Company Data
| Last traded |
R103.50 |
| Change |
R-0.40 |
| % Change |
-0.38% |
| Cumulative volume |
795,240 |
| Market cap |
R154.00bn |
Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - Vodacom [JSE:VOD] is fighting tooth and nail to keep secret a potentially embarrassing forensic report from KPMG, concerning allegations that former CEO Alan Knott-Craig snr exploited the cellular company's resources for the benefit of his family, Timeslive.co.za reported on Sunday.
Among the charges levelled against Knott-Craig snr are that his son, Alan Knott-Craig jnr, was given office space and millions of rands to build and promote his businesses; that a company owned by his niece and nephew, and which was on the verge of bankruptcy, was awarded an exclusive multi-million three-year marketing and advertising contract without a proper tender process; and that he arranged for Vodacom to pay tens of thousands of rands for a call centre employee to be trained as a magician.
Knott-Craig snr has led Vodacom from inception in 1993 until 2008, and sits on several major boards. Vodacom is now the 16th largest company on the JSE, with a market value of R79bn.
According to the Timeslive.co.za report, both Vodacom's current chairman, Peter Moyo, and former chairman, Oyama Mabandla, have said the report found there were charges that warranted "further investigation" and that "there were recommendations for areas that needed improvement".
The report is central to a Labour Court dispute with a whistle-blower - who the company allegedly claimed it fired for "grossly inappropriate conduct" - but Vodacom has refused to produce it, said Timeslive.co.za.
- Fin24.com