Cell C's BEE partner on the verge of folding

May 20, 2005

Cellsaf, the empowerment company of cellular service provider, Cell C, ...

has failed to raise enough funds to own a bigger slice in Cell C. Cell C was given a licence on condition that it should be at least 40% black owned. Three years on, its empowerment partner Cellsaf has failed to raise money to buy the whole stake.

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