« Nedcor: BEE gains to outdo costs | Main | Telecoms company signs far-reaching BEE deal »
May 6, 2005
PIC keeps 5% of 15.1% Telkom BEE stake
Foreign consortium Thintana sells its 15.1% stake in Telkom ...
back to South Africa for R7-billion in November 2004. In a controversial deal the PIC warehouses the 15.1% stake for six months to let Andile Ngcaba’s Elephant Consortium get its ducks in a row. Today the PIC says Elephant will get 6.7%, a new broad based grouping 3.37%, and the PIC keeps 5%. With Brian Molefe from the PIC, Andile Ngcaba from the Elephant Consortium, Peter Bruce from the Business Day, and Steve Minnaar from minority shareholder OMAM
If a link does not open, right click on it and select "open in a new window"What do you think about this article? You can air your views in the space provided below.
Posted by bernievn at May 6, 2005 6:26 PM