Vodacom announces details of BEE transaction

July 30, 2008

Vodacom has announced details of its broad-based BEE transaction. This follows the company's announcement of its intention to implement a BEE transaction on March 10 and the announcement of preferred strategic partners on April 24.

The transaction is broad-based, including a public offer to the black public, black groups and Vodacom black business partners, as well as participation by Vodacom's employees and two broad-based strategic partners, Royal Bafokeng Holdings ("RBH") and Thebe Investment Corporation ("Thebe"). The transaction is one of the largest broad-based BEE transactions in the SA ICT industry.

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