Telkom CFO jumps ship to join rival firm MTN
Tsholofelo Molefe has resigned as Group Chief Financial Officer at Telkom with immediate effect. Molefe will take the same position at rival MTN in 2021.
Tsholofelo Molefe has resigned as Group Chief Financial Officer at Telkom with immediate effect. Molefe will take the same position at rival MTN in 2021.
At the centre of Eskom missing the mark on achieving clean financial results in 2014 was the Gupta-related ‘The New Age’ deal.
The National Union of Mineworkers (NUM) on Tuesday said it hoped the resignation of Eskom chairman Zola Tsotsi would bring stability to the power supplier.
Eskom chairman Zola Tsotsi fingered Public Enterprises Minister Lynne Brown for orchestrating moves to remove him from the board,
Eskom will implement stage two rolling blackouts on Thursday, the power utility said.
“Eskom will implement stage two load shedding from 4pm today, which is likely to continue until 10pm this evening,” the power utility said in a statement.
Eskom board chairman Zola Tsotsi has not been removed, the power utility said on Wednesday.
Chris Yelland unpacks the turmoil in the electricity sector in plain language, addressing the details and finding the light in a messy situation.