The government has sold its 13.91% stake in Vodacom to the Public Investment Corporation to help fund the R23bn allocation to Eskom, National Treasury said in a statement on Wednesday. The National Treasury and the Department of Telecommunications and Postal Services worked together in executing the transaction. "As previously indicated, the proceeds from the sale will be used to finance the R23bn allocation to Eskom. This gives expression to the commitment made in the 2015 Budget and the … [Read more...] about Selling the family silver to fund Eskom
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