Naspers in R2.25bn BEE deal

September 28, 2006

South Africa's biggest media group Naspers Ltd has agreed to sell a 15% stake in its lucrative pay-TV unit for R2.25bn to black investors, the firm said on Tuesday...

Phuthuma Nathi will buy 45 million shares in MultiChoice South Africa (MCSA), which has 300 million shares in issue, a statement said.

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