China's sovereign wealth fund CIC bought their 25% stake in Shanduka - which means change in TshiVenda - for R2bn ($240m).
South Africa-based financial services firms Old Mutual Private Equity and Investec have sold their quarter stake in unlisted black empowerment conglomerate Shanduka Group, an investment holding company set up by former minister Cyril Ramaphosa.
China’s sovereign wealth fund CIC bought their 25% stake in Shanduka – which means change in TshiVenda – for R2bn ($240m).
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