Browsing: Sipho Maseko

Telkom CFO in ‘personal misconduct’ charge

The purchase by Telkom group chief financial officer Jacques Schindehütte of R6m worth of Telkom shares on 30 September had nothing to do with the operator’s board’s decision to suspend him on Thursday pending the outcome a disciplinary process

Telkom’s Schindehütte speaks out

Telkom chief financial officer Jacques Schindehütte was offered the opportunity to resign before being suspended on Thursday, but doing so would not have been “congruent” with his “value system”. In a telephonic interview with TechCentral shortly after Telkom announced

Telkom suspends chief financial officer

Telkom has suspended its chief financial officer, Jacques Schindehütte, pending the outcome of a disciplinary process. “The board was recently made aware of certain allegations and appointed an independent law firm to investigate them,” the telecommunications operator says in a statement

Len de Villiers is new Telkom CIO

Telkom has named one of the country’s top chief information officers, Len de Villiers, as its new CIO. De Villiers is a former CIO for both Nedbank and Absa.
De Villiers takes on the role on 1 November. He has 25 years’ experience in the IT industry having start in IT

Vodacom, MTN take price pounding

The share prices of MTN and Vodacom fell sharply on Monday, while Telkom climbed by nearly 5%, after telecommunications regulator Icasa publish draft regulations for inter-network call rates that strongly disfavour the two bigger operators. At lunchtime, Vodacom was

Duncan McLeod
What a Vodacom, Neotel tie-up means

So, Vodacom is in exclusive talks to buy Neotel. There’s no surprise there – that Neotel is for sale is one of the telecommunications industry’s worst-kept secrets. But if the deal goes ahead, which is far from certain, it could spark further, arguably much-needed consolidation in the sector

Telecoms operators to know their fate

The stage is set for an epic showdown between South Africa’s telecommunications operators. This Friday, telecoms regulator Icasa will publish draft call termination regulations outlining its position on further cuts to termination rates and the introduction of asymmetry for smaller players

Telkom CFO spends R6m on shares

Telkom’s chief financial officer, Jacques Schindehütte, has bought R6m worth the telecommunications shares on the open market. The move comes on top of a R1m purchase of Telkom shares in July. The latest move by Schindehütte will come as reassuring news to Telkom

Editor's pick
Telkom CEO vows to fight ‘unfair’ LLU

Telkom group CEO Sipho Maseko has vowed to fight local-loop unbundling (LLU), saying the telecommunications operator’s shareholders shouldn’t be “prejudiced unfairly” by “subsidising” competitors that don’t want to invest in their own infrastructure. “Telkom has been trampled over for quite a

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Telkom takes an axe to costs

In an effort to arrest declining revenues and remain competitive, Telkom is slashing costs wherever possible, including cancelling newspaper and magazine subscriptions, scrapping its “gift and flower policy”, doing away with bottled water and water coolers and limiting staff travel costs.

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