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Telecoms: South Africa gov't sells Vodacom stake to fund Eskom

July 1, 2015 Comments Off on Telecoms: South Africa gov't sells Vodacom stake to fund Eskom

South Africa’s government has sold its 13.91 percent stake in mobile phone firm Vodacom to the Public Investment Corporation to raise 23 billion rand ($1.9 billion) in funding for power utility Eskom, the Treasury said on Wednesday.

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