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ICASA and Cosatu: Pie in their faces

ADSL South Africa (Broadband South Africa), 24 May 2009

ICASA (The Independent Communications Authority of South Africa) and Cosatu (Congress of South African Trade Unions) are both sitting with pie in their faces after they have failed to block the sale of Telkom’s 15% stake in Vodacom to Vodafone.

Vodacom listed as planned…

Vodacom has listed on the JSE (Johannesburg Stock Exchange) as planned despite efforts from ICASA and Cosatu to throw a spanner in the works. The North Gauteng High Court has ruled in favour of Vodacom last Sunday, clearing the way for Vodacom’s listing. It is therefore no surprise that ICASA has now decided to halt all efforts to hold a public inquiry into the sale of Telkom’s stake in Vodacom. They are with their back to the wall and they know it.

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