Browsing: Jeff Molobela

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

Pule move sparks board crisis at Telkom

High drama unfolded at Telkom’s annual general meeting on Wednesday as communications minister Dina Pule moved to exercise her power over the company by voting against the election or reelection of nonexecutive directors and against two new share incentive schemes for management. One analyst

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

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

Duncan McLeod
Telkom on the mend?

SA’s most important telecommunications operator has been abused for years. Telkom has been fraught with political infighting and plagued by shocking management decisions. Now, finally, indications are new CEO Nombulelo Moholi is

Jacques Schindehutte is new Telkom finance chief

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

Reuben September to stage telecoms comeback

Two top ex-Telkom executives, former group CEO Reuben September and former chief financial officer Peter Nelson, are set to stage a dramatic comeback to the telecommunications industry. TechCentral has learnt from well-placed industry

Telkom to name new CEO today (updated)

Telkom should know the name of its new CEO today, with the telecommunications group expected to make the formal announcement sometime in the morning. It’s widely anticipated

Telkom on offensive over new dossier

A new dossier, which apparently makes new allegations about corporate governance problems at Telkom, has prompted the telecommunications group to go on the offensive by issuing a statement

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