reported a Net Asset Value of ZAR 5.57 billion against total assets of ZAR 16.53 billion, with NAV per share of ZAR 105.33 versus a market price of ZAR 42.00 (a 60% discount), and 52,915,960 shares in issue.

The operating platform comprises a dedicated JSE Online Trading Platform (managed via JSE Investor Services' CSDP), a call centre (082 241 0001 / 010 972 2279), video tutorials, and shareholder forms including a unclaimed-dividend self-help portal supported by Gateways Tracing Services. The company's go-to-market is sales-led through these retail shareholder channels rather than institutional distribution. Revenue derives from two streams: primary dividend pass-through income from the Vodacom holding, and secondary transaction fees on share trading (0.35% of trade value, minimum R115 plus VAT and 0.25% Securities Transfer Tax). Strategic partners Royal Bafokeng Holdings (RBH), Mineworkers Investment Company (MIC), and the Vodacom Employee Trust (Siyanda) each hold board representation, anchoring the company's stakeholder governance. The company has approximately R50 million in unclaimed dividends outstanding and participates in the JSE's 'Claim It' campaign.

Name

YeboYethu

Legal name

YeboYethu (RF) Limited

Website

https://yeboyethu.co.za

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

YeboYethu (RF) Limited is a JSE-listed South African BBBEE investment holding company that owns 114.45 million Vodacom Group shares and distributes the resulting dividends to qualifying Black South African shareholders via a dedicated JSE trading platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Midrand

HQ country

South Africa

HQ region

Africa

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Dividend Income from Vodacom: YeboYethu's primary revenue stream is from receiving and distributing dividends and other distributions received from its holding in Vodacom Group Limited. The company holds 114,451,180 Vodacom Group shares.
2. Share Trading Transaction Fees: Revenue generated from facilitating share trading on the JSE platform. Transaction fees are charged at 0.35% of trade value (minimum R115 for trades up to R40,000), plus VAT and Securities Transfer Tax of 0.25%.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

YeboYethu is a B-BBEE investment holding company whose principal activity is acquiring and holding 114,451,180 shares in Vodacom Group Limited and distributing dividends to qualifying black South African shareholders. It operates a JSE-listed share trading platform (online and via call centre) that enables its shareholders to buy and sell YeboYethu shares, and provides NAV valuation, unclaimed dividends tracing, and shareholder services.

Product overview

YeboYethu (RF) Limited is a South African black economic empowerment investment company incorporated on 19 June 2008, whose core business is acquiring and holding shares in Vodacom Group Limited and distributing dividends to shareholders. The company operates a JSE-listed share trading platform enabling shareholders to trade shares through an online trading platform and call centre. Supporting services include NAV valuation calculations, unclaimed dividends management via tracing partner Gateways Tracing Services, comprehensive shareholder forms and documentation, financial reporting (annual reports and interim statements), trading tutorials, and AGM coordination. The company maintains strategic partnerships with Royal Bafokeng Holdings, MIC Investment Company, and Vodacom Employee Trust (Siyanda), with transfer secretary services provided by JSE Investor Services.

Differentiator

Problem solved

Functional benefit

Products and services

• YeboYethu Share Trading JSE-listed share trading platform enabling qualifying black South African shareholders to buy and sell YeboYethu shares through an online portal, with access to real-time market data, order management and trade execution via the JSE central order book.
• YeboYethu Valuation Services Service that calculates and publishes the YeboYethu Net Asset Value per share, helping shareholders understand how the share price is derived from the underlying Vodacom Group holding less liabilities.
• Unclaimed Dividends Management Service to help YeboYethu shareholders update contact and banking details and claim unclaimed dividends, including participation in the JSE-led Claim It campaign (R50 million in YeboYethu unclaimed dividends).

Quantifiable outcome

• NAV per share of ZAR 105.33 vs market price of ZAR 42.00 (60% discount)
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• JSE Investor ServicescoreChannel Partner/ Reseller/ DistributorJSE Investor Services (previously Link Market Services, appointed July 2016) serves as transfer secretaries, BEE verification agent, and preferred YeboYethu broker. Manages shareholder records, processes share transfers, facilitates trading platform access, and conducts BEE verification for qualifying shareholders.
• Vodacom Group LimitedcoreOthersVodacom Group Limited is the core investment holding of YeboYethu. YeboYethu holds 114,451,180 Vodacom Group shares, representing significant underlying value. Vodacom is a major South African telecommunications company operating across Africa. Vodacom Employee Trust (Siyanda) also has board representation on YeboYethu.
• Gateways Tracing ServicesminorImplementation/ SI/ Consulting PartnerGateways Tracing Services (Pty) Ltd has been appointed as the designated tracing services provider to locate YeboYethu shareholders who have unclaimed dividends due to outdated contact information or other reasons. They obtain necessary documentation for updating shareholder details with JSE Investor Services.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Others

• Royal Bafokeng Holdings: Strategic partner and core shareholder in YeboYethu, also operating as an investment vehicle for the Royal Bafokeng Nation across telecoms, resources, and media. Related as both a partner and a comparable BEE-aligned investment vehicle.
• MIC Investment Company: Strategic partner in YeboYethu, operating as an investment vehicle pooling capital for South African opportunities on behalf of mineworkers. Related as both a partner and a comparable BEE-aligned investment vehicle.

Broad incumbents

• Thebe Investment Group: Established South African BEE investment group with a diversified portfolio across mining, energy, telecoms and industrials. Larger and broader than YeboYethu but pursues a similar BEE-aligned investment mandate with strong institutional partners.

Direct peers

• MTN Zakhele Futhi: South African BBBEE share scheme that held MTN Group shares on behalf of qualifying black investors and traded on the JSE. Structurally identical to YeboYethu — single-underlying, BEE-restricted share pool, NAV-based valuation — but with MTN as the underlying telco.
• Brimstone Investment Corporation: Diversified JSE-listed BEE investment holding company with interests across multiple South African sectors. Listed BBBEE-aligned investment vehicle pooling capital for South African opportunities, making it a directly comparable listed structure.
• Sasol Inzalo: BBBEE share scheme that held Sasol Limited shares for qualifying black South African investors. Same BEE share-scheme structure as YeboYethu — listed BEE vehicle with a single large-cap underlying — but for an energy and chemicals major.
• African Phoenix Investments: JSE-listed BEE investment company focused on empowerment-aligned investments. Comparable as a listed BBBEE vehicle pooling capital for South African opportunities, with similar broad-based BEE shareholding structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/yeboyethu-rf

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about YeboYethu