{"id":152959,"date":"2017-01-26T11:14:29","date_gmt":"2017-01-26T09:14:29","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=152959"},"modified":"2017-01-26T11:14:29","modified_gmt":"2017-01-26T09:14:29","slug":"vodacom-eyes-sale-of-a-r15-billion-stake-in-the-company-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/152959\/vodacom-eyes-sale-of-a-r15-billion-stake-in-the-company-report\/","title":{"rendered":"Vodacom eyes sale of a R15-billion stake in the company &#8211; report"},"content":{"rendered":"<p>Vodacom is considering the sale of a R15-billion stake in the company to boost \u201cblack participation in the economy\u201d, according to a report by <a href=\"http:\/\/www.fin24.com\/Tech\/Companies\/vodacom-considers-selling-r15bn-stake-in-bee-deal-20170125\" target=\"_blank\"><strong>Bloomberg<\/strong><\/a>.<\/p>\n<p>The report stated that Vodacom plans to buy back part of a 12.47% stake owned by the Public Investment Corporation, according to sources.<\/p>\n<p>The shares will then be listed as a \u201cseparate entity\u201d and restricted to black investors. The negotiations with the PIC are expected to conclude in the coming months, stated the report.<\/p>\n<p>Vodacom said it is exploring a \u201cvariety of options with the primary objective of broad-based inclusivity\u201d, but did not comment on the alleged PIC transaction.<\/p>\n<p>The report stated that the deal would help Vodacom comply with a \u201cgovernment initiative to help compensate those discriminated against during apartheid\u201d.<\/p>\n<p>Telecommunication companies should aim to be 30% black owned as part of the initiative, stated Bloomberg.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/mobile\/143114\/vodacom-boosts-revenue-profit-and-adds-1-5-million-subscribers-in-sa\/\" target=\"_blank\">Vodacom boosts revenue, profit \u2013 and adds 1.5 million subscribers in SA<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vodacom is considering the sale of a R15-billion stake in the company to boost \u201cblack participation in the economy\u201d, 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":[25,27],"class_list":["post-152959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/152959","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=152959"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/152959\/revisions"}],"predecessor-version":[{"id":152963,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/152959\/revisions\/152963"}],"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=152959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=152959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=152959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}