Telkom scrambles to replace its CFO with Transnet executive

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This is a very perplexing move by Telkom without a doubt, and one I don't think the markets will take kindly to.
 
ToxicBunny said:
This is a very perplexing move by Telkom without a doubt, and one I don't think the markets will take kindly to.
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It's probably the new guy wanting to sorrounded himself with his people. At first I thought their CFO has left and the lady is coming to replace him, not realizing he is being redeployed.

Anyway the DA are being hypocrites, they moan that Gordhan is interfering in executive matters at Eskom, then in the same breath they bed Gungubele to interfere in Telkom matters. If the board has agreed this is the best way forward then why would Gungubele have to intervene?
 
TheChamp said:
It's probably the new guy wanting to sorrounded himself with his people. At first I thought their CFO has left and the lady is coming to replace him, not realizing he is being redeployed.

Anyway the DA are being hypocrites, they moan that Gordhan is interfering in executive matters at Eskom, then in the same breath they bed Gungubele to interfere in Telkom matters. If the board has agreed this is the best way forward then why would Gungubele have to intervene?
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Ever so slightly different situations Champie.

Gordhan is possibly blocking the board from making an appointment for a vacant space that needs to be filled.
Telkom are attempting to move someone aside to appoint a beyond questionable individual who has a fscking piss poor track record. The rationality of the boards decision MUST be questioned in this instance.
 
ToxicBunny said:
Ever so slightly different situations Champie.

Gordhan is possibly blocking the board from making an appointment for a vacant space that needs to be filled.
Telkom are attempting to move someone aside to appoint a beyond questionable individual who has a fscking piss poor track record. The rationality of the boards decision MUST be questioned in this instance.
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Still part of their strategy that has the blessings of the board. So the Eskom board has decided on their guy, let's for a minute ignore the fact that Gordhan says they have not followed the process.

The Telkom board has approved this move, and all of a sudden Gungubele must intervene because the DA does not like it? That looks like double standards to me.

In one breath the DA says there should be no government interference but when it suits them there must be government interference? Why don't they give the Telkom board the benefit of doubt the same way they are doing with the Eskom board? And it's not like Telkom is an embodiment of a profitable business for the DA to make it look like the management is interfering with a winning formula.
 
The government technically can't do squat, Telkom is a publicly traded company and the government doesn't own a majority stake.

If there's connected cadres on the board then the shareholders need to vote to remove them. Yes government + PIC would form a majority, but that's a separate issue. Process needs to be followed...
 
Mike Hoxbig said:
The government technically can't do squat, Telkom is a publicly traded company and the government doesn't own a majority stake.

If there's connected cadres on the board then the shareholders need to vote to remove them. Yes government + PIC would form a majority, but that's a separate issue. Process needs to be followed...
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And since there is nothing untoward about the appointment you wonder what exactly is the DA looking for.

Every CEO will have his/her vision, every CEO will want to have his own people to pursue thus vision, the CEO will sell his vision to the board and shareholders, they will either buy into it or reject it, in this case it looks like they bought into it.

Whatever the DA's reservation about the appointment the simple fact is that there us nothing illegal about it, they just feel that they the DA, knows better than the Telkom management.

If there is a problem with the appointment the DA should be bringing evidence forward and challenging the appointment. But in true double speak of forked tongues, the DA will tell you that government must stay out and not interfere and allow professionals to run the show, next thing the DA no longer cares about professionals running the show, now the government must interfere.
 
TheChamp said:
Still part of their strategy that has the blessings of the board. So the Eskom board has decided on their guy, let's for a minute ignore the fact that Gordhan says they have not followed the process.

The Telkom board has approved this move, and all of a sudden Gungubele must intervene because the DA does not like it? That looks like double standards to me.

In one breath the DA says there should be no government interference but when it suits them there must be government interference? Why don't they give the Telkom board the benefit of doubt the same way they are doing with the Eskom board? And it's not like Telkom is an embodiment of a profitable business for the DA to make it look like the management is interfering with a winning formula.
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Still different situations and different contexts, but to a level I do agree that government shouldn't interfere but there should be questions asked for both instances...

Also, as a publicly traded company like Telkom, why is a SOE cadre being picked over any private sector person? What political interference has been brought to bear to make this happen?
 
ToxicBunny said:
Still different situations and different contexts, but to a level I do agree that government shouldn't interfere but there should be questions asked for both instances...

Also, as a publicly traded company like Telkom, why is a SOE cadre being picked over any private sector person? What political interference has been brought to bear to make this happen?
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Is there a law that says working in the public sector disqualifies you from being appointed in a private company? Everyone should stick to their lane? All I see is speculation from you and nothing else, she is definitely not the first person to move from the public sector to the private sector so I am not sure exactly what is the substance of your argument.

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TheChamp said:
Is there a law that says working in the public sector disqualifies you from being appointed in a private company? Everyone should stick to their lane? All I see is speculation from you and nothing else, she is definitely not the first person to move from the public sector to the private sector so I am not sure exactly what is the substance of your argument.

About us

A purpose-led organisation with a rich history in Africa, committed to driving sustainable growth.
www.standardbank.com www.standardbank.com
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Did I say that?

I'm asking WHY an incompetent SOE cadre has been chosen by a publicly traded company. What is the basis for the decision.
 
ToxicBunny said:
Did I say that?

I'm asking WHY an incompetent SOE cadre has been chosen by a publicly traded company. What is the basis for the decision.
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Incompetent according to who? Some random ToxicBunny on MyBb? The powers that be at Telkom seems to think very highly of her, so much that they even appointed her.

Write a letter to Telkom and demand an explanation.
 
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TheChamp said:
Incompetent according to who? Some random ToxicBunny on MyBb? The power that be at Telkom seems to think very highly of her, so much that they even appointed her.

Write a letter to Telkom and demand an explanation.
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Wow, the copium is impressive with you today.
 
This is the woman who probably was involved in Transnet paying R29 for something that cost 28c..
 
TheChamp said:
Incompetent according to who? Some random ToxicBunny on MyBb? The powers that be at Telkom seems to think very highly of her, so much that they even appointed her.

Write a letter to Telkom and demand an explanation.
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According to anyone who doesn’t spend their life defending ANC filth.
 
ToxicBunny said:
Wow, the copium is impressive with you today.
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Telkom, a publicly traded company as you allude, with its management and board of professionals and business leaders thinks this is the right decision, ToxicBunny on MyBb, with unverified and questionable credentials thinks it's a very bad appointment.

I don't know if she will turn out to be the right decision but I will give the above mentioned professionals and business leaders the benefit of doubt over ToxicBunny any day of the week and twice on Sundays.
 
TheChamp said:
Telkom, a publicly traded company as you allude, with its management and board of professionals and business leaders thinks this is the right decision, ToxicBunny on MyBb, with unverified and questionable credentials thinks it's a very bad appointment.

I don't know if she will turn out to be the right decision but I will give the above mentioned professionals and business leaders the benefit of doubt over ToxicBunny any day of the week and twice on Sundays.
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So much copium.
 
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