Vodacom faces CCMA over BEE deal

November 20, 2009

The Communication Workers Union (CWU) has started complaints proceedings against Vodacom over what it calls broken promises over its equity deal.

Late last year, Vodacom completed the largest telecoms broad-based empowerment deal in the industry, totalling R7.5 billion. As part of the deal, the company implemented a share scheme known as YeboYethu, which holds 3.44% of Vodacom.

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