South Africa to sell Telkom, Vodacom shares to fund Eskom

Monday 26 January 2015 | 10:48 CET | News
South Africa's government is planning to inject USD 870 million into public power utility Eskom, and it may sell its stakes in Telkom and Vodacom to raise the money. Reuters reported that the government may supply the funds as soon as June 2015. National Treasury has already identified a viable strategy to raise the required amount, Treasury spokesman Jabulani Sikhakhane said.

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Categories: Fixed / Mobile & Wireless
Companies: Telkom / Vodacom South Africa
Countries: South Africa
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