Wednesday, 28 June 2017

South Africa sells Vodacom stake for €1.7bn

By Nick Wood, Total Telecom
Wednesday 01 July 15

Treasury to use proceeds to prop up ailing power company Eskom.

South Africa's government on Wednesday sold its 13.9% stake in Vodacom for 23 billion rand (€1.7 billion). The shares have been acquired by the Public Investment Corporation (PIC), which acted on behalf of the Government Employees Pension Fund (GEPF)…

South Africa's government on Wednesday sold its 13.9% stake in Vodacom for 23 billion rand (€1.7 billion). The shares have been acquired by the Public Investment Corporation (PIC), which acted on behalf of the Government Employees Pension Fund (GEPF)…

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