Where will the money come from? This is the key question arising from confusion over cabinet’s decision to “support” — as opposed to authorise — a proposed additional R20bn for power utility Eskom.
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Africa’s largest mobile phone operator MTN is planning to sell 4% of the company’s equity to black investors in what could prove to be the largest broad-based empowerment deal in SA’s telecommunications industry. MTN’s empowerment deal was expected to happen last year with the unwinding of the Alpine Trust-owned investment company Newshelf 664.