Telkom’s sprawling wholesale division, Openserve, is likely to be the next unit of the telecommunications group to be listed on the JSE.
Browsing: Sipho Maseko
In an effort to unlock shareholder value trapped in its corporate structure, Telkom has announced it will seek a JSE listing for its masts and towers business.
Telkom has welcomed the decision by communications regulator Icasa to consent to a court order setting aside its decision to publish an invitation to apply to take part in South Africa’s planned spectrum auction.
Telkom has appointed Lunga Siyo as CEO of its consumer business with effect from 1 October 2021. The role had been filled until now by incoming group CEO Serame Taukobong.
Telkom CEO-designate Serame Taukobong believes the company’s investments in a range of areas will stand it in good stead in the coming years.
Serame Taukobong has been appointed as Telkom’s group CEO-designate and will replace Sipho Maseko, who has led the company for the past eight years, in mid-2022.
Telkom’s rapid mobile growth continues unabated, with the telecommunications group reporting a 36.3% increase in subscribers year-on-year in the quarter ended 30 June 2021.
Telkom has disclosed in its integrated report, published on Monday, that it will pay its outgoing group CEO R20-million to retain his services for the two years between March 2020 and March 2022.
Sipho Maseko, who announced last week that he will step down as Telkom CEO next year, saved the company from impending ruin. That might sound like an overstatement; it’s not. By Duncan McLeod.
Sipho Maseko is stepping down as CEO of the partially state-owned telecommunications group Telkom after nine years in the job. He will depart on 30 June 2022.