The documents Makate is seeking include extracts of a report by audit firm KPMG, which was compiled after Vodacom shareholders had requested an investigation"due to two whistle-blowers disclosing various serious poor governance and intellectual property issues at Vodacom".
Makate also listed a summary of revenue and customer numbers from Vodacom's annual reports of between 1997 and 2006, as one of the documents he wanted access to. He said his lawyers had requested all these documents to no avail. Approached for comment yesterday, Makate said:"We are getting to the nuts and bolts of how flawed the determination of the CEO is, and the fact that he's denying us access to the documents shows how indefensible his determination is."
This chap will die without seeing a single cent. He should settle so that he can build a legacy for his family. Hes making this entirely about him forgetting that his children can benefit from even a million rand and these guys are prepared to give him much more than a million.
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