Loading...
See More

Telkom picks hotel exec as chairperson

Nov 16 2012 16:11 Reuters

Company Data

VODACOM GROUP LIMITED [JSE:VOD]

Last traded 131
Change 0
% Change 0
Cumulative volume 1060526
Market cap 0

Last Updated: 27-03-2015 at 04:19. Prices are delayed by 15 minutes. Source: McGregor BFA

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 79
Change 1
% Change 1
Cumulative volume 880881
Market cap 0

Last Updated: 27-03-2015 at 04:19. Prices are delayed by 15 minutes. Source: McGregor BFA

MTN GROUP LIMITED [JSE:MTN]

Last traded 204
Change 0
% Change 0
Cumulative volume 2425083
Market cap 0

Last Updated: 27-03-2015 at 04:19. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Telkom strengthens board

Pule laments Moholi's Telkom departure

PIC: Stability needed at Telkom

Privatise Telkom, urges DA

Moholi adds to Telkom exodus

Telkom warns on profits

 
Johannesburg - Telkom [JSE:TKG] said on Friday it appointed a former gaming and hotel executive as its next chairperson, following the abrupt departure of several board members.

Jabulane Mabuza, who was appointed to the board earlier this week, has been appointed as its chairperson with immediate effect, Telkom said in a statement.

The former chief executive of Tsogo Sun Holdings, Mabuza has been the chairperson of the Casino Association of South Africa and of South African Tourism, a tourism promotion group.

As Telkom's new chairperson he will have to lead the search for the its next chief executive after its current head said this month she will step down in May.

The future of the state-controlled telecom, whose shares are down 45% this year, has been thrown into doubt by tentative government plans to renationalise it and force it to push through a costly expansion of rural internet access.

Stung by declining fixed-line usage and an expensive, failed attempt at expansion into Nigeria, Telkom has struggled to boost flagging earnings.

It has launched an expensive mobile phone unit that has struggled to win customers in a market dominated by Vodafone unit Vodacom Group [JSE:VOD] and MTN Group [JSE:MTN]. The mobile business has yet to turn a profit two years after its launch.
vodacom  |  mtn group  |  telkom

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
22 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

People who fall victim to Ponzi scams are:

Previous results · Suggest a vote

Loading...