Caribbean company demands share of Please-Call-Me founder Nkosana Makate's millions from Vodacom
- A company from the British Virgin Islands in the Caribbean has laid claim to a substantial percentage of Nkosana Makate's payout from Vodacom
- Vodacom reached a settlement with Makate after a legal battle that lasted almost two decades, which ended in November
- However, a mining company alleges that it deserves almost half of the payout due to a contract that existed between Makate and the company
Tebogo Mokwena, a Briefly News journalist with 10 years of experience, offered valuable insights into South Africa’s business environment during his three years at Vutivi Business News.
Source: UGC
JOHANNESBURG — Nkosana Makate, the founder of Please-Call-Me, has rubbished a claim a British Virgin Islands company made to the fortune he received after he and Vdacom reached a settlement.
According to News24, Black Rock Mining alleged that it was entitled to 40% of the payout. This was due to a 2011 agreement between Makate and Black Rock Mining. Makate approached the company, and it assigned an agreement to fund Makate's legal battle against Vodacom. However, Makate said in 2018 that his lawyers cancelled the funding agreement.
Company fights for Please-Call-Me shares
The company's representative, Sinen Mnguni, said that Makate and Christiaan Schoeman, a South African businessman, entered into an agreement to fund his legal war. Schoeman reportedly represented Black Rock, which at that time was not named.
Makate, however, said that the company is more than welcome to sue him. He rubbished their claim to the payout he received and said their case is without merit.
Source: Briefly News
