THE SALE OF THE TELKOM STAKE, Who's who in the zoo

Sneeky

Sneeky

Honorary Master
Joined
May 5, 2004
Messages
12,180
Reaction score
2,742
Location
Durban
By Carol Paton Financial Mail

No better example exists of the potential for conflict between ANC heavyweights over business than the sale of a 15% stake in Telkom two years ago. To date, the FM and other publications have been unable to find out where all the money from the deal landed up. It has dissipated into a murky web of transactions between ANC-linked organisations and individuals.

The background is this. Around June 2004, there were indications that Thintana, a US/Malaysian consortium, wished to dispose of its 15,1% stake in Telkom. It was a sought-after asset - Telkom had been a strong performer.
Click to expand...
Read more here
http://secure.financialmail.co.za/07/0119/cover/coverstoryc.htm
 
To implement the transaction, several shelf companies, named Clidets of various numbers, were established. The first Clidet held 3% of Leopard which was set aside for consortium member Blue Label, which had bankrolled the bid.
Click to expand...

Isnt these the Blue Label which bought the iBurst shares?
If so, then who is left out of the telecomunications monopoly?
 
In all of this, is Mbeki a good guy or bad guy? :confused:

I suppose it's not so simple is it. If he discourages this type of thing, he risks losing support within the ANC... ?
 
ryan411 said:
In all of this, is Mbeki a good guy or bad guy? :confused:

I suppose it's not so simple is it. If he discourages this type of thing, he risks losing support within the ANC... ?
Click to expand...

or perhaps an Elephant.... maybe Ivy too (looks a bit like....)

Why else all the BS about who is a stake holder
 
From the outside it appears as if there are 2 clear camps. Those that are happy to profiteer and enrich themselves at the expense of the nation and those that believe telecoms reforms are essential to sustain South Africa's economic growth. Short term greedy louts and long term planners.
From the press reports it seems as if Thabo is in the later category taking aim at Smuts and his mates.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X