South African mobile operator Telkom has suspended its CFO Jacques Schindehutte pending a disciplinary process.
“The suspension follows the findings of an investigation commissioned by the board after certain allegations were made against Mr…
South African mobile operator Telkom has suspended its CFO Jacques Schindehutte pending a disciplinary process.
“The suspension follows the findings of an investigation commissioned by the board after certain allegations were made against Mr Schindehutte”, Telkom stated on its website.
The nature of the allegations has not been disclosed and a spokesperson declined to give further details.
About the suspension, Telkom Group CEO Sipho Maseko said: “The board of directors is determined to act responsibly and to uphold all governance requirements.
“We have a duty to investigate and to test the validity of allegations which are brought to our attention through an appropriate process. We will do this fairly, without favour or prejudice.”
Deon Fredericks, the current deputy CFO, will fill in for Schindehutte until the disciplinary process is concluded.
In late July Nazir Patel, the CFO of rival operator MTN, resigned as the company investigated allegations made against him.
