R5m. That’s how much Vodacom paid its former CEO, Alan Knott-Craig, to restrain him from working for or advising competitors in the telecommunications industry. He was paid this money after he retired. Included in the amount, which is disclosed in Vodacom’s 2010 annual financial report, released this week, is payment to Knott-Craig for any advice and assistance requested by his successor, Pieter Uys.
Browsing: Alan Knott-Craig
High drama appears to be unfolding at wireless broadband operator iBurst. Company CEO Jannie van Zyl may be on his…
JSE-listed cellphone group Vodacom has come under fire from the Institute of Directors for not disclosing that it was paying…
Former Vodacom Group CEO Alan Knott-Craig has confirmed a Sunday Times report that he is being paid a monthly fee…
Former Vodacom Group CEO Alan Knott-Craig is “fully satisfied” that he has “done no wrong” and “acted properly at all…
Vodacom shareholders decided to take no action against former CEO Alan Knott-Craig following a forensic report into nepotism allegations, the…
Wireless broadband operator iBurst is reducing its headcount by about 20% as part of a restructuring meant to cut costs…
SA’s telecommunications industry is in such a poor state precisely because of secret deals done in smoke-filled rooms. So it’s…
State-owned broadcast signal distributor Sentech has defended its continued ownership of a valuable chunk of radio frequency spectrum needed to…
I know that this article is going shock you, but not in the way you expect, so buckle up. I have oversimplified the piece, but its essence is as true as you could wish for. The other day, I found a Telkom — in those days Posts & Telecommunications — internal “newspaper” called Postel, dated December 1982. The front page article — coincidentally written by myself at the time — described a 40% cut in international data communication tariffs based on X.75 packet-switching. Before the 40% cut, it cost, in today’s money, more than R10 000 to send 1MB of data. After the 40% cut, it cost only R6 000/MB — a bargain, with demand exceeding supply