Telkom paid the controversial former MD of its international operations and subsidiaries, Motlatsi Nzeku, a R13m “retirement settlement” to leave the telecommunications operator. The figure is contained in Telkom’s 2013 annual report
Browsing: Nombulelo Moholi
Newly appointed communications minister Yunus Carrim has said that Telkom must balance the interests of all of its shareholders, including government. He made the remarks in statement following a meeting on Thursday with Telkom CEO Sipho Maseko and chairman Jabu Mabuza. Deputy
Telkom’s newly appointed group CEO, Sipho Maseko, has bought shares worth almost R1m in the JSE-listed telecommunications operator. Maseko bought 52 000 shares on Thursday, 11 July, worth R990 080. The purchase came on the same day that Telkom Mobile slashed prepaid voice tariffs to
With a potential repositioning of some of the country’s most significant parastatals in the offing, a number of ministers could lose out as key entities are placed under the ever-extending wing of public enterprises minister Malusi Gigaba. Not least of these
There’s more bad news for Telkom shareholders this week. The partially privatised JSE-listed telecommunications company warned on Monday that it expects its headline earnings per share to be at least 20% lower than the 324,7c it reported a year ago. Telkom is under
Telkom is a shadow of the company it once was. As little as 10 years ago, it thoroughly dominated SA’s telecommunications landscape. Today, it’s not even among the top 40 companies listed on the JSE. Its market value has dwindled to such as extent that, at R7,8bn, it’s worth less than 5% of Vodacom, in which it once
There was a tight race between Sipho Maseko and Brian Armstrong for Telkom’s top job, a source claiming to have knowledge of the appointment process has told TechCentral. Telkom confirmed the news of Maseko’s appointment as its new group CEO in a statement to shareholders after TechCentral broke
Sipho Maseko is Telkom’s new group CEO and will take over from outgoing CEO Nombulelo Moholi next week, TechCentral has been told by three separate sources with ties to the telecommunications operator. An announcement about his appointment may be made as soon as this afternoon
Telkom and the Competition Commission have dropped their separate applications to the competition appeal court related to last year’s decision by the Competition Tribunal to hand down a R449m fine on the telecommunications operator for past anticompetitive abuses. Competition Commission
Telkom’s fixed-line broadband expansion plans can now continue unhindered after the telecommunications operator won a crucial battle at the supreme court of appeal in Bloemfontein. The supreme court on Monday dismissed an application brought by ZTE Mzanzi, a black-owned telecommunications company