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Johannesburg - Sentech CEO Sebiletso Mokone-Matabane has resigned before the end of her contract in September, the state-owned signal distributor said on Wednesday.
"Today [Wednesday] is her last day," Sentech spokesperson Polly Modiko said.
Modiko did not know who would take over as acting CEO.
Last month a task team report on the company did not explicitly
recommend axing its CEO and board.
However, the report found that Sentech was "rudderless,
inadequately funded and misdirected" and was an unsustainable
business.
The task team urged drastic and immediate action if Sentech was
to avoid lapsing into terminal decline.
The company's situation had been caused by several factors
including a new regulatory regime allowing competition, the absence of a clear ICT industry framework and a misaligned business
strategy.
The report added that declining profits and the demands of the
digital environment would further erode profitability and that
migration to less expensive digital channels was a further threat.
- Sapa