Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

telkom thumb100 Moneyweb reports that Telkom Group CEO Sipho Maseko will step down at the end of this month, half a year earlier than originally planned.

In a statement on Tuesday, Telkom said CEO-designate Serame Taukobong would take the reins from Maseko on 1 January 2022. “The leadership transition plan is progressing effectively. As part of this plan, Sipho will step down from the Telkom board and those of subsidiaries, and remain an employee of Telkom until June 30, 2022. During this period, Sipho will be available to the new group CEO and the board in an advisory capacity,” the company indicated. Maseko, who joined Telkom in April 2013, is credited with turning around the company’s fortunes. At the time, Telkom was in dire straits. The share price more than tripled on his watch as he set about restructuring and streamlining the organisation to better compete in a liberalised telecommunications market.

  • Read the original of the report in the above regard by Duncan McLeod at Moneyweb

Get other news reports at the SA Labour News home page