Business Entrepreneurs

South Africa: BEE Group May Reject Vodacom Deal.
A CONSORTIUM shortlisted for part of Vodacom”s R7,5bn empowerment stake is meeting today to debate pulling out of the deal completely.

The consortium reads like a black Who”s Who of the hi-tech industry, spanning technicians, entrepreneurs, lawyers and regulators. But its head, Nkenke Kekana, says they object to being forced to work with three other groups, including a cast of political characters, and may quit rather than bid for a stake split between too many players with too little experience to enhance the business.

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