Tag: sells

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.

Absa's investment banking division has acquired a 10% stake in Dark Fibre Africa, a company that installs, leases and sells broadband cables to local telecoms companies. The bank will also provide the company with some R950-million in loans.