stake
South Africa sells Vodacom stake to fund Eskom
Cash from the sale of the state's 13.91% stake in Vodacom - to the Public Investment
Corporation, which acts for the Government Employees Pension Fund - will finance the
multibillion-rand allocation to Eskom. The deal is believed to be worth nearly R29-billion.
SAs Nedbank acquires 20% stake in Ecobank
South Africa's Nedbank has acquired a 20% in Ecobank Transnational Incorporated
(ETI), consolidating its banking alliance with one of the leading pan-African banking
institutions.
