Archive for July, 2015

Government sells cellphone shares to raise funds for Eskom

  The South African government has sold its 13,91% stake in Vodacom to the Public Investment Corporation (PIC), acting on behalf of the Government Employees Pension Fund (GEPF). The proceeds from the sale will be used to finance the R23-billion allocation to Eskom. This gives expression to the commitment made in the 2015 Budget and […]