Mascom board resists millionaire founder's 'comeback' bid

Mascom could soon undergo a multi-billion Pula transaction
Mascom could soon undergo a multi-billion Pula transaction

Zimbabwe-born millionaire and Mascom founder, Strive Masiyiwa, is the “secret” partner MTN is looking at offloading its stake in the local mobile giant to; various highly placed sources told BusinessWeek this week.

The proposed deal has reportedly displeased sections of the Mascom board, which is dominated by representatives of the Botswana Public Officers Pension Fund (BPOPF).

On Tuesday, a Bloomberg report said MTN’s stake, acquired in 2005 is about 53% and worth up to P3.2 billion. Bloomberg did not report the identity of the proposed purchaser of the shares. Mascom’s shareholding is a complex affair with available information indicating that while the BPOPF holds the majority directly, MTN is in the majority indirectly.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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