Fraud claim as backers turn on 'Call Me' Makate
Makate is now embroiled in a legal spat with his one-time financial backers who allege that he is refusing to pay them what he owes
Drama has continued to ensue in the Please Call Me matter involving Nkosana Makate, who gave the idea for the service to Vodacom. In the latest episode, Makate has opened a fraud case against his former funders, Raining Men Trade, which was placed in business rescue in January, allegedly after not receiving payment from Makate. Raining Men Trade, a litigation-funding company, claims it bankrolled Makate's case in the North Gauteng High Court against Vodacom over compensation he said was due to him for the Please Call Me idea. At the time, Raining Men Trade instructed Makate to settle for no less than R650m. But Chris Schoeman, a director of Raining Men Trade, said this week the company had since changed its tune and wanted Makate to accept the R49m that Vodacom reportedly offered him in a settlement in January. Schoeman said the company believed the offer was fair and said that, according to Raining Men Trade's funding agreement with Makate, the company was entitled to 50%, or R24.5...
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