{"id":148325,"date":"2015-12-02T16:10:40","date_gmt":"2015-12-02T14:10:40","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=148325"},"modified":"2015-12-02T16:11:42","modified_gmt":"2015-12-02T14:11:42","slug":"pic-increases-its-stake-in-vodacom","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cellular\/148325-pic-increases-its-stake-in-vodacom.html","title":{"rendered":"PIC increases its stake in Vodacom"},"content":{"rendered":"<p>The Public Investment Corporation has increased\u00a0its stake in Vodacom, according to a report by <strong><a href=\"http:\/\/www.fin24.com\/Tech\/Companies\/pic-bumps-up-stake-in-vodacom-20151202\" target=\"_blank\">Fin24<\/a><\/strong>.<\/p>\n<p>The PIC acquired its first batch\u00a0of shares in JSE-listed Vodacom on 31 July &#8211; 7.049%. It then increased its total interest in the company\u00a0to 8.574%.<\/p>\n<p>On 2 December, Vodacom announced that the PIC has since purchased\u00a0another 6.812% in ordinary shares &#8211; taking its stake to 15.386%.<\/p>\n<p>&#8220;The PIC\u2019s increased stake in Vodacom marks its growing interest in telecommunications companies as it also has a 13% stake in MTN,&#8221; stated Fin24.<\/p>\n<p>The South African government owns the PIC, with the Minister of Finance as a shareholder representative.<\/p>\n<h3 class=\"my-4\">More on Vodacom<\/h3>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/government\/146679-big-danger-if-vodacom-mtn-and-telkom-are-not-stopped.html\">Big danger if Vodacom, MTN, and Telkom are not stopped<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/146691-vodacoms-6-biggest-headaches.html\">Vodacom\u2019s 6 biggest headaches<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Public Investment Corporation has increased its stake in mobile network Vodacom.<\/p>\n","protected":false},"author":23,"featured_media":143697,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[14],"tags":[36,6208,41],"class_list":["post-148325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cellular","tag-active","tag-pic","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/148325"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=148325"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/148325\/revisions"}],"predecessor-version":[{"id":148327,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/148325\/revisions\/148327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/143697"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=148325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=148325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=148325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}