Former Openserve and Internet Solutions executive Prenesh Padayachee has been appointed as chief digital officer, replacing chief technical officer Claes Segelberg in an expanded role.
Telkom’s group chief financial officer, Tsholofelo Molefe, has resigned with immediate effect to take the role of chief financial officer at rival MTN Group, where she will take on CEO Ralph Mupita’s old job.
Telkom CEO Sipho Maseko pointed out something of the obvious at the group’s interim results presentation earlier this week: the telecommunications group is undervalued.
Telkom’s ICT services business BCX will spin off its data centre business into another Telkom subsidiary, Gyro, and the telecommunications group may then seek external investors.
Telkom is aiming to reduce the gap its shares are trading at to the net worth of its assets in the next three to five years, its CEO said on Tuesday, as the company drives to unlock value across its businesses.
Telkom’s fixed-line and enterprise business lines have taken a battering due to the Covid-19 lockdown, but its consumer mobile business is flying, the company said in a market update on Friday.
Santie Botha and Khanyisile Kweyama are stepping down from the board of Telkom, while Alphonzo Samuels will join the board along with Herman Singh.
Telkom Group CEO Sipho Maseko has taken a haircut to his remuneration in the 2020 financial year after no short-term incentives were paid to executive directors.
With rumours swirling about potential consolidation in the months ahead, Telkom CEO Sipho Maseko said his company is ready for a wave of mergers and acquisitions – should they happen.
Vox-owned fibre-to-the-home infrastructure provider Frogfoot Networks said on Friday that it will extend free line speed upgrades, introduced during South Africa’s lockdown, indefinitely.