Legal battle over Tshwane broadband intensifies

Supplied
Supplied

The legal fight stalling the rollout of a municipal broadband network in Tshwane is far from over.

In 2016, the then ANC-controlled City of Tshwane awarded a contract of more than R1bn to a company called Thobela to install a municipal fibre broadband network.

Via a subsidiary, JSE-listed Altron Nexus owns a stake in Thobela and it was also contracted to supply the infrastructure. It started building the network, but eight months later the incoming DA city government stopped the contract after it alleged that due process was not followed in awarding it.

The City of Tshwane asked the high court to set the contract aside. In July this year, the high court found in its favour, but Altron announced on Thursday that Thobela Telecoms has been granted leave to appeal at the Supreme Court of Appeal.

In its annual report, Altron said it was owed R301m as part of the project.

ZAR/USD
17.36
(+0.71)
ZAR/GBP
22.63
(+0.90)
ZAR/EUR
20.44
(+0.46)
ZAR/AUD
12.40
(+0.86)
ZAR/JPY
0.16
(+1.11)
Gold
1941.71
(+1.89)
Silver
25.97
(+4.64)
Platinum
940.00
(+2.11)
Brent Crude
44.46
(-1.09)
Palladium
2134.00
(+2.53)
All Share
57375.56
(+0.36)
Top 40
53041.73
(+0.40)
Financial 15
10196.49
(-0.19)
Industrial 25
76411.50
(+1.17)
Resource 10
58426.36
(-0.43)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 967 votes
It depends on how the funds are used.
74% - 6428 votes
No. We should have gotten the loan elsewhere.
15% - 1327 votes
Vote