There is no evidence to suggest government has been interfering in the telco's operations, says Telkom's new chairman Lazarus Zim.
Zim, who was appointed as chairman last month to take over from Jeff Molobela, says the “board is very independent” and he has seen no evidence of government interference.
“There is no government interference; I think it was something that has been invented and people started believing it,” Zim told ITWeb.
Government has been accused of interfering with Telkom's strategy, which analysts have argued has driven away key talent such as former CFO Peter Nelson. Solidarity has also called for government to sell out of Telkom, accusing it of making political appointments.
Zim says Telkom will have discussions with government around policy issues and will “find a collaborative balance”. He says there is room for a “healthy relationship”.
Telkom does consult with government, which is its largest shareholder with 39.8% of its listed shares, says Zim. He explains that when Telkom's board decided on Nombulelo “Pinky” Moholi as its candidate for the position of CEO, it consulted with government in terms of its articles of association.
Government approved its choice, says Zim. The state had a golden share that allowed it to make certain appointments to Telkom's board, which expired earlier this month.
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