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 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
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
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
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
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’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
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
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.
In terms of a consent agreement with South Africa’s competition authorities, Telkom on Thursday unveiled further tariff reductions for certain wholesale products, including a sharp reduction in international bandwidth prices. Effective from 17 October, Telkom Wholesale will reduce the tariff for
