Telkom is taking President Cyril Ramaphosa court over his decision to order the Special Investigating Unit to investigate the company's failed investments dating back to 2006, along with accusations about tender irregularities. | Fin24
Telkom is taking President Cyril Ramaphosa court over his decision to order the Special Investigating Unit to investigate the company's failed investments dating back to 2006, along with accusations about tender irregularities.
The telecommunications company, which is 40% owned by the government, on Monday filed papers with the Pretoria High Court, seeking an order to declare the investigation"unlawful". It argues that Ramaphosa acted"unconstitutionally" when sanctioning the probe he announced in January.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Telkom sues Ramaphosa, wants SIU probe stoppedTelkom has gone to court to have President Cyril Ramaphosa’s decision to order a probe into alleged malfeasance at the company declared unconstitutional.
Read more »
Telkom files notice to oppose SIU investigation into Nigeria's MultiLinks acquisitionTelkom has filed court papers opposing President Cyril Ramaphosa’s proclamation order instructing the Special Investigating Unit to investigate the company’s acquisitions and other corporate activities dating back to 2006.
Read more »
Telkom files notice to oppose SIU investigation into Nigeria's MultiLinks acquisitionTelkom has filed court papers opposing President Cyril Ramaphosa’s proclamation order instructing the Special Investigating Unit to investigate the company’s acquisitions and other corporate activities dating back to 2006.
Read more »
Telkom sues Ramaphosa to stop investigation into shady dealsTelkom 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.
Read more »
Telkom paid former boss R10 million retention fee to keep competitors awayFormer Telkom group CEO Sipho Maseko earned R34,199,625 for the nine months he served at the company from 1 April to 31 December 2021.
Read more »
Telkom defends R20-million in retention payments to MasekoTelkom paid its former group CEO another R10-million retention bonus in the 2022 financial year, bringing the payments to R20-million in two years.
Read more »