Pule move sparks board crisis at Telkom
High drama unfolded at Telkom’s annual general meeting on Wednesday as communications minister Dina Pule moved to exercise her power over the company by voting against the election or reelection of nonexecutive directors and against two new share incentive schemes for management. One analyst
Telkom loses its chairman
Lazarus Zim has resigned as Telkom’s chairman, the JSE-listed telecommunications group told shareholders on Tuesday. Zim informed Telkom’s board of directors of plans to retire as chairman and director at the end of the company’s annual general meeting scheduled for October. His resignation may be seen
Zim to stay on as Telkom chairman
Telkom investors will welcome news that there will be continuity on the group’s board. Chairman Lazarus Zim has been reappointed to the position and his term of office will now end on 31 August or at the group’s 2013 annual general meeting, whichever is the earlier date. Zim was appointed
Telkom on the mend?
SA’s most important telecommunications operator has been abused for years. Telkom has been fraught with political infighting and plagued by shocking management decisions. Now, finally, indications are new CEO Nombulelo Moholi is
Jacques Schindehutte is new Telkom finance chief
Telkom has appointed Jacques Schindehutte, until recently group financial director at Absa, as its new chief financial officer, replacing Peter Nelson, who resigned last year. He will take up the post on 1 August. Schindehutte, who helped oversee
Reuben September to stage telecoms comeback
Two top ex-Telkom executives, former group CEO Reuben September and former chief financial officer Peter Nelson, are set to stage a dramatic comeback to the telecommunications industry. TechCentral has learnt from well-placed industry
Telkom to name new CEO today (updated)
Telkom should know the name of its new CEO today, with the telecommunications group expected to make the formal announcement sometime in the morning. It’s widely anticipated
All eyes on cabinet over Telkom chair
Telkom should know the name of its new, government-appointed nonexecutive chairman within the next 24 hours. Cabinet was due to discuss the matter
Telkom on offensive over new dossier
A new dossier, which apparently makes new allegations about corporate governance problems at Telkom, has prompted the telecommunications group to go on the offensive by issuing a statement
Padayachie’s Telkom test
Government’s special rights in Telkom expire in six weeks’ time. It must avoid the temptation to install a puppet to lead the group. Facing a growing list of challenges, Telkom needs to hire a CEO who can