Telkom appoints two board members

Picture: Leon Nicholas.

Picture: Leon Nicholas.

Published Nov 15, 2012

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Telkom has appointed two board members and an executive in its cellphone business, Business Day reported on Thursday.

The parastatal appointed Jabulane Mabuza and Kholeka Mzondeki to the board on Wednesday. It also warned that earnings could drop by as much as 83 percent.

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.

On Wednesday, the parastatal warned headline earnings per share could drop by 83 percent. Its share price had fallen by 10 percent 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. - Sapa

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