By Mandisi Tyulu
17 May 2009
Vodacom will oppose an interdict by telecommunications regulator Icasa and Cosatu in the Pretoria High Court this morning. The interdict is being brought to prevent Vodacom from listing on the Johannesburg Stock Exchange tomorrow.
The deal involves ending the joint shareholding in Vodacom by Telkom and Vodafone.
However, Icasa announced on Friday that Telkom needed is approval to dispose of its Vodacom shares to the UK’s Vodafone. Cosatu claims the public should have a say in the transaction. The deal involves 22-point-five-billion rands.
Cosatu spokesperson Patrick Craven says if the deal goes through 65 percent will be owned by the British multinational Vodafone and the will be no South African control.
There is a danger that they will start to rationalise all their operation and retrench workers, says Craven
17 May 2009
Vodacom will oppose an interdict by telecommunications regulator Icasa and Cosatu in the Pretoria High Court this morning. The interdict is being brought to prevent Vodacom from listing on the Johannesburg Stock Exchange tomorrow.
The deal involves ending the joint shareholding in Vodacom by Telkom and Vodafone.
However, Icasa announced on Friday that Telkom needed is approval to dispose of its Vodacom shares to the UK’s Vodafone. Cosatu claims the public should have a say in the transaction. The deal involves 22-point-five-billion rands.
Cosatu spokesperson Patrick Craven says if the deal goes through 65 percent will be owned by the British multinational Vodafone and the will be no South African control.
There is a danger that they will start to rationalise all their operation and retrench workers, says Craven
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