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June 4, 2008

Tiger seeks to block Vodacom empowerment deal

South Africa's Tiger Consortium, comprising Vodacom employees, is seeking an urgent interdict to stop the mobile phone operator's planned 7.5 billion rand black economic empowerment deal.

Tiger Consortium wants the transaction stopped after it lost out on the deal to Thebe Investment Corporation and Royal Bafokeng Holdings, one of South Africa's richest tribal groupings due to a steady stream of royalties from platinum mines in the country's North West province.

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Posted by StaffWriter at June 4, 2008 9:08 AM