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Telkom jumps on board appointments

Dec 14 2012 08:30 Sapa

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 38.50
Change 0.38
% Change 0.01
Cumulative volume 46781
Market cap 20.05bn

Last Updated: 23/04/2014 at 01:57. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Telkom [JSE:TKG] shares jumped more than 4% after it announced the appointment of five independent non-executive directors to fill posts vacant since October, it was reported on Friday. 

Business Day reported that Telkom chairperson Jabu Mabuza welcomed the new appointments' positive contribution to the company. 

"It is encouraging that in just a few weeks we have made significant strides in addressing the issues of leadership and government relationships with Telkom," he said. 

Joining the board were former Absa directors Louis von Zuener and Susan Botha, Anglo American Southern Africa head Khanyisile Kweyama, Global Alliance managing director Clive Fynn and Employee Pension Fund investment trustee Fagmeedah Peterson. 

The company now had a 14-member board and was looking for a new group CEO to replace Nombulelo Moholi, who was serving her notice period.

 

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