Telkom - Resignation of Director

The Telkodemonopolies cookie crumbles even more...?

Mr Lazarus Zim has resigned from the Board of Telkom with immediate effect, following his commitments in regard to the recently announced Afripalm and Mvela Resources BEE transaction.
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Does anyone know anything about this BEE transaction? - sounds like there would have been a conflict of interest between being a Telkodemonopolies director and being simultaneously involved in this BEE transaction...

Doesn't appear to be a conflict of interest, but interesting nonetheless...
 
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And they leave in droves it seems.

“Something is rotten in the state of Denmark”
 
Sneeky said:
And they leave in droves it seems.

“Something is rotten in the state of Denmark”
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When the rats left the ENRON ship, now it's the Telkodemonopolies oil tanker that appears to be running aground and there are definitely rats afoot...
 
ic said:
When the rats left the ENRON ship, now it's the Telkodemonopolies oil tanker that appears to be running aground and there are definitely rats afoot...
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OT:
Hi ic, strange you mention Enron, did you catch the doccie on DTSV this month about the Enron farce?
It was the best one yet and the similarity (in business practice) between Enron and Telkom is really frighting. I was gobsmacked.
Telkom do to bandwidth what Enron did to electricity in California, create a shortage where there is none and charge heaven and earth, and everything in between for the service in an effort to keep their floundering ship afloat.
Enron, the Smartest Guys in the Room
 
OMW, that's like the fourth one in a month isn't it?? Would love to know what's going on over there that's causing them to flee. Com'on who's next?
 
Does anybody who watched the documentary on ENRON on DSTV see any similarity with Telkom? Are all the big boys fleeing and cashing in before the BIIIIG crash? Are there also some serious paper shredding going on at Telkom- such as the nonexistant shareholders register.

Maybe the Scorpions should start their investigation immediately!

Tune in for the next episode tomorrow????

My bad, I did not notice the Enron discussion going on here when I posted! But it shows that we think alike
 
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ic said:
http://www.fin24.co.za/articles/displaysens.asp?articleid=356499&Ticker=TKGDoes anyone know anything about this BEE transaction? - sounds like there would have been a conflict of interest between being a Telkodemonopolies director and being simultaneously involved in this BEE transaction...

Doesn't appear to be a conflict of interest, but interesting nonetheless...
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here's the one

http://www.busrep.co.za/index.php?fArticleId=3579696

... the usual suspects... broad-based my ass
 
Sneeky said:
OT:
Hi ic, strange you mention Enron, did you catch the doccie on DTSV this month about the Enron farce?
It was the best one yet and the similarity (in business practice) between Enron and Telkom is really frighting. I was gobsmacked.
Telkom do to bandwidth what Enron did to electricity in California, create a shortage where there is none and charge heaven and earth, and everything in between for the service in an effort to keep their floundering ship afloat.
Enron, the Smartest Guys in the Room
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Yep, I saw the Enron doccie on DSTV - although it wasn't my first viewing choice, but what does one end up watching when the rest of the DSTV channels have nothing on worth watching at the time...
[I'm not exactly a fan of doccies, and I hate soapies passionately]

Also, Cara mentioned the Enron doccie in one of her posts recently, and it appears as though there is a large gaping hole in the Telkodemonopolies oil tanker - too many rats are abandoning the ship in a short space of time for it to be a coincidence - if it walks talks and smells like a bunch of rats then there is definitely something fishy in the rubbish bin...
 
About Enron and Telkom - do not forget that one of the last things Enron tried to sell was broadband bandwidth! And that they also tried for movie rentals over the internet!
 
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