vodacom deal

Vodacom will be going ahead with its black empowerment deal despite rumours of infighting between parties bidding for the R7,5billion stake.

Vodacom will be going ahead with its black empowerment deal despite rumours of infighting between parties bidding for the R7,5billion stake.

Last month Bulelani Ngcuka was elected as a leading member of a consortium which was bidding for the 30percent share in the cellular phone giant.

Alan Knott Craig, Vodacom's chief executive said: "Our BEE transaction is on track. It will be broad- based including our staff, the public and strategic partners who contribute meaningfully to our business. - Zweli Mokgata

X