Telkom disciplinary process still under way

Comment on this story

Telkom would probably resolve a disciplinary process into the alleged misconduct of suspended chief financial officer Jacques Schindehutte by the end of the year, he said yesterday. “It is a comprehensive process but I would like to think before the end of 2014” and not before the start of October, Schindehutte said when asked about the hearing. Pynee Chetty, a spokesman for Telkom, was not available for comment. Schindehutte was suspended in October after a board-commissioned investigation into unspecified allegations. A disciplinary hearing began on January 16. Deon Fredericks is filling Schindehutte’s position until the disciplinary process is concluded, according to a stock exchange announcement by Telkom. The JSE “is engaging with the company on this matter”, Andre Visser, the general manager of issuer regulation, said. Telkom is due to report full-year earnings a share tomorrow. The share price gained 0.84 percent to close at R41.98 yesterday. – Bloomberg

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines