Telkom slammed by damning report

[LabAnimal]

December 3 2010 at 06:04am
By Asha Speckman
IOL BR pic dec3 telkom cfo report

Independent Newspapers

Acting Telkom CFO Deon Fredericks addresses the media during the presentation of the company's interim results at Summer Place in Johannesburg. Photo: Leon Nicholas

Serious allegations of contraventions of Telkom processes and the Public Finance Management Act, along with nepotism, bribery and corruption, are listed in an explosive whistle-blowing report on alleged breaches of corporate governance at Telkom.

Link

 

[The_Unbeliever]

What'll be next? :wtf:

That their brand-spanking-new base stations they've erected across the country isn't IPv6 capable?

 

[MickeyD]

You're late.... http://mybroadband.co.za/news/business/17039-Telkom-sets-the-record-straight.html

 

[Gatecrasher]

You're late.... http://mybroadband.co.za/news/business/17039-Telkom-sets-the-record-straight.html

What? Telkom says reports are malicious and now it's all over? Business as usual and nothing happened...

 

[MickeyD]

What? Telkom says reports are malicious and now it's all over? Business as usual and nothing happened...

From the report:

Any new issues will be discussed by the Audit and Risk Committee of the Telkom Board of Directors, which will meet in the week commencing 6 December to review the contents of the document and determine the way forward.

That's tomorrow...

And it cannot be swept under any carpets as the shareholders should not allow it.

 

[HavocXphere]

So they are embracing the Nigerian way of business then?

Telkom believes it is unfortunate that the document is a faceless one.

Yeah I'm sure they'd be interested in learning who rained on their parade...just to say thanks for highlighting this of course.

Some of the issues raised in the document are not new to Telkom

So these alleged activities have been going on for a while then?

a recent report by a daily newspaper which makes several allegations about Telkom is erroneous in several respects

But not all huh?

 

[MickeyD]

Yeah I'm sure they'd be interested in learning who rained on their parade...just to say thanks for highlighting this of course.

http://www.iol.co.za/business/companies/telkom-slammed-by-damning-report-1.913112

Telkom yesterday suspended Communications Workers Union shop steward Thabang Mothelo following the report’s leak.

But not all huh?

That was an interesting turn of phrase, not so??