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March 17, 2008

Vodacom, ANC clash over BEE

Vodacom's refusal to allow one of the consortium bidders for its black economic empowerment (BEE) stake to break up and re-pitch individually is most likely driven by protecting its business interests, says an investment analyst.

However, political analyst Steven Friedman claims that, while the ANC has little interest in Vodacom's business needs, it just wants Bulelani Ngcuka out of the picture.

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Posted by StaffWriter at March 17, 2008 1:11 PM