Vodacom shares for whites
AfriForum is laying the groundwork for legal battle that, if successful, could redefine black economic empowerment.
The civil rights body under the mainly white trade union Solidarity, submitted a application to buy some of Vodacom’s YeboYethu shares on behalf of an "impoverished young white" resident in Bethlehem.
"AfriForum will monitor whether the shares will indeed be allocated and will take legal action if the shares are not allocated," it said in statement.
According to YeboYethu’s rules, "black" people refers to Africans, Indians, and Chinese individuals. Kriel said that no legal framework exists in terms of which Vodacom can claim that impoverished residents of Bethlehem are not Africans.
Kriel indicated that the residents of Bethlehem with “pale” complexions regard themselves to be Africans, as they feel themselves to be deeply committed to the continent.
All applicants will be informed within 30 days after September 11 2008 whether their applications for shares had been successful.
Vodacom YeboYetho shares discussion
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