Tags Stake

Tag: stake

South Africa sells Vodacom stake to fund Eskom

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

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.
Sasol Wax to double local production

AECI buys stake in Indonesian firm

South African explosives and chemicals company AECI has acquired a 42% stake in Black Bear Resources Indonesia for $23-million as part of its plans to expand further into Southeast Asia.
West African cable on track for 2010

Absa invests in broadband cable firm

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.

LATEST

X
X
Skip to toolbar