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March 10, 2008

Vodacom in process of structuring R7,5bn BEE deal

South African mobile telecommunications group Vodacom and its shareholders, together with Rand Merchant Bank, a division of FirstRand Bank, are currently in the process of structuring a R7,5-billion black economic empowerment (BEE) transaction, it said on Monday.

The Vodacom group, in which fixed-line operator Telkom owns a 50% interest, said that its BEE transaction was "well on track".

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Posted by StaffWriter at March 10, 2008 7:21 AM