South Africa’s Vodacom to appeal ruling invalidating Safaricom stake sale

In a filing to the Johannesburg Stock Exchange, Vodacom said it will appeal the judgment at the Court of Appeal and seek orders temporarily suspending its implementation pending the appeal...

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South Africa's Vodacom Group plans to appeal a Kenyan High Court ruling that invalidated the Kenyan Government's sale of its 15 percent stake in Safaricom.

The sale, valued at approximately Sh204 billion, was declared unconstitutional and null and void.
Vodacom Group will lodge an appeal at the Court of Appeal and seek a temporary suspension of the ruling.
The transaction had previously faced legal challenges regarding data sovereignty and public participation concerns.

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The Online Kenyan

South Africa’s Vodacom to appeal ruling invalidating Safaricom stake sale

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