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Protestors demand R70 billion from Vodacom for ‘please call me' inventor

30 January 2019 8:38 PM
Tags:
Panyaza Lesufi
Midrand
Nkosana Makate
Vodacom
Please Call Me
Tech Central Duncan McLeod
Duncan McLeod
TechCentral
TechCentral Duncan McLeod
TechCentral editor Duncan McLeod
Stella Ndabeni-Abrahams
Please Call Me Movement
Vodacom World
It's about a third of the company's entire market cap. Bruce Whitfield interviews Duncan McLeod, Editor at Techcentral.

The “Please Call Me Movement” intends picketing at Vodacom World in Midrand on Thursday.

The protest is in support of former employee and “please call me” inventor Nkosana Makate.

It’s shaping up to be quite a spectacle with many such as Gauteng Basic Education MEC Panyaza Lesufi hoping to score political points.

Modise Setoaba leads the movement.

It wants Vodacom to pay Makate R70 billion - almost a third of the company’s entire market capitalisation (R218 billion).

Vodacom’s entire operating income in 2018 amounted to just over R20 billion.

Lesufi has been publicly attacking Vodacom in the past few weeks, prompting the company to threaten legal action.

Communications Minister Stella Ndabeni-Abrahams earlier this month told Vodacom to “shut up”.

The Money Show’s Bruce Whitfield interviewed Duncan McLeod, Editor at TechCentral.

Duncan McLeod penned an article on Wednesday in which he implores politicians to respect the courts.

Not doing so, said McLeod, will invite “chaos and disorder”.

Listen to the interview in the audio below (and scroll down for quotes from it).

Vodacom said they’re not going to open Vodacom World tomorrow…

Duncan McLeod, TechCentral

My guess is that Makate has racked up some very large legal fees… no doubt the lawyers who are backing him want their pound of flesh…

Duncan McLeod, TechCentral

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This article first appeared on 702 : Protestors demand R70 billion from Vodacom for ‘please call me' inventor


30 January 2019 8:38 PM
Tags:
Panyaza Lesufi
Midrand
Nkosana Makate
Vodacom
Please Call Me
Tech Central Duncan McLeod
Duncan McLeod
TechCentral
TechCentral Duncan McLeod
TechCentral editor Duncan McLeod
Stella Ndabeni-Abrahams
Please Call Me Movement
Vodacom World

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