Browsing: Deon Fredericks

Telkom has denied that it is underinvesting in its network after the company revealed on Monday that its capital expenditure in the six months to 30 September 2014 fell sharply, with capex-to-revenue coming in well below guidance provided previously. This fall in capex prompted analysts on Monday

Telkom has appointed long-serving executive Deon Fredericks as its new chief financial officer with immediate effect. He had been acting in the position since October 2013 following the suspension of former CFO Jacques Schindehutte, who stepped down recently. Fredericks has acting as CFO

The total remuneration bill for Telkom’s executive and nonexecutive directors as well as its prescribed officers has declined between the 2013 and 2014, the telecommunications group’s latest annual report, published

Telkom’s share price has reached its strongest levels in more than five years, touching highs not seen since May 2009 when the telecommunications operator disposed of its 50% stake in Vodacom. On Friday, the counter reached a new five-year high of R46,42/share before falling back. On

Telkom wants to cut its ratio of staff expenses to revenue to 25% in the next five years, its acting chief financial officer Deon Fredericks has revealed. In the 2014 financial year ended 31 March, the ratio was 28,6%, down from 29,8% in 2013, a decline of 3,7%. The telecommunications operator

MTN will not get access to Telkom’s valuable chunk of 4G/LTE radio frequency spectrum in the 2,3GHz band. The negotiations between the two companies, in which it is proposed that MTN takes over the financial and operational management of Telkom’s radio access network, specifically excludes

Telkom chief financial officer Jacques Schindehütte was offered the opportunity to resign before being suspended on Thursday, but doing so would not have been “congruent” with his “value system”. In a telephonic interview with TechCentral shortly after Telkom announced

Telkom’s bosses received huge pay hikes in 2013, despite deepening financial woes at the telecommunications group. Former group CEO Nombulelo Moholi, who left Telkom in March, took home slightly less money than she did in the prior year – a total of R11,6m, from R12,1m before – but this

Brian Armstrong is the second highest paid member of Telkom’s executive committee after CEO Nombulelo Moholi. Armstrong, who heads Telkom Business, took home R10,5m in the 2012 financial year, of which R2,8m was in the form of a guaranteed package and R6,7m was in fringe and other benefits

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