TeleGeography Logo

PIC acquires second tranche of government’s 13.9% stake in Vodacom

2 Dec 2015

South Africa’s Public Investment Corporation (PIC), which manages investments on behalf of the Government Employees Pension Fund (GEPF), has acquired a further interest of 6.812% in domestic telecoms provider Vodacom Group, thus increasing its total shareholding in the company to 15.386%.

As previously reported by TeleGeography’s CommsUpdate, the South African government sold its 13.910% stake in the Johannesburg-based operator to PIC in July 2015, in order to help fund a ZAR23 billion (USD1.89 billion) allocation to struggling domestic electricity supplier Eskom. The first tranche of the newly purchased shares – which increased PIC’s holding in Vodacom to 8.574% (up from 1.525%) – was acquired on 31 July. TeleGeography notes that Vodacom Group, which is listed on the Johannesburg Stock Exchange (JSE), is majority owned by UK-based mobile giant Vodafone Group (65.00%).

South Africa, Vodacom Group

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.