BTSA-Sekunjalo saga: Breaking up is hard to do for African Equity Empowerment Investments

www.dailymaverick.co.za
2 min read
fairly difficult
Investment holding company African Equity Empowerment Investments is resisting the decision by British telecoms giant BT to break up its relationship with the Sekunjalo group.
A pedestrian walking past the BT offices in central London, Britain. (Photo: EPA-EFE / ANDY RAIN) / Iqbal Survé, Sekunjalo group CEO. (Photo: Gallo Images / Foto24 / Lerato Maduna)



In a new twist to the saga between the South African unit of British telecoms giant BT and the Sekunjalo group, African Equity Empowerment Investments (AEEI) is disputing the British company's legal right to break up the group.

The relationship is founded on a 30% shareholding AEEI has in a company called Kilomix, with the remainder held by BTSA.

BTSA announced the break-up following a presentation made to the Standing Committee on Finance late last month, saying in a cryptic statement that, "We were…
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