BEE-T

The UK telco BT has announced plans to sell off a 30% stake in its South African operations to comply with Black Economic Empowerment (BEE) legislation. The stake is being acquired by Sekunjalo Investments, a black-controlled company, for ZAR27 million (USD2.8 million), Dow Jones reports. BT South Africa provides networked IT services to corporate clients including Anglo American, Barclays Bank and Visa.