Telkom appoints two board members

2012-11-15 07:11

Telkom has appointed two board members and an executive in its cellphone business.

The parastatal appointed Jabulane Mabuza and Kholeka Mzondeki to the board yesterday, Business Day reported.

It also warned that earnings could drop by as much as 83%.

Six board members, including CEO Nombulelo Moholi and board director Neo Phakama Dongwana, resigned earlier in November.

The election of a new chairman may be contested by board members, especially those appointed by government, Business Day reported.

Yesterday, the parastatal warned headline earnings per share could drop by 83%. Its share price had fallen by 10% since Moholi’s resignation.

Communications Minister Dina Pule voted off four board members at Telkom’s annual general meeting in October.

The meeting was last chaired by Lazarus Zim, who announced his resignation as Telkom chairman in September.
Moholi had rejected speculation that she intended resigning after Zim left.


Read News24’s Comments Policy 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
Add your comment
Comment 0 characters remaining

Inside News24


If you can`t logically make sense of things, trust your intuition and notice the signs around you to help you see through the more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.