South Africa's Vodacom Wants To Increase Black Ownership In Line With New Law
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South Africa's Vodacom Wants To Increase Black Ownership In Line With New Law

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Added by Headlines Africa in South Africa
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South Africa's largest mobile operator, Vodacom, is looking for a new empowerment deal. The company wants to increase black ownership, in line with new economic empowerment rules. A few months ago, the government raised the quota in the ICT sector from 25% to 30%. Vodacom is about 19% black-owned. There's speculation the mobile giant is in talks with the government's investment arm, as Sumitra Nydoo reports.

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