Telkom has filed High Court papers to block President Cyril Ramaphosa’s directive to the Special Investigating Unit to investigate old dodgy deals at the company — including one where it made a R7 billion loss.
When questioned about these contracts at the time, Telkom defended them, saying it received value for its money.In its court papers, which MyBroadband has seen, Telkom argues that Ramaphosa acted outside his powers as Telkom is not a state institution under the SIU Act.Government does have power over the company, which is why its official name is Telkom SA SOC Limited, with “SOC” an acronym for “state-owned company”., while another 14.
Telkom laid the blame for the situation at the feet of Phutuma Networks executive chair and founder Edward Scott. It said Scott was the catalyst for the SIU’s recommendation to Ramaphosa that Telkom should be investigated for matters dating back 15 years.
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