Issued by Vodacom
Johannesburg, 01 Feb 2007
Alan Knott-Craig, Group Chief Executive Officer, Vodacom, says: "Vodacom is and will continue to be committed to the ICT charter on BEE.
"The management of Vodacom has been tasked to submit proposals to the Vodacom Group board for equity participation by suitable BEE entities.
"To this end, a large number of applications have been received from such entities. Vodacom management hopes to submit its proposals to the Vodacom Group board in March 2007.
"All indications suggest the size of the transaction will be in the vicinity of R7.5 billion. Vodacom is being advised on this transaction by Rand Merchant Bank."
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