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
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If Telkom had a theme tune right now it would probably be written by hard rock band AC/DC, perhaps something from their 1976 classic album Dirty Deeds Done Dirt Cheap. No, not the title track, because there is nothing cheap about Telkom, with communications minister Dina Pule’s adviser
Impressive. That’s the adjective that seems most appropriate in describing Telkom’s new chairman. Jabu Mabuza, a taxi driver turned business mogul, has very quickly identified the challenges facing Telkom and recognised the need to mend the breakdown
It is not up to government to devise a strategy for Telkom or for it to impose its will on the company. Rather, it’s up to management, through the board of directors, to develop a strategy and sell that to all shareholders, including government. That’s the view of newly
Telkom has appointed Jabulane Mabuza as its chairman with immediate effect. Mabuza was appointed to the board as a nonexecutive director earlier this week. Mabuza fills the role of chairman left vacant by the resignation at Telkom’s annual general meeting
Telkom now has sufficient directors on its board to elect a new chairman. This follows the appointment of Jabulane Mabuza and Kholeka Mzondeki as directors of the telecommunications operator. Telkom’s board was thrown
Telkom is in limbo. At the end of May, when government decided not to support the sale of 20% of the group’s equity to Korea’s KT Corp, communications minister Pule was given three months to come up with a strategic plan for the troubled telecommunications operator
The resignation on Monday of Nombulelo Moholi has been met with dismay by industry analysts, who have praised the outgoing Telkom group CEO while at the same time expressing alarm and cautioning that government must announce its intentions for the company sooner rather
Telkom must be fully privatised to prevent the company from being plunged into a crisis, the DA said on Monday. “Should government persist in its naive and dangerous management of Telkom we may well soon see the company come cap-in-hand to parliament
Investors sold off Telkom shares on Monday following the resignation of group CEO Nombulelo Moholi. The share price was almost 3% lower at R17,69 in late morning trade on the JSE, after briefly changing hands at as low as R17,51. Telkom