Sentech chief executive officer Sebiletso Mokone-Matabane has resigned before the end of her contract in September, the state-owned signal distributor said on Wednesday.<\/p>\n
“Today [Wednesday] is her last day,” Sentech spokeswoman Polly Modiko said.<\/p>\n
Modiko did not know who would take over as acting CEO.<\/p>\n
Last month a task team report on the company did not explicitly recommend axing its chief executive officer and board.<\/p>\n
However, the report found that Sentech was “rudderless, inadequately funded and misdirected” and was an unsustainable business.<\/p>\n
The task team urged drastic and immediate action if Sentech was to avoid lapsing into terminal decline.<\/p>\n
The company’s situation had been caused by several factors including a new regulatory regime allowing competition, the absence of a clear ICT industry framework and a misaligned business strategy.<\/p>\n
The report added that declining profits and the demands of the digital environment would further erode profitability and that migration to less expensive digital channels was a further threat.<\/p>\n