The Telecoms Action Group, with funding from Mark Shuttleworth and the help of lawyer Michael Alachouzos, is planning to ‘kick Telkom where it hurts’.
Lawyer for TAG, Michael Alachouzos said at iWeek yesterday that the best way people can put pressure on Telkom is to become shareholders of Telkom. By doing so, any person with even a single share has various rights, including looking at the company’s share register and attending its Annual General Meetings.
Alachouzos says that any 100 shareholders can convene a general meeting and giving it rights as shareholders. He stated TAG has lots of shares and has started handing them out to individuals with the end goal of convening a meeting.
So far the TAG has transferred shares to around 70 individuals, but it is an ongoing project which is expected to reach many more individuals in the next few months.