Shinn predicted that his departure is likely to be the first many of those in Telkom who invested energy and time into developing the deal with South Korea’s KT Corp that Cabinet rejected on 30 May 2012.
“It must have been untenable for him and many of his team to have been so brutally betrayed by the major shareholder which instigated the negotiations with KT Corp,” Shinn wrote. “Despite monthly meetings with Communications Minister Dina Pule he was given no hint of the fact that Telkom was negotiating on behalf of an unwilling seller.”
Zim obviously has insight into Cabinet’s intentions for Telkom and wants to play no part in these, Shinn said.
“It is a sad day indeed when government ineptitude chases away talented and dedicated business people who want to play a constructive role in making South Africa work.”