NationalConcerns over alleged corruption in Telkom
─── 09:44 Mon, 13 Dec 2010
The Ministry of Communications has expressed concern over reports regarding recent allegations of widespread corruption at fixed line operator Telkom. The ministry says in a statement the Minister of Communications, Roy Padayachie, says he is confident that the Telkom Board of Directors is well capacitated to deal with the matter at hand. He believes that they have a fiduciary responsibility to ensure that Telkom observes principles of good governance at all times. He says he's encouraged to note that the board and its senior management view the allegations in a serious light and that they have committed to institute a thorough investigation into these issues. Padayachie futher urged the company to move swiftly in attending to these allegations to restore investor and public confidence in this crucial asset.