Browsing: Jabu Mabuza

Schindehütte received R6m Telkom loan

It has emerged that suspended Telkom chief financial officer Jacques Schindehütte was granted an interest-free R6m loan by the telecommunications operator to allow him to buy shares in the company. But Telkom is now concerned the loan may have been in breach of the Companies Act

Telkom CFO in ‘personal misconduct’ charge

The purchase by Telkom group chief financial officer Jacques Schindehütte of R6m worth of Telkom shares on 30 September had nothing to do with the operator’s board’s decision to suspend him on Thursday pending the outcome a disciplinary process

Telkom CFO spends R6m on shares

Telkom’s chief financial officer, Jacques Schindehütte, has bought R6m worth the telecommunications shares on the open market. The move comes on top of a R1m purchase of Telkom shares in July. The latest move by Schindehütte will come as reassuring news to Telkom

Duncan McLeod
Signs of profound change at Telkom

Don’t look now, but something profound is happening at Telkom. The new management team, led by group CEO Sipho Maseko and board chairman Jabu Mabuza, appears to be actively trying to change (well-founded) perceptions that the company is a litigious and rapacious

Now Telkom CFO buys shares

Telkom chief financial officer Jacques Schindehütte has joined the company’s CEO, Sipho Maseko, and chairman, Jabu Mabuza, in snapping up shares in the telecommunications operator. The company notified shareholders on Friday that Schindehütte had bought

‘Telkom must balance interests’ – Carrim

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

Now Mabuza buys Telkom shares

Days after newly appointed Telkom CEO Sipho Maseko dug into his own pocket to buy up R1m of the telecommunications group’s shares, its chairman has now done likewise. Telkom revealed to shareholders in a statement issued through the JSE that Jabu Mabuza, who was

Duncan McLeod
Another chance for Telkom

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

Tussle for Telkom top job

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

Telkom may soon know its fate

After repeated delays, communications minister Dina Pule says the options for Telkom’s future are being finalised in consultation with the telecommunications operator’s board. Pule put options to cabinet last year but these were returned following recent board changes that saw Jabu

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