GUGU LOURIE: So many burning questions about Maseko’s Telkom bid
Was the former CEO still under a restraint of trade agreement, for which he was paid R32m?
20 July 2023 - 05:00
The rejected bid to buy more than half of Telkom by a consortium led by former CEO Sipho Maseko continues to raise eyebrows for various reasons, including a possible breach of his restraint of trade agreement.
Through his investment vehicle Afrifund, together with Mauritius-based Axian Telecom, Maseko and the Government Employees Pension Fund, through the Public Investment Corporation (PIC), attempted to buy a majority stake in Telkom...
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