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.

SA’s 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.