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Moteane explains allegations that put Vodacom’s Lesotho license at stake

Vodacom shareholders are surprised that the Lesotho communications authority slapped the company with R8.2 million in penalties for noncompliance.

Vodacom. Picture: Facebook.

JOHANNESBURG – Vodacom Lesotho board chair Matjato Moteane has moved to explain allegations concerning the hiring of his sister in law’s firm saying corporate governance was followed.

The Lesotho communications authority is threatening to revoke the mobile giant’s license.

It also wants over R8 million in penalties, but Vodacom is fighting this.

Vodacom shareholders are surprised that the Lesotho communications authority slapped the company with R8.2 million in penalties for noncompliance.

Moteane is board chairperson and representative of 20% local shareholder the Sekhametsi consortium.

“Threats of revocation are being issued and as Sekhametsi we would just like to see checks being addressed [and] the necessary corrective action is being taken.”

The regulator has accused the mobile giant of hiring a non-independent auditor, which is a firm owned by Moteane’s sister-in-law.

He says he had no hand in this.

“Our audit committee who are the ones who have the mandate of choosing the auditor would respond. The company has responded and their response clearly does not find favour with the regulator.”

The other accusation allegedly by the regulator is that Sekhametsi acquired its 20% stake irregularly 20 years ago.

But Moteane says this has not been communicated to him.

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