The new leaders of Eskom vowed on Tuesday to resolve governance problems as they outlined “significant” financial difficulties at the at the state-owned power utility. Lenders who had stopped taking Eskom’s calls because of
Browsing: Jabu Mabuza
Eskom is wasting no time approaching potential lenders in the hope that Saturday’s board overhaul was enough to ease concerns about governance at the struggling utility. The company will ask banks for funding commitments to
South Africa appointed a new board at struggling utility Eskom, with Jabu Mabuza becoming chairman, and ordered a new permanent CEO to be named within three months. As well as the appointment of Telkom chairman Mabuza
Investors in Telkom gave its shares a dressing down on Tuesday in the wake of continued plans by the government to sell part of its shares in the fixed-line group to fund the bail out of cash-strapped South African
It’s ironic that the two keynote addresses (from both government and Telkom) on the first day of the operator’s Southern Africa Telecommunication Networks and Applications Conference
The revelation on Wednesday that finance minister Malusi Gigaba is considering selling a big chunk or possibly even all of government’s 39.3% in Telkom, at face value, is fantastic news. There is absolutely no reason for government
People forget that Telkom CEO Sipho Maseko left Vodacom in 2012 under rather strange circumstances. I won’t bore you with the details. But what he has achieved at Telkom since his appointment in April 2013 has
Telkom CEO Sipho Maseko took home total pay in the 2017 financial year of R25.9m, up 78% from R14.5m a year earlier, the company’s annual report, published on Tuesday, shows. Maseko, who took the reins at Telkom
Telkom will soon have a new name. CEO Sipho Maseko is leading a major restructuring at the partly state-owned company that will result in “Telkom” becoming the consumer-facing retail telecommunications brand sitting under a new, “Remgro-style” corporate centre.
Telkom reported stellar results on Monday, proving that privatisation is the only real option to solve the dire financial positions and the criminal lack of corporate governance at virtually all of South Africa’s state-owned enterprises. The reported results