[imagesource:wonderai]
There’s one South African who is about to have a banger of a year.
South Africa’s Supreme Court of Appeal has ordered Vodacom to pay Kenneth Nkosana Makate at least R29 billion for his Please Call Me proposal. That’s billion, not million.
Court records obtained by MyBroadband reveal that the Supreme Court has ordered Vodacom to pay Makate between R28.99 billion and R55.37 billion. They got off lightly.
The exact wording of the Supreme Court ruling was as follows:
“The applicant is entitled to be paid 5%–7.5% of the total revenue of the [Please Call Me] product from March 2001 to date of judgment by the Second Respondent, together with the Mora Interest thereon, alternatively interest in terms of Section 2A(5) of the Prescribed Rate of Interest Act,” the order stated.
Whatever legalese they put it in, this means that Makate (47) is now one of the richest men in South Africa. The inventor of the ‘Please Call Me’ concept recently said that when the long-standing court case between him and Vodacom is over, he wants to move to India to meditate and forget about Vodacom. After today’s ruling, he’ll probably fly first class.
R29 billion is an insane amount of money. If Makate is reading this, please call me.
[source:mybroadband]
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