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Telkom boss rejects resignation claims

Sep 25 2012 09:53 Sapa

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 37.45
Change -0.8
% Change -0.02
Cumulative volume 1677102
Market cap 19.50bn

Last Updated: 24/04/2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Telkom [JSE:TKG] CEO Nombulelo Moholi has rejected speculation that she intends resigning next month, when Telkom chairperson Lazarus Zim leaves, Business Report reported on Tuesday.

There's nothing like that. Have you ever heard a quote from me saying that? All I can give you is I'm denying the rumour," Moholi, who became Telkom CEO last April, told the newspaper

She also denied rumours that Communications Minister Dina Pule was guilty of undue influence in Telkom's affairs.

"I don't know what you're talking about," she told Business Report.

Telkom's stock dropped 13.1% in the last two days of last week, its worst two-day fall since May 2009.

Cabinet spokesperson Phumla Williams told the newspaper on Friday that no options for Telkom had been discussed at Cabinet's meeting on September 19.

However, the newspaper reported that on September 17, Pule's spokesperson Siya Qoza said the minister would present her recommendations at the meeting.


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telkom  |  nombulelo moholi  |  lazarus zim
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