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/ 8 November 2007

Mvelaphanda to buy stake in Vox Telecom

South African investment group Mvelaphanda Group will buy 12,3% of telecommunications firm Vox Telecom for R292,3-million in cash. Mvelaphanda said that Vox Telecom — which provides voice and data services — is ideally placed to benefit from the development of the South African telecoms industry.