Please Call Me inventor wants R10 billion cut of Vodacom profits

Please Call Me inventor wants R10 billion cut of Vodacom profits

- Nkosana Makate invented what has gone on to become a staple in many people's communication habits- the Please Call Me SMS message

- The inventor is en route back to court with cellular behemoth Vodacom to challenge its R47 million settlement offer

- Makate is aiming to score a percentage of the profits made during the decade the company used his invention

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Nkosana Makate is taking Vodacom back to court in his Please Call Me debacle, this time to challenge the R47 million settlement offered by the communications giant.

BusinessTech reports that the inventor of the call-back system has instead asked for a 5% slice of the profits made during the time Vodacom has put it to use.

This will see Makate propelled to the stature of a billionaire, with his application seeking to garner R10.billion (minus interest and legal fees) from the company, reports The Citizen.

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READ ALSO: MEC issues severe warning for Vodacom to pay Please Call Me inventor

CEO Shameel Joosub had put the nearly R50 million on the table in a bid to end the legal battle that has been ongoing for over a decade, but Makate's application noted that while is 'sounds' like a large reward for his efforts, it is only 0.023% of the call revenue the company generated since it implemented his invention.

While a 2016 Constitutional Court confidentiality agreement has prevented the two parties from discussing the matter, Till Streichert (CFO) says that it will be difficult to prove just how much they made from the free-to-use service.

Mzansi has been behind Makate, supporting his bid to ensure Vodacom coughs up what is rightfully his. Even Gauteng MEC for Education, Panyaza Lesufi has called on the company to pay up, or risk facing the wrath of the nation.

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Source: Briefly.co.za

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