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South Africans support ex employee over Vodacom compensation offer.

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A settlement offered by South African mobile telecom provider Vodacom to a former employee Makate drew tens of protesters on the streets of Johannesburg on Thursday.

They’re calling for a better deal for a former Vodacom employee, who played a key role in creating the company’s call-back messaging service.

The service, allows Vodacom customers to send a free message to someone to call them when they can’t afford to make the call themselves.



“I think it’s very important because the poor cannot even even afford airtime, so how are they going to communicate with other people? So, the easiest way to actually communicate is actually to send a ‘Please Call Me’ that will allow the next person, who has airtime at that time to actually call you back”, said Makate supporter, David Tau.

The service is highly-popular in South Africa.

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And these protesters want Nkosana Makate, the man behind it to get 70 billion rand or about 5 billion U.S. dollars for it.

In 2016, Vodacom was ordered by South Africa’s top court to pay Makate for his role in creating the service.

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But the court did not set a specific compensation amount, leaving the two parties to figure it out.

Makate has called the settlement proposal “shocking and insulting”, but he didn’t say what he would consider to be a reasonable amount.

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Crime

Ugandan Woman Bags 20 years jail term for killing husband

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A Uganda High Court has sentenced a 27-year-old woman, Jackline Nakku, to 20-years in jail for murdering her husband on Valentine’s Day in 2018.

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The High Court in Mukono District in central Uganda found her guilty of murdering her husband Eric Kiddu after hitting him several times on the head with an iron bar.

After the murder Nakku attempted to make the killing appear to be the result of an attack by unknown people by screaming and running to neighbours to ask for help. His body was later found in a pool of blood with a panga and brick besides it, the Daily Monitor reported.

The couple had quarrelled shortly before the bloody encounter with a misunderstanding leading to Kiddu’s death.

Nakku was advised by the judge to appeal the sentence if she was dissatisfied as relatives of both husband and wife argued outside the court, trading accusations.

-IOL News

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Business

Egypt Ranks 2nd Amidst World Emerging Economies.

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Amidst the 21 most flexible emerging economies worldwide, Renowned Bloomberg has listed Egypt’s economy behind Philippines in the face of the global trade war.

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In its analysis, the Bloomberg agency relied on a set of criteria, most important of which being the GDP growth rate, local currency performance against international currencies, foreign exchange reserves, credit rating, and finally current account performance.

The Egyptian cabinet’s Media Center said in a statement on Monday that indicators of the Egyptian economy improved significantly during the recent period, most notably the choice of the Egyptian pound as the second-best performing currency in the world against the US dollar this year so far, according to Bloomberg.

Of these indicators, GDP growth in the third quarter of fiscal year 2018/2019 reached 5.6 percent, alongside a rise in net foreign exchange reserves by the end of May 2019 to US$44.3 billion, with the current account deficit as a percentage of the GDP declined from 6.1 percent in 2016/2017 to 2.4 percent in 2017/2018.

The statement added that the Egyptian credit rating achieved its best level since 2011 after the agencies of Moody’s, Fitch and Standard & Poor’s upgraded Egypt’s credit rating.

-Egyptian Independent


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