Telkom SIU Proclamation set aside
JSE-listed Telkom on Thursday said that the Presidential Proclamation 49, which was issued on January 25, 2022, giving the Special Investigating Unit (SIU) authority to investigate Telkom, has been set aside by the Pretoria High Court.
The gazetted proclamation authorised the SIU to look into several matters including contracting for network and advisory services and possible maladministration regarding the disposals of iWayAfrica, Africa Online Mauritius and Multi-Links Telecommunications.
Pretoria High Court Judge J Thlapi, delivering the judgment on July 19, declared the Proclamation unconstitutional, invalid and of no force or effect and awarded costs to Telkom.
This followed Telkom’s remedial action arising from its own previous investigations into certain of the issues named in the Proclamation, including launching of legal proceedings where appropriate.
“The allegations in the proclamation had already been addressed by the company through Telkom’s corporate governance processes and the outcomes are of public record,” Telkom Group CEO Serame Taukobong said in a statement on Thursday, noting that, approaching the courts, Telkom confirmed its commitment to good governance.
“Telkom approached the courts because it is of the view that left unchallenged, the proclamation would set a dangerous precedence on the role of the State in private enterprise.
“Telkom consistently upholds the principles of good corporate governance. It is unfortunate that Telkom needed to approach the courts on this matter and we hope that this judgment brings it to finality,” Taukobong concluded.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
