Telkom CEO rubbishes resignation rumours

Telkom CEO Nombulelo Moholi has rejected speculation that she intends resigning next month, when Telkom chairman Lazarus Zim leaves, Business Report reported on Tuesday (25 September 2012).

“There’s nothing like that. Have you ever heard a quote from me saying that? All I can give you is I’m denying the rumour,” Moholi, who became Telkom CEO last April, told the newspaper

She also denied rumours that Communications Minister Dina Pule was guilty of undue influence in Telkom’s affairs.

“I don’t know what you’re talking about,” she told Business Report.

Telkom’s stock dropped 13.1 percent in the last two days of last week, its worst two-day fall since May 2009.

Cabinet spokeswoman Phumla Williams told the newspaper on Friday that no options for Telkom had been discussed at Cabinet’s meeting on September 19.

However, the newspaper reported that on September 17, Pule’s spokesman Siya Qoza said the minister would present her recommendations at the meeting.

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Telkom CEO rubbishes resignation rumours