Telkom’s disastrous failures in Nigeria, Mauritius, now under SIU investigation

Specifically included is Telkom's monumental Multi-Links failure in Nigeria, and a loss-making disposal in Mauritius.The Special Investigating Unit has been told to investigate many years of Telkom's dealings on the rest of the African continent, as well as how it bought advice., making public an order he signed on 14 January.

In terms of the referral, the SIU must look back at least as far as 2006, though it can follow particular matters back further than that if necessary. The state may have suffered losses that can be recovered, and civil proceedings may be called for, Ramaphosa said in a standard formulation used when the President refers cases to the SIU., with more than 40% of its equity, and the Public Investment Corporation , which manages state pension funds, owns another 14%.

The SIU investigation will range from organised corruption to misconduct by individuals that may simply have been improper. Specifically to be investigated are"advisory services in respect of the broadband and mobile strategy of Telkom" – and whether it followed proper procedures when it bought such advice and paid fairly – and two disposals, of Multi-Links Telecommunications, and of iWayAfrica and Africa Online Mauritius.

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