September facing tough questions…

It’s widely anticipated that September will have to answer tough questions when he faces the Telkom Board on Tuesday (despite a complete denial by Telkom in this regard). This comes after Nzeku was denied access to the Telkom Head Office, and it has become known that Nzeku had been opposed to September’s restructuring plans. The Telkom Board wants to determine if September is ‘…fit to carry out his fiduciary duties as chief executive’ (Daggers drawn as Telkom meets, Business Times, Charles Molele, 8 February 2009).

The Nzeku Dossier…

All indications are that the toughest questions will come out of a dossier that Nzeku compiled, a dossier named The Nzeku Dossierby ADSL South Africa (Broadband South Africa).

The dossier contains allegations against September relating to corporate governance, mismanagement, breach of procurements, et cetera. In addition, it’s alleged in the dossier that the restructuring of Telkom is happening “without board approval,” which is a serious allegation by any standard. The dossier also “…raises questions about civil suits for damages by tenderers, in particular a recent court action initiated against Telkom by Maredi Telecommunications and Broadcasting. Early this year Maredi filed an urgent application in the Pretoria High Court in a bid to stop Telkom awarding a multimillion-rand tender to Ericsson South Africa and Telsaf Data. In a memorandum addressed to the board dated January 30, Nzeku accused September of going out of his way to protect Marius Mostert, group executive of national infrastructure provisioning, despite Mostert having been implicated by an internal audit on May 15 2008 in having influenced the outcome of various multimillion-rand tenders at Telkom’ (Daggers drawn as Telkom meets, Business Times, Charles Molele, 8 February 2009).

<< Previous    1  [2]  3  4  5    Next >>