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Johannesburg - Tiger Consortium Telecommunications is demanding R100m from Vodacom [JSE:VOD] for damages it says were a result of misrepresentation of the partner selection process in Vodacom’s R7.5bn black economic empowerment (BEE) transaction to Tiger’s detriment, reported Business Report.
Tiger is one of the losing consortiums in Vodacom’s R7.5bn black economic empowerment (BEE) transaction. Tiger claims that Vodacom lied about its decision to award the stake to Thebe Investment and Royal Bafokeng Holdings.
According to papers filed at the Johannesburg High Court Tiger claims "the selection process was misleading, procedurally flawed and implemented in bad faith”.
There were 60 bidders for Vodacom’s BEE transaction.
In 2008 Tiger Consortium failed to interdict Vodacom from proceeding with the BEE deal.
In Augsut Vodacom announced that its Tanzanian unit plans to invest 200bn shillings to expand its network this year, but said rising taxes could stifle the sector.
Vodacom was also in the news recently because of a former employee's civil claim involving the company's Please Call Me service.
Nkosana Makate took Vodacom to court to get compensation for the Please Call Me service he claims he invented in 2000.
He said the executive for product development at the time, Philip Geissler, promised in an oral agreement to facilitate remuneration negotiations with the company.
Tiger is one of the losing consortiums in Vodacom’s R7.5bn black economic empowerment (BEE) transaction. Tiger claims that Vodacom lied about its decision to award the stake to Thebe Investment and Royal Bafokeng Holdings.
According to papers filed at the Johannesburg High Court Tiger claims "the selection process was misleading, procedurally flawed and implemented in bad faith”.
There were 60 bidders for Vodacom’s BEE transaction.
In 2008 Tiger Consortium failed to interdict Vodacom from proceeding with the BEE deal.
In Augsut Vodacom announced that its Tanzanian unit plans to invest 200bn shillings to expand its network this year, but said rising taxes could stifle the sector.
Vodacom was also in the news recently because of a former employee's civil claim involving the company's Please Call Me service.
Nkosana Makate took Vodacom to court to get compensation for the Please Call Me service he claims he invented in 2000.
He said the executive for product development at the time, Philip Geissler, promised in an oral agreement to facilitate remuneration negotiations with the company.
