Telkom has lost its head

Seemingly always relaxed and philosophical about the pressures of his job, he was beginning to feel alone and frustrated in his bid to clean up inherent corruption within the group. He was also constantly running into difficulties while trying to execute his vision for Telkom.

His business associates say Molotsane was regularly pressured from powerful political quarters to influence decisions concerning the awarding of contracts. His resistance cost him key political support.
Click to expand...

There you have it... I don't think he was an angel though, but there are things happening in the regulatory environment which leads me to believe government's heart is not where it should be... with the citizens of this country!
 
Last edited:
Department of Communications director-general Lyndall Shope- Mafole also made it clear this week that she wanted Molotsane to toe the line.

She said government would use its six seats on the Telkom 10-member board to stop it going ahead with the contract.
Click to expand...

And yet they can't reduce telecoms cost to acceptable levels..
 
Chief Executive Papi Molotsane suddenly quit. He may have been pushed out of the top job.
Click to expand...

Showed the article to a friend working for the Big Beast. Telkom Towers Pta to be exact. His first reaction was: "They fired him. Why would he quit now when we get paid our annual bonus in June?"

And the past has shown the the CEO's bonus isn't exactly small change. I'd like to know why they fired him
 
She said government would use its six seats on the Telkom 10-member board to stop it going ahead with the contract.

Just proves after all that the ANC Pty Ltd trades as Telkom. Thus the government is directly responsible for the deplorable state of telecoms in SA...
 
i reckon papi is sitting back laughing his ass off right now... watching and waiting to see how government & telkom are going to explain and resolve the problems they created, long before he arrived on the scene.
 
This article alleges that Papi arrived at work on Thursday morning, and a few hours later someone [not necessarily Papi himself] called for an urgent board meeting, the meeting dragged on for the rest of the day - all fine up to this point but now comes the Telkodemonopolies deceiving shareholders bit - and that 'Papi had decided to behead himself as the CEO'...:rolleyes:

Clearly there is concern in the investment community about guavamint involvement in telecoms, and in particular the very real possibility that at least 60% of Telkodemonopolies' board members chopped off the current head of the hydra-beast, so I'm sure that this whole story about Papi deciding to resign is yet another of Telkodemonopolies' lies - trying to deceive shareholders...

As for the investment community and shareholders - if you honestly thought that guavamint would never exert any influence over the running of Telkodemonopolies, when guavamint has 60% of the board members in its pockets, then the joke is on you!!!
 
Papi was FIRED, SACKED, KAPOOOOOOT

1. The financial year just ended and his bonus would have to be paid first week of June, and you have to still be in employ for it to be paid. Who would leave +R6m on the table ? not him.

2. The man is a socialite and Telkom fueled his lifestyle. He took 30 couples first class to Germany for the world Cup. next week the same group was meant to go in style to the Caribbean for cricket. And none are true top customers ( just his mates). Telkom fueled his lifestyle and he would never jump off that gravy easily. The same lifestyle made him enemies inside who have now knifed him.

3. Telkom saved his flagging career. last job was acting CEO of Transwerk ( a railways mechanical parts warehouse). Even that he could not be confirmed as CEO. So why would he leave his best job opportunity ever before his contract is up?

His lifestyle at company expenses just caught up with him.
 
Last edited:
ummmmmmmmmmm....am I still missing something here???!?

Government say they want low comm costs, but there is always going to be tension between shareholders and government?!

Isn't Government a dominant shareholder in Telkom?! What gives?? F* sakes!

So basically they are saying that yes poor people we really would like to see you guys have cheap telecomms, but stuff you we want our dividends! Thats the only way I see it.
 
Poor(sic) Papi is just the fall guy.Telkom still has exclusivity on Sat 3 and Local loop. Neotel is just a glimmer of hope on the horizon. Can Neotel really be referred to as a second fixed line operator when it will not be providing retail services over the local loop? Neotel will rather be competing with the sentech's, iBurst's, Vodacom's and the like in my view. If Neotel cannot provide services over my existing telephone line then Telkom is still the "De Facto" single fixed line Telecoms Operator in the new South Africa.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X