Sipho Maseko's performance as Telkom CEO analysed

[mylesillidge]

Former Telkom CEO Sipho Maseko's performance — the good and the bad

When Sipho Maseko took the reins at Telkom on 1 April 2013, the company was struggling. It had a bloated workforce, recorded a net loss of R11 billion, and its share price was in the doldrums.

Maseko cut staff, shifted the strategy to focus on its mobile operations, and acquired Business Connexion (BCX) to strengthen its presence in the IT market.

 

[ttygt]

Is he ded now?

 

[Bighit]

Mr number plates still around, wow

 

[Specialist_Jos]

Hi,
I think he did very well considering what he was up against, Telkom was a mess before, it was another sinking SOE.
His term is done, we now have to focus on the new CEO.

 

[ShaunSA]

Hi,
I think he did very well considering what he was up against, Telkom was a mess before, it was another sinking SOE.
His term is done, we now have to focus on the new CEO.

Sipho is that you?

 

[TheChamp]

Must be one of the most overhyped CEO in recent times, he wasn't terrible but nowhere close to the genius he was made out to be.

 

[Rocket-Boy]

He made a bunch of bad decisions and destroyed the morale at Telkom completely. Literally anyone can walk in and reduce headcount and choose a blind strategy to follow.

 

[Pitbull]

Must be one of the most overhyped CEO in recent times, he wasn't terrible but nowhere close to the genius he was made out to be.

From a Net loss of R11.5B to a Net profit of R2.6B?

You are joking right?