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Telkom to resume CFO hearing

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 30 Jul 2014
Jacques Schindeh"utte was suspended in October last year.
Jacques Schindeh"utte was suspended in October last year.

Telkom has announced it will resume disciplinary proceedings for suspended CFO Jacques Schindeh"utte on 6 August.

Schindeh"utte was suspended last October and a confidential hearing into his misconduct started in January. He served as the company's chief financial officer since August 2011.

"In the interest of ensuring a fair process, all parties to the confidential disciplinary hearing are constrained from discussing the matter outside the hearing itself or commenting on its content to third parties," said Telkom in a statement.

"This applies to responding to queries relating to matters that have been raised in, or are part of, the hearing. Telkom respects this process and is therefore not in a position to comment on any details related to the matter until the outcome is decided".

Telkom says it is committed to following the correct principles and processes to ensure a fair and dignified hearing that meets all legal and governance requirements.

The outcome of the hearing will also follow the prescribed Board processes, before being communicated publicly.

In the interests of transparency Telkom is committed to communicating the outcome once all required legal and governance processes have been followed.

"The company hopes that a definitive resolution on the matter will be forthcoming upon the conclusion of this session".

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