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Telkom’s patience in mobile finally pays off

Telkom’s patience in mobile finally pays off

Telkom’s mobile business is finally profitable (and sustainable). Since its launch in 2010 (as 8ta), its cumulative losses total R10bn. In those six financial years (to 31 March 2016), it generated R12,9bn in

Has Telkom cut too many jobs?

Has Telkom cut too many jobs?

Telkom CEO Sipho Maseko has succeeded where none of his predecessors could. Reuben September, Jeffrey Hedberg and Pinky Moholi all tried … or at least they talked tough. Since Maseko’s appointment in April 2013, Telkom has shed a third of its permanent employees, with

Molobela gone from Telkom board

Molobela gone from Telkom board

Telkom’s annual general meeting got off to a bang on Friday after controversial former chairman Jeff Molobela withdrew his bid to be re-elected as the director, accusing the company’s board of violating due process. The move comes after Telkom’s board took the unusual step of

Telkom’s Nzeku paid R13m to go away

Telkom’s Nzeku paid R13m to go away

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

Telkom to name Maseko as CEO

Telkom to name Maseko as CEO

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 remains stuck in limbo

Telkom remains stuck in limbo

Telkom’s share price continues to trade at near to all-time record lows as a lack of clarity from government on its plans for the company and uncertainty about who will take over from outgoing CEO Nombulelo Moholi continue to cloud the outlook for investors. Moholi

Telkom loses its chairman

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

Controversial figure leaves Telkom

Controversial figure leaves Telkom

The MD of Telkom’s international operations and subsidiaries, Motlatsi Nzeku, is “retiring” from the telecommunications group, effective immediately.
The controversial Nzeku was fired by former Telkom Group CEO Reuben September in 2009 for allegedly leaking internal Telkom documents to a Sunday

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

Hedberg joins management exodus from Altech

Jeffrey Hedberg has resigned as Altech’s chief operating officer less than nine months after joining the JSE-listed technology group, adding to a growing exodus of top management. Hedberg, a US national who was previously acting group CEO at Telkom, was appointed to Altech

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