Browsing: Sibusiso Luthuli

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

Communications minister Dina Pule is “confident” that the board of Telkom will “help the state achieve its developmental goals” while ensuring that the telecommunications group remains “commercially sustainable”. Pule made the remarks in a written statement following her first meeting with Telkom’s board

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

Communications minister Dina Pule said on Tuesday that government’s first responsibility as a shareholder in Telkom is to ensure a board of directors is constituted and the company as stabilised. However, she warned that her role is to champion government programmes

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

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

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