Vodacom Please Call Me case back in court — idea-man wants billions

that Vodacom CEO Shameel Joosub used the wrong model to determine the compensation and ordered that he recalculate it.

Vodacom explained that Joosub considered four different models that could have been used to determine Makate’s compensation. These models yielded the following figures:The R47 million offer is the average of the two most favourable outcomes for Makate — rounded up to R47 million. There is some dispute about this timeline, as MTN says it was first to market with its “Call Me” product on 23 January 2001.

A source told MyBroadband that during these heated exchanges, one of Vodacom’s principal investors at the time, The Rembrandt Group , jumped in.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Please Call Me inventor’s compensation figure ‘exaggerated’, says VodacomIn 2016, the Constitutional Court ordered Vodacom to negotiate a 'reasonable compensation' with Nkosana Makate, but the two are still at loggerheads over what that amount should be.
Source: ewnupdates - 🏆 30. / 53 Read more »

SCA to hear Vodacom vs 'Please Call Me' case in Bloemfontein - SABC NewsThe Supreme Court of Appeal (SCA) in Bloemfontein will on Tuesday hear the matter between the telecommunications giant, Vodacom, and the “Please Call Me” inventor, Nkosana Makate.
Source: SABCNews - 🏆 37. / 51 Read more »

Nkosana Makate and Vodacom Please Call Me saga continues in SCAThis comes after the Constitutional Court made a ruling that Vodacom compensate Nkosana Makate, however, the two parties cannot agree on the amount.
Source: ewnupdates - 🏆 30. / 53 Read more »