LoneGunman
Expert Member
I was wondering, as I eye Telkom's listing on the NYSE..
( http://www.nyse.com/about/listed/tkg_news.html )
( http://finance.google.com/finance?q=NYSE:TKG )
While within SA, folks are discovering the legislative madness of trying to go after the individual leaves of the forest (via ICASA and various other clearly toothless bodies)
How about this for an approach:
1. If it can be argued and proven that Telkom itself, is conducting business in a way that is racist and racially based - ie: avoiding supplying its services to certain ethnic demographic areas.
and
2. If it can be argued that and proven, that Telkom itself, is actively harming the economic and business potential of SA - which translates to depriving 'black' consumers, in the SA context.
a) Are there not watchdog organizations, and/or existing legislation in the US, which can be approached with the above data, so that legislation can be enforced to require Telkom to alter its practices or lose its NYSE listing?
b) Are there not watchdog organizations (of whatever genre) and/or human rights groups, who can be provided with the information and data, demonstrating that Telkom itself, is a company out of control and causing immense harm and hardship to the average black South African, and to the economy of SA itself?
Its clear that the fight against Telkom, would seem to need to take place in every area where more civilized and enforceable laws exist, and where Telkom is attempting to expand and/or make money outside of SA.
If documentation, data and charts can be assembled, to demonstrate either a racist approach to business, and/or a consistent pattern of behavior which is causing harm to the welfare of black South Africans and undermining democracy - potentially this can be a very emotive and interesting case for any number of US and/or EU groups, watchdog organizations, and NGO's fighting discrimination and racism.
I'm suggesting this because:
Telkom currently benefits from the corrupt and inefficient legal system in SA, and the corruption inherent from the State having access to its profits.
Therefore, a logical way forward, is to harness the power of the Law, in countries which have no such corruption or vested interests, to maintain.
And to attack Telkom's attempts to represent itself as a 'normal' Company - and do everything legally possible, to bring pressure to bear, to either force Telkom to halt its ongoing profiteering from black South Africans and the SA economy - or to have its stock and shares devalued, as it becomes more and more clear to investors that this is a racist and damaging company, which is directly harming the aspirations of South African citizens, and threatening the democratic process itself.
(Indeed, one could argue that Telkom and its endless profit, has already corrupted the democratic process in SA, and caused the Government to deliberately avoiding enacting various legislations, that would have helped all South Africans, and improved the economy dramatically).
Thoughts from the lawyers on forum?
( http://www.nyse.com/about/listed/tkg_news.html )
( http://finance.google.com/finance?q=NYSE:TKG )
While within SA, folks are discovering the legislative madness of trying to go after the individual leaves of the forest (via ICASA and various other clearly toothless bodies)
How about this for an approach:
1. If it can be argued and proven that Telkom itself, is conducting business in a way that is racist and racially based - ie: avoiding supplying its services to certain ethnic demographic areas.
and
2. If it can be argued that and proven, that Telkom itself, is actively harming the economic and business potential of SA - which translates to depriving 'black' consumers, in the SA context.
a) Are there not watchdog organizations, and/or existing legislation in the US, which can be approached with the above data, so that legislation can be enforced to require Telkom to alter its practices or lose its NYSE listing?
b) Are there not watchdog organizations (of whatever genre) and/or human rights groups, who can be provided with the information and data, demonstrating that Telkom itself, is a company out of control and causing immense harm and hardship to the average black South African, and to the economy of SA itself?
Its clear that the fight against Telkom, would seem to need to take place in every area where more civilized and enforceable laws exist, and where Telkom is attempting to expand and/or make money outside of SA.
If documentation, data and charts can be assembled, to demonstrate either a racist approach to business, and/or a consistent pattern of behavior which is causing harm to the welfare of black South Africans and undermining democracy - potentially this can be a very emotive and interesting case for any number of US and/or EU groups, watchdog organizations, and NGO's fighting discrimination and racism.
I'm suggesting this because:
Telkom currently benefits from the corrupt and inefficient legal system in SA, and the corruption inherent from the State having access to its profits.
Therefore, a logical way forward, is to harness the power of the Law, in countries which have no such corruption or vested interests, to maintain.
And to attack Telkom's attempts to represent itself as a 'normal' Company - and do everything legally possible, to bring pressure to bear, to either force Telkom to halt its ongoing profiteering from black South Africans and the SA economy - or to have its stock and shares devalued, as it becomes more and more clear to investors that this is a racist and damaging company, which is directly harming the aspirations of South African citizens, and threatening the democratic process itself.
(Indeed, one could argue that Telkom and its endless profit, has already corrupted the democratic process in SA, and caused the Government to deliberately avoiding enacting various legislations, that would have helped all South Africans, and improved the economy dramatically).
Thoughts from the lawyers on forum?
