Policy, Law, Economics and Politics - Deepening Democracy through Access to Information
This privately-owned website is operated and maintained by Creamer Media
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
25 May 2012
   
 
 
Article by: Reuters
 
 
 

South Africa will not dispose of a 13% stake in Vodacom, a unit of Britain's Vodafone, because of its important contribution to the national fiscus, the Communications Minister said on Tuesday.

"Right now we think that these are significant shareholdings that are important to the fiscus and we do not have any intention to dispose of them," Roy Padayachie told reporters.

He said the stake equated to about R500-million a year, and government needed to develop a national strategy after determining which assets it owned in the ICT sector in Africa's largest economy.

The shareholding became available when government-owned fixed line operator Telkom unbundled its 50% stake in Vodacom in 2009 as it sought to enter the mobile phone sector.

Edited by: Reuters
 
 
 
 
  Photos
 
 
 
Communications Minister Roy Padayachie (Picture by: Duane Daws)
 
Communications Minister Roy Padayachie (Picture by: Duane Daws)
 
 
 
  Map
 
 
 
 
 
 
Advertisements:
 
 
 
 
 
 
 
 
 
 
 
 
  Related social media
 
 
 
 
 
 
  Topics on this page
 
 
 
Company
 
Telkom
Vodacom
Vodafone
Continent
 
Africa
Country
 
britain
south africa
Person
 
roy padayachie
Technology
 
Cellular Telephone
 
 
 
 
 
 
Online Publishers Association