Charges dropped against Telkom’s Maseko

Telkom CEO Sipho Maseko. File picture: Masi Losi

Telkom CEO Sipho Maseko. File picture: Masi Losi

Published Sep 4, 2015

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Johannesburg - Sipho Maseko, the chief executive officer of South African phone company Telkom, had charges of driving a car with falsified number plates dropped by the state after he appeared in a Johannesburg court.

Maseko declined to comment as he left the Magistrate’s court in the city’s Wynberg suburb on Friday. The case against him was withdrawn, according to a court official.

“Maseko welcomes the decision,” Telkom spokeswoman Jacqui O’Sullivan said in an e-mailed response to questions. “The resolution of this matter now allows Mr. Maseko to put the issue behind him.”

The CEO of the country’s biggest landline-phone provider displayed a different car license plate to the one he was issued from February 2013 to July 2014 and incurred traffic fines of R18 000 ($1 320) in someone else’s name, according to a document filed by prosecutors at the Wynberg court in July.

Telkom shares were unchanged at R60 as of 11:19 a.m. in Johannesburg. The stock is down 14 percent this year, valuing the company at R32 billion.

Pretoria-based Telkom is about 40 percent owned by the South African government.

BLOOMBERG

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