The Companies and Intellectual Property Commission (CIPC) has scolded Telkom CEO Sipho Maseko, ordering him to attend a corporate governance and director duties course within 90 business days over the granting of a R6m interest-free loan to the company’s
Browsing: Jacques Schindehutte
The disciplinary hearing involving suspended Telkom chief financial officer Jacques Schindehütte will begin in Johannesburg tomorrow, Thursday, the telecommunications operator has said in a statement. “This disciplinary hearing is the outcome of a process that
Suspended Telkom chief financial officer Jacques Schindehütte has a “fiduciary duty” to repay R6m he was loaned by the company so that he could buy shares. The telecommunications operator says in a statement that the loan was granted in a manner that
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
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 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 has suspended its chief financial officer, Jacques Schindehütte, pending the outcome of a disciplinary process. “The board was recently made aware of certain allegations and appointed an independent law firm to investigate them,” the telecommunications operator says in a statement
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
In an effort to arrest declining revenues and remain competitive, Telkom is slashing costs wherever possible, including cancelling newspaper and magazine subscriptions, scrapping its “gift and flower policy”, doing away with bottled water and water coolers and limiting staff travel costs.
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