Johannesburg – Trade union Solidarity wants clarity on Vodacom’s reported plans to implement a R15 billion empowerment deal.
In a statement issued on Wednesday, the union argues empowerment deals seem to serve to exclude people who are not black.
Deputy general secretary Johan Kruger says such deals could be attendant on the unequal allocation of shares in employee stock ownership plans (ESOPs), an allocation done according to race. This is a cause for concern for Solidarity.
“If these rumours are true Solidarity, will not hesitate to take further action and to launch mobilisation campaigns against the deals,” Kruger says.
Solidarity’s letter comes on the back of a Bloomberg report towards the end of last month that Vodacom was considering the sale of a R15 billion stake in what would be one of the South Africa’s biggest ever empowerment deals.