UK firm seeks 40 percent of $40.7 million settlement from ‘Please Call Me’ inventor Nkosana Makate
Nkosana Makate faces a new court battle as UK company seeks $16.2 million of his $40.7 million Vodacom settlement.
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Nkosana Makate faces a new court battle as UK company seeks $16.2 million of his $40.7 million Vodacom settlement.
Skims, co-founded by Emma Grede, hit a $5-billion valuation after raising $225 million to boost global expansion and new stores.
Vodacom confirmed that its board approved the agreement on Nov. 4 and said the financial impact will be reflected in its half-year results due Nov. 10.
South Africa’s regulator drops opposition to Vodacom’s $741.7 million deal for Maziv, moving Johann Rupert’s Remgro closer to sealing the landmark fiber acquisition.
The company’s results for the year ending March 31, 2025, underscore a business in transformation, yet also raise questions about financial transparency and consumer risk.
The Johannesburg-listed telecom giant raised medium-term guidance, signaling a potential turnaround driven by gains in Egypt and fintech.
The deal, first disclosed on Nov. 10, 2021, has encountered multiple regulatory and transactional hurdles, leading to repeated extensions.
Despite this growth, profitability faced challenges due to currency fluctuations in key markets such as Egypt and Ethiopia, which put pressure on service revenue.
Vodacom's Maziv deal blocked by Competition Tribunal. Regulatory hurdles stifle expansion plans.
Nkosana Makate, inventor of the “Please Call Me” service, faces a new setback in his legal battle against Vodacom Group.
Vodacom Group led by leading South African executive Shameel Joosub has announced the successful deployment of a world-first triple-band mobile radio unit.
Vodacom Group, led by telecoms veteran Shameel Joosub, boasts a network of over 200 million African subscribers.