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February 18, 2008

Political ties weigh on Ngcuka's Vodacom bid

Former Scorpions boss Bulelani Ngcuka's political connections may cost him a coveted Vodacom black economic empowerment (BEE) stake and have delayed the selection of a BEE partner, according to a source who was involved in the talks.


The source told Business Report last week that the new ANC leadership had raised concerns with Vodacom about an absence of "broad-based" partners within a consortium that includes Ngcuka. The source said bidding consortiums, including Ngcuka's, had not brought in new broad-based players.

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Posted by StaffWriter at February 18, 2008 8:17 AM