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A delegation from Cell C has left for Beirut to attend the funeral of majority shareholder Rafik Hariri, killed in a car bomb there, the company said on Tuesday.
Hariri, who was prime minister of Lebanon until four months ago, died with nine other people when a massive bomb exploded in a motorcade in the city on Monday.
At least 100 other people are reported to have been injured in the blast.
"We at Cell C are saddened by the passing away of Mr Hariri," S'bu Mngadi, an executive at Cell C, said.
Hariri was chairperson of Saudi Oger, a privately-owned Saudi-based company which had a 60 percent stake in Cell C through Saudi Oger Telecom SA.
"We pay tribute to Mr Hariri's foresight in believing in the potential of Cell C," said Mngadi.
Hariri recently handed control of the company to his son Saad who, Mngadi said, they dealt with directly on a daily basis.
He said the death of Hariri would have no direct impact on the future of the company in South Africa.
Agence France Presse reported that the funeral would be held at noon at the Mohammed al-Amin Mosque in central Beirut. Lebanon has declared five days of national mourning to mark his death.
He had been prime minister five times.
It was not yet clear who was responsible for the blast. - Sapa