Browsing: Khanyisile Kweyama

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SABC board responds to tender allegations

The SABC board said on Monday that “decisive and appropriate action” will be taken if allegations of fraud and corruption related to a R185m security tender awarded in July 2017 are proven to be true. The Star newspaper

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SABC seeks government bailout

The SABC is in talks with national treasury to secure a guarantee to help it claw its way out of a financial crisis after it failed to pay some of its content suppliers in March and

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Journalists named to interim SABC board

President Jacob Zuma has appointed five members to the interim board of the SABC, with respected journalists among the people named at a crucial time for the financially troubled broadcaster. Zuma said in a statement on Sunday that

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Telkom share leaps higher on board hires

Telkom’s share price jumped more than 4% in intraday trading after it announced the appointment of five independent nonexecutive directors to fill posts vacant since October. The share closed up by 3,5%, a rare strong move for a company whose share price has tumbled by almost 45% over the past year

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King Louis named to Telkom board

Former Absa deputy CEO Louis von Zeuner — known to his colleagues in the banking industry as “King Louis” — has been named as one of five new business leaders who have joined the board of the partially state-owned telecommunications operator Telkom. Von Zeuner, who is highly respected in the