Sexwale, Zim team up in R173m Sahara deal

September 21, 2006

Indian computer multinational Sahara Holdings has sold 27% of its equity in its South African business for R173-million to an empowerment consortium comprising Tokyo Sexwale’s Mvelaphanda Holdings, Lazarus Zim’s Afripalm and employees...

The transaction price was calculated using a 33,33% black economic-empowerment (BEE) discount against an enterprise valuation of R960-million.

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