Telkom CFO suspended pending investigation

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Telkom CFO Jacques Schindehütte has been suspended by the company’s board of directors pending a disciplinary process.

According to the Stock Exchange News Service, the suspension follows findings of an investigation which was commissioned by the Telkom board after certain allegations were made against Schindehütte.

Schindehütte was previously the Absa CFO, and joined Telkom in July 2011.

Deon Fredericks will be acting as CFO of Telkom effective 24 October 2013 until the disciplinary process against Schindehütte is concluded.

Telkom is a leading telecommunications provider in South Africa.