# Accounting Paper 1, November 2024, question 3.5.4

> Refer to the information given. Mr Sipho Dlamini, the majority shareholder... Marked mark by mark. Q3.5.4, Accounting Paper 1 November 2024, 4 marks.

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Last updated: 2026-11-12

Subject: Accounting. Source: Based on Nov 2024 · Paper 1 · Q3.5.4. Marks: 4. Not yet checked by a teacher.

## Question 3.5.4 (4 marks)

Extract from the records of Mabaso Traders Ltd at the end of the financial year:
Sipho Dlamini’s shareholding: 58% of the issued shares
Market value per share on the JSE: 1 150 cents
Net asset value (NAV) per share: 720 cents
Proposed buy-back price: R15 per share

Refer to the information given. Mr Sipho Dlamini, the majority shareholder, plans to ask the board to buy back some of his shares in the next financial year at R15 per share. Explain why the other directors would probably vote against his proposal. Give TWO points, each supported by figures.

## Practise it

[Answer this question](https://sharpkop.co.za/accounting/2024-nov-p1/q3-5-4/) and see it marked mark by mark, with the reason for every lost mark.

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