{"id":64380,"date":"2014-07-30T12:43:44","date_gmt":"2014-07-30T10:43:44","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=64380"},"modified":"2014-07-30T13:12:30","modified_gmt":"2014-07-30T11:12:30","slug":"telkom-defends-bain-co-contract","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/64380\/telkom-defends-bain-co-contract\/","title":{"rendered":"Telkom defends Bain & Co contract"},"content":{"rendered":"

Telkom has hit back at a Bloomberg report<\/a> which stated that Telkom awarded a R91.1 million advisory contract to Bain & Co. without following an open bidding process.<\/p>\n

Bloomberg reported \u201cthere was no record of a published or archived competitive process that led to the selection of Bain, the Boston-based management consulting firm\u201d.<\/p>\n

Telkom CEO Sipho Maseko hired Bain to advise the company on its broadband and mobile strategy. The report states that Bain was picked within days of the CEO\u2019s arrival at Telkom on 1 April 2013.<\/p>\n

Telkom hit back, saying it believes that the Bloomberg article is erroneously based on the premise that an \u201copen tender\u201d process is the only procurement process available to Telkom when seeking to procure products or services.<\/p>\n

Telkom said that due to its unique position \u2013 of being a public company listed on the JSE and being classified as a State-owned company \u2013 it has, since 2001, been granted exemption from various provisions of the PFMA and all the treasury regulations issued in terms of the PFMA.<\/p>\n

\u201cTelkom is comfortable that its internal governance processes and policies regarding the approval and conclusion of contracts with suppliers are robust and effective,\u201d the company said.<\/p>\n

\u201cThe conclusion of contracts are done in accordance with Telkom\u2019s Delegation of Authority and Procurement Policy, including those agreements concluded by the CEO, Mr Sipho Maseko.\u201d<\/p>\n

More on Telkom<\/h3>\n

Telkom executives take home millions<\/a><\/strong><\/p>\n

Retrenchments going ahead: Telkom<\/strong><\/a><\/p>\n

Telkom dismisses massive job cut claim<\/strong><\/a><\/p>\n

Telkom cuts workforce by 9.5%<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Telkom has hit back at a Bloomberg report which stated that Telkom awarded a R91.1 million advisory contract to Bain & Co. without following an open bidding process.<\/p>\n","protected":false},"author":10,"featured_media":26584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[25,8479,65],"class_list":["post-64380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-active","tag-bain-co","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/64380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=64380"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/64380\/revisions"}],"predecessor-version":[{"id":64392,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/64380\/revisions\/64392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/26584"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=64380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=64380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=64380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}