Share success

Mobile services provider Vodacom yesterday described its YeboYethu offer for shares in the company as a "resounding success". The public offer to black South Africans, which closed on September 11, attracted 102531 valid applications for a total amount of R946million and was almost three times subscribed, it said. A total of 14,4million shares were up for grabs. "Eighty six percent of valid funds received came from black individuals, with 14percent from black controlled companies" Vodacom said. - I-Net Bridge

Mobile services provider Vodacom yesterday described its YeboYethu offer for shares in the company as a "resounding success". The public offer to black South Africans, which closed on September 11, attracted 102531 valid applications for a total amount of R946million and was almost three times subscribed, it said. A total of 14,4million shares were up for grabs. "Eighty six percent of valid funds received came from black individuals, with 14percent from black controlled companies" Vodacom said. - I-Net Bridge

X