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
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Telkom’s operating expenses of R15,6bn in the first half of its 2013 financial year were almost level with its revenue of R16,1bn, meaning the company could soon be lossmaking. This is the warning from chief financial officer Jacques
Roy Kruger, technical adviser to communications minister Dina Pule, says Telkom is set to stage a turnaround despite being overstaffed “like all government entities”. He says the Pule has submitted several proposals, including a recommendation, on the company’s future to cabinet. He
Migration from fixed-line services to mobile alternatives continues to hurt Telkom, with the number of fixed lines in service plummeting to less than 3,9m at the end of September from 4,1m a year ago. The operator’s interim results for the six
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 is moving quickly to reconstitute its board of directors following government’s move at the company’s recent annual general meeting to block the election or reelection of four of its nonexecutive directors. On Friday, it announced it had appointed Leslie Maasdorp
Telkom has appointed Attila Vitai as MD of its mobile division, which includes Telkom Business Mobile and 8ta. The appointment is effective immediately. According to Telkom, Vitai “brings a wealth of experience with a successful 20-year track record of senior
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
Communications minister Dina Pule has moved quickly to distance herself from comments made by her technical adviser, Roy Kruger, at a telecommunications conference in Cape Town on Tuesdaym saying she “learnt with regret” of his remarks
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