True amount in Vodacom settlement to Makate allegedly revealed

Is that the boss that wasn’t authorised to?
Was part of the legal case, it was the director of product development, think if you have a director title, you have the authority to do so.
 
Was part of the legal case, it was the director of product development, think if you have a director title, you have the authority to do so.
I think Vodacom said he couldn’t approve, nothing was agreed, nothing was in writing, nothing was executed and they’d have done the idea.

The court didn’t care and said he was entitled to R2trn or something - hence he was also quite lucky
 
I think Vodacom said he couldn’t approve, nothing was agreed, nothing was in writing, nothing was executed and they’d have done the idea.

The court didn’t care and said he was entitled to R2trn or something - hence he was also quite lucky
The court did care, and there was quite a bit of time dedicated to it, with his boss being one of the witnesses, plus memo on it.

The director who approved it was not his direct superior, it was the head of department. If the head of department promises something, I'd expect that to be official, else would literally everything have to go through the CEO in such a huge company? Nothing would ever get to market, there'd be no point having a director.

You could also get out of any deal by just having someone sit in between, would be stupid.
 
The court did care, and there was quite a bit of time dedicated to it, with his boss being one of the witnesses, plus memo on it.

The director who approved it was not his direct superior, it was the head of department. If the head of department promises something, I'd expect that to be official, else would literally everything have to go through the CEO in such a huge company?
Well that’s how the Vodacom structure works - regardless of how you ‘expect it to work’. Vodacom put forward evidence that he did not have authority - and the court overruled it via some smart legal loophole.

The same as the ‘agreement’ - was a loophole. And it was a non-executed idea - was just ignored. And there are number of other loopholes that were used.
 
“Based on the earnings impact” as if Vodacom would’ve spent two decades waiting for a judgment to pay out of current financials… there would’ve been a provision. The impact might suggest the settlement far exceeded the provision. IMHO since both parties have not actually stated the number perhaps suggests it’s far more than estimated in these articles. Or not. My 5c.
 
Well that’s how the Vodacom structure works - regardless of how you ‘expect it to work’. Vodacom put forward evidence that he did not have authority - and the court overruled it via some smart legal loophole.
Yeah, because in the high court argument he didn't have the official title / board position yet, meanwhile the constitutional court found he basically already had the position (all products went through him, he actively directly reported to the CEO, ran the entire department and he was officially approval for all junior employee stuff). He got officially confirmed the next year.
The same as the ‘agreement’ - was a loophole. And it was a non-executed idea - was just ignored. And there are number of other loopholes that were used.
They launched the product in 2001...

The constitutional court's decision, because they had the info regarding internal e-mails and stuff showing he acted with the authority already, is a good thing for all of us, as again, doesn't matter what your official title is, if the company gives it to you implicitly.
 
I think Vodacom said he couldn’t approve, nothing was agreed, nothing was in writing, nothing was executed and they’d have done the idea.

The court didn’t care and said he was entitled to R2trn or something - hence he was also quite lucky
You forget Vodacom also credited him with the idea internally.
 
Top
Sign up to the MyBroadband newsletter
X