Vodacom cuts off Ngcuka

I thought that people in goverment where supposed to work for us, and not work to make themselfs richer. or am I just being narrow minded ?
 
But it has been established that another bidder has emerged to take on the Saudi Oger Group, which has indicated that it wants to buy Telkom’s stake in Vodacom.
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:eek: Either that is incorrect, or I have missed some major news in the last few weeks...:confused:

Last I heard, Ogre was allegedly interested in Telkodemonopolies itself, and that MTN was also allegedly renewing its interest - spurred on by guavamentalists pulling MTN's strings.

I don't see how Ogre could possibly be entertaining obtaining a stake in Vodacom - such a deal would never get Competition Commission & Tribunal approval simply bcos Ogre owns CellC which is a direct [albeit inept] competitor to Vodacom. The only way this could work, is if Ogre first & completely sells off its stake in CellC, the only problem is no one really wants to buy into CellC - except maybe Telkodemonopolies which first & completely has to sell off its 50% stake in Vodacom...

Has anyone else heard this before - that Ogre wants to buy into Telkodemonopolies' 50% of Vodacom???
 
ic said:
Last I heard, Ogre was allegedly interested in Telkodemonopolies itself, and that MTN was also allegedly renewing its interest - spurred on by guavamentalists pulling MTN's strings.

Has anyone else heard this before - that Ogre wants to buy into Telkodemonopolies' 50% of Vodacom???
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First time I heard that Shrek wanted to buy into Vodacom. But, yes, Shrek was interested in CellC the last time I checked.

Maybe Shrek changed its mind?
 
The_Librarian said:
First time I heard that Shrek wanted to buy into Vodacom. But, yes, Shrek was interested in CellC the last time I checked.

Maybe Shrek changed its mind?
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Maybe so - Vodacom is the blue chip company that keeps Telkodemonopolies afloat and Ogre would be mad not to be interested, but Ogre's problem would be being able to dump|offload CellC before being allowed [by CC & CT] to buy into Telkodemonopolies' 50% of Vodacom, and if the Ogre did decide to abandon CellC in the swampland, then CellC would be well and truly paddling up a dry creek.
 
The_Librarian said:
First time I heard that Shrek wanted to buy into Vodacom. But, yes, Shrek was interested in CellC the last time I checked.

Maybe Shrek changed its mind?
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They have interests in Cell C - since they launched.
The speculation was that they would be interested in Telkom cut, partly of tension between Vodacom and Telkom.

With Vodacom recently announcing it will offer ADSL, I suspect they have made up.
 
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Balstrome said:
I thought that people in goverment where supposed to work for us, and not work to make themselfs richer. or am I just being narrow minded ?
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My thoughts too. These people should be there to serve the nation and it's people. Should they really be allowed to have any business interests - or maybe only on small scale such as a cc.
 
dionb said:
They have interests in Cell C - since they launched.
The speculation was that they would be interested in Telkom cut, partly of tension between Vodacom and Telkom.

With Vodacom recently announcing it will offer ADSL, I suspect they have made up.
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By reselling ADSL, Vodacom will be competing with and taking business away from TelkodemonopoliesHindernet, and 50% of such ADSL-resell profits then go to Vodafone instead of 100% to Telkodemonopolies.

Telkodemonopolies is likely to blow another gasket when Vodacom does start reselling ADSL - it will be another nail in the coffin of the morbid relationship between Vodacom and Telkodemonopolies.
 
ic said:
By reselling ADSL, Vodacom will be competing with and taking business away from TelkodemonopoliesHindernet, and 50% of such ADSL-resell profits then go to Vodafone instead of 100% to Telkodemonopolies.

Telkodemonopolies is likely to blow another gasket when Vodacom does start reselling ADSL - it will be another nail in the coffin of the morbid relationship between Vodacom and Telkodemonopolies.
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DO you approve of monies going to overseas? I to dont think it should go to Telkom but I would prefer it to stay here in SA.
 
dionb said:
My thoughts too. These people should be there to serve the nation and it's people. Should they really be allowed to have any business interests - or maybe only on small scale such as a cc.
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TIA
 
JK8 said:
DO you approve of monies going to overseas? I to dont think it should go to Telkom but I would prefer it to stay here in SA.
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The short answer is yes: IMO draconian exchange control regulations designed to hijack foreign investors and prevent them from voting with their feet, are very bad for the country.

Also you are forgetting that Vodafone has invested billions in SA through Vodacom, why should Vodafone be prevented from getting a return on its investment?

I'm also of the opinion that schemes such as PSA do more harm to the country than good for the country - especially since Telkodemonopolies is one of the original masterminds behind PSA.

The problem in SA, is that guavamentalists want to control everything and have as many fingers in as many pies as possible, and then they tell us they are not corrupt...:rolleyes:
 
I wonder how different these BEE deals are going to be now that people who were once regarded as having the "right" political affiliations, are being dumped for now having the "wrong" ones. First Bheki Khumalo and now Ngcuka. How broadbased will these empowerment deals become or will crony capitalism continue to survive as the current elite is simply replaced by a new set of oligarchs?
 
Just like Hyena's, a new matriarch will rise to the occasion (or rather opportunity:eek:
 
JK8 said:
DO you approve of monies going to overseas? I to dont think it should go to Telkom but I would prefer it to stay here in SA.
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Do you think the likes of high-flyers such as maybe Mr Nguka does not have a little swiss/isle of man etc stash:cool:
 
ic said:
By reselling ADSL, Vodacom will be competing with and taking business away from TelkodemonopoliesHindernet, and 50% of such ADSL-resell profits then go to Vodafone instead of 100% to Telkodemonopolies.

Telkodemonopolies is likely to blow another gasket when Vodacom does start reselling ADSL - it will be another nail in the coffin of the morbid relationship between Vodacom and Telkodemonopolies.
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Reselling ADSL you are meaning the data portion, not the physical line.
I have not referred a single customer to TelkomInternet - in principle, and I think there are many like me.
May not be that smooth for Vodacom with their current data model though.
For one, rates of 7c odd per MB, data roll-over and and and...
Our exchange (one of 2 that serves us is ADSL compatible, 512k) has no ADSL ports available. Probably another reason I have seen nothing of 3.6 HSDA and Vodacom/MTN backhaul sufferring.

Personally, I think Vodacom would only plan to resell ADSL to pee off Telkom and/or take some (less significant) business from them.
 
dionb said:
Reselling ADSL you are meaning the data portion, not the physical line.
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Quite a few ADSL ISPs also resell the ADSL Access|Connectivity line rental portion, I would be surprised if Vodacom does not do the same thing when it's SAIX-based ADSL ISP account reselling has been launched & in use for a few months.
 
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