A small group of protesters descended on Vodacom’s head office on Thursday to demand Vodacom pays Nkosana Makate, the “inventor” of the “please call me service”, R70-billion.
With Vodacom’s head office in Johannesburg set to be the site of protest action on Thursday by people supporting the operator’s ex-employee, Nkosana Makate, hot-headed politicians would be well advised to avoid inflaming tensions for political gain.
Vodafone Group has suspended purchases of equipment from Huawei for the core of its wireless networks. However, it’s not immediately clear how this affects Vodacom, which is controlled by Vodafone.
Vodacom Group’s latest trading update, for the quarter ended December 2018, makes for sobering reading, particularly for those invested in the telecommunications sector.
Vodacom Group fell the most in more than two months after it reported falling sales in South Africa, where a slower than expected economic recovery dampened consumer spending.
WorldRemit, a UK company that specialises in money transfers into Africa, plans a new funding round in the next six months ahead of a potential initial public offering or buyout.