Vodacom unit alleged to have caused $4.76m loss to Tanzania

Egyptian Hisham Hendi and other executives"intentionally and wilfully organised a criminal racket, which caused the government ... to suffer a pecuniary loss," the documents said.

They were not allowed to enter a plea or apply for bail, and are being held in police custody until the case comes up on April 17, a court official told Reuters.Reuters was not able to contact legal representatives for the detained executives on Thursday. Vodacom, a subsidiary of South Africa’s Vodacom Group, is Tanzania's leading telecom company by the number of mobile subscribers, with about 32 percent of the country’s 40 million mobile subscribers, ahead of Tigo Tanzania, a subsidiary of Sweden’s Millicom, and a local unit of India’s Bharti Airtel.Source

South African companies can not survive where there is no racism. The business model is still pinned at slavery and bullying employees.

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