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Vodacom mulls R15bn empowerment stake

27 January 2017 By admin

Vodacom mulls R15bn empowerment stake:

Vodafone Group's South African unit is considering the sale of a R15 billion stake in what would be one of the country's biggest-ever deals aimed at boosting black participation in the economy, according to two people familiar with the matter. Vodacom Group plans to buy back part of the 12.47 percent stake owned by the government's pension-fund manager, the Public Investment Corporporation, said the people, who asked not to be identified because the deliberations are private.

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Filed Under: Johannesburg Tagged With: empowerment, mulls, R15bn, stake, vodacom

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