Ramaphosa orders broad probe of Telkom

25 January 2022 - 18:14The Special Investigating Unit has been authorised to probe wrongdoing in Telkom's sale of three businesses. Picture: REUTERS/SIPHIWE SEBEKO

Telkom’s deal in Mauritius came a year later when it merged Mweb Africa, acquired from Naspers for R624, with Africa Online, a Kenyan-based firm it bought for R150m, to create a pan-African internet service provider called iWayAfrica. The entity never gained traction, and was sold in 2013 for an undisclosed amount.

Maladministration in the affairs of Telkom in relation to the sale or disposal of iWay Africa, Africa Online Mauritius and Multi-Links, as well as any losses or prejudice suffered by Telkom or the state as a result; and Analysts estimate Telkom lost as much as R20bn on its investment in these businesses, which had been part of the group’s plan to expand into the rest of Africa.

In response, Telkom said its own investigation flagged possible cases of wrongdoing by two unidentified employees in one of the transactions and declared this in terms of the Prevention and Combating of Corrupt Activities Act.

Ba latlha motlhala...

Ramaphosa will milk this country dry very fast

I left MTN because it product were not satisfactory for my liking

You want to sell Telkom to MTN we see you

Mobeki’s legacy! Mabanyisane.

MTN wants to buy Telkom suddenly their “Boy” orders investigation of Telkom because they’ve refused several offers 😳😳 Mzansi is a crime scene wow!! Watch this space

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