PIC selloff 'to fix BEE rating' at Vodacom
24 April 2016 - 02:02
A deal in which the Public Investment Corporation is likely to offload a sizable portion of its shares in Vodacom to black investors could be part of a plan by the mobile operator to bolster its BEE rating as opportunities arise to buy the spectrum required to grow its business. CEO Dan Matjila said on Friday that the PIC, which has a stake of about 15% in the largest mobile network operator in South Africa, was "quite concerned" about Vodacom's BEE numbers and that this deal, if concluded, was...
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