SA satellite company to sell equity to State by mid year

South African specialist microsatellite company Sun Space & Information Systems (SunSpace), which is based in Stellenbosch in the Western Cape, has been negotiating for the past two years with the government over the State buying equity in the company.

On Friday, South Africa's Government Communications and Information System (GCIS) announced that, in its meeting on February 10, the Cabinet had, in principle, decided to acquire between 55% and 60% of SunSpace, "in order to retain South Africa's national space capabilities".

http://www.engineeringnews.co.za/article/sa-satellite-company-to-sell-equity-to-state-by-mid-year-2010-02-12