{"id":142275,"date":"2016-11-03T19:30:53","date_gmt":"2016-11-03T17:30:53","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=142275"},"modified":"2016-11-03T17:28:05","modified_gmt":"2016-11-03T15:28:05","slug":"a-portion-of-vodacom-is-up-for-sale-for-r6-billion","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/142275\/a-portion-of-vodacom-is-up-for-sale-for-r6-billion\/","title":{"rendered":"A portion of Vodacom is up for sale for R6 billion"},"content":{"rendered":"<p>A stake in Vodacom worth R6 billion is\u00a0back up for sale, according to a report by <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-11-03\/vodacom-stake-back-up-for-sale-to-black-buyers-in-south-africa\" target=\"_blank\"><strong>Bloomberg<\/strong><\/a>.<\/p>\n<p>The sale follows the\u00a0collapse of a deal in May that was \u201caimed at increasing black ownership of the phone carrier\u201d.<\/p>\n<p>The Vodacom stock is being sold by the Public Investment Corporation. This is according to \u201cpeople familiar with the negotiations\u201d.<\/p>\n<p>The stake is around 2.6% of Vodacom, stated the report.<\/p>\n<p>\u201cThe PIC is in talks with a number of black investors,\u201d said\u00a0Chief Executive Officer Dan Matjila.<\/p>\n<p>One of the potential buyers is a group that includes Vodacom Chairman Peter Moyo, stated the report.<\/p>\n<p>\u201cVodacom is currently 18.7% owned by black investors, compared with 39% at MTN.<\/p>\n<p><strong>Read this: <a href=\"http:\/\/businesstech.co.za\/news\/mobile\/123661\/vodacom-reports-profit-and-customer-growth\/\" target=\"_blank\">Vodacom reports profit and customer growth<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A stake in Vodacom worth R6 billion is back up for sale, according to a report by Bloomberg.<\/p>\n","protected":false},"author":31,"featured_media":49246,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[26,27],"class_list":["post-142275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-headline","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/142275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=142275"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/142275\/revisions"}],"predecessor-version":[{"id":142279,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/142275\/revisions\/142279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/49246"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=142275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=142275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=142275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}