Tue Oct 25 01:49:39 CAT 2016
Minister of Cooperative Governance and Traditional Affairs Des Van Rooyen. Picture Credit: Gallo Images
Van Rooyen suddenly withdraws his interdict

In another twist involving the public protector’s office‚ the Minister of Co-operative Governance an.

Union tries to block Vodacom merger

By unknown | Feb 26, 2009 | COMMENTS [ 0 ]

Zweli Mokgata

Zweli Mokgata

The Competition Tribunal yesterday approved the acquisition of Vodacom by UK-based telecoms giant Vodafone, despite an impassioned attempt to block the merger by the Communications Workers Union.

What was meant to have been a minor formality turned into a prolonged submission by the union that the 15percent acquisition of Vodacom to give Vodafone a controlling stake in the company would mean major job losses in the sector.

Vodafone and Telkom each currently have a 50percent shareholding in Vodacom until the transaction is finalised.


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