Yekani CEO blames Thato Abrahams for IT firm's R68m debt
26 January 2020 - 00:01
The owner of a multibillion-rand tech company claims his business is going under because he refused to sell a controlling stake to the husband of communications minister Stella Ndabeni-Abrahams.
Siphiwe Cele, owner and CEO of Yekani Manufacturing, which until August last year built MultiChoice's Explora decoders, says the Industrial Development Corp (IDC) introduced Thato Abrahams to him as an "investor" who would buy a "majority stake" in his business "for R1bn"...
This article is reserved for Sunday Times subscribers.
A subscription gives you full digital access to all Sunday Times content.
Already subscribed? Simply sign in below.
Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.