Telkom gave chief financial officer a R6m loan

2013-11-18 11:13

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Telkom gave its chief financial officer, Jacques Schindehutte, a R6 million, interest-free loan to buy shares in the company while he was being probed for misconduct.

Telkom, which is 40% owned by the government, may have breached compliance regulations relating to the Companies Act after it gave Schindehutte the interest-free loan, the phone operator said. 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.

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