If there was any doubt that government meddling is an impediment to Telkom’s sustainability and a drag on SA’s competitiveness, it should be removed by communications minister Dina Pule’s downright irresponsible behaviour at the AGM in Midrand last
Browsing: Lazarus Zim
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
Outgoing Telkom chairman Lazarus Zim on Wednesday indirectly hit out at government over its decision to block the sale of 20% of the fixed-line telecommunications operator’s equity to Korea’s KT Corp, calling the move “tragic” and a “big loss”. Speaking at Telkom’s annual general meeting in front of
Telkom agreed to sponsor a series of 12 breakfast events hosted by The New Age newspaper this year for a whopping R1m/breakfast, correspondence in TechCentral’s possession shows. The sponsorship, for the 2012/13 financial year, marks the second year the fixed-line operator has paid
Telkom may have broken JSE listing rules when it did not notify its shareholders that two of its directors would retire from the board this month, according to Monday’s Business Report newspaper. The two, Jackie Huntley and Julia Hope, would be retiring after Telkom’s annual general meeting on 24 October
Brian Armstrong is the second highest paid member of Telkom’s executive committee after CEO Nombulelo Moholi. Armstrong, who heads Telkom Business, took home R10,5m in the 2012 financial year, of which R2,8m was in the form of a guaranteed package and R6,7m was in fringe and other benefits
Telkom CEO Nombulelo Moholi has rejected speculation that she intends resigning next month, when Telkom chairman Lazarus Zim leaves, Business Report reported on Tuesday. “There’s nothing like that. Have you ever heard a quote from me saying that? All I can give you is I’m denying the rumour,” Moholi, who
Communications minister Dina Pule is set to present three separate options next week to cabinet on the future of Telkom. Pule’s spokesman, Siya Qoza, tells TechCentral that he is not in a position to communicate what the three options are ahead of the cabinet meeting, set for next Wednesday. The cabinet
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
Telkom has embarked on a multibillion-rand refresh of its access network into homes and businesses. Investors will probably decry the cost of taking fibre-optic infrastructure closer to and even into homes, but group CEO Nombulelo Moholi is at least leading the fixed-line operator in the right direction