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May 22, 2008

The man who lost the R7,5bn Vodacom deal

Nkenke Kekana has come to be known as the man who lost one of SA's most coveted black economic empowerment (BEE) deals -- the R7,5bn Vodacom transaction.

The former ANC MP became the face of BEE consortium Mowana 5 Mile (M5M), which made the final shortlist for Vodacom's 5% BEE stake but lost out to Thebe Investments and the Royal Bafokeng after a long and bitter process.

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Posted by StaffWriter at May 22, 2008 12:06 PM