Vodacom ordered to pay Please Call Me idea-man R29BN
SA’s Supreme Court of Appeal has ordered Vodacom to pay Kenneth Nkosana Makate at least R29 billion for his ‘Please Call Me’ proposal.
According to court records obtained by MyBroadband, the Supreme Court has ordered Vodacom to pay 47-year-old Makate between R28.99 billion and R55.37 billion.
The exact wording of the Supreme Court ruling read: “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.”.
Vodacom previously said it will challenge the Supreme Court’s ruling in the Constitutional Court.
Should Vodacom end up paying Kenneth Nkosana Makate his mega pay day, it could result in anything from job cuts to price hikes at the mobile operator.