Huge blow to Vodacom
- Kenya's High Court invalidated the government's sale of a stake in Safaricom to Vodacom, ordering the 15% stake to be returned to the government.
- The sale was deemed unconstitutional due to violations of public finance management laws and lack of public participation, with critical documents not disclosed for public scrutiny.
- The ruling may lead to Kenya's government refunding about $1.9 billion it received for the stake sale and potentially renegotiating the deal with Vodacom.
Stay informed. More top South African stories on The Feed SA · Follow on Facebook