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July 29, 2008

Vodacom wants more empowerment

Following the completion of Vodacom's protracted R7.5-billion broad-based empowerment deal, the country's largest mobile provider is hungry for more empowerment, CEO Alan Knott-Craig announced this morning.

According to Knott-Craig, the transaction, as it stands, will bring Vodacom's BEE rating to level four, which will allow the company to participate "meaningfully" in government business. However, he says Vodacom hopes to increase the participation to level three.

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Posted by StaffWriter at July 29, 2008 8:50 AM