Telkom suspends CFO pending disciplinary process

2013-10-24 14:01

Telkom has suspended its chief financial officer, Jacques Schindehütte, pending a disciplinary process, the parastatal has announced.

The telecoms firm said today that the board was made aware of certain allegations and appointed an independent law firm to investigate them.

“We have a duty to investigate and to test the validity of allegations which are brought to our attention through an appropriate process,” said Telkom group CEO Sipho Maseko in a statement.

He said the board of directors is determined to act responsibly and to uphold all governance requirements.

“We will do this fairly, without favour or prejudice,” said Maseko.

Deputy chief financial officer Deon Fredericks has been appointed acting chief financial officer.

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