JSE-listed Altron has expressed its pleasure with the Constitutional Court ruling that affirmed the Supreme Court of Appeal’s previous ruling to the effect that the broadband network contract awarded to Thobela Telecoms, a special purpose vehicle in which Altron Nexus is a minority shareholder, is valid and binding.
In an order dated 19 May 2021, the Constitutional Court refused the City of Tshwane’s application for condonation and dismissed the application for leave to appeal with costs.
Altron Group Executive: Legal, Hansie Schutte, expressed the company’s satisfaction with the decision. “We are pleased with the outcome of the Constitutional Court’s order and we see this judgment as a victory for the people of Tshwane and all companies who obey the rule of the law as well as the funders involved in this project,” said Schutte.
The matter relates to a dispute between Thobela Telecoms and City of Tshwane over the City’s allegations that the tender award process was irregular due to internal processes and procedures at the City of Tshwane not being correctly followed. The project was later put on hold by the City of Tshwane, pending the outcome of the litigation proceedings.