CIPC orders Telkom boss to go for a course

SMTelkom CEO Sipho Maseko has been ordered by the Companies and Intelectual Property Commission to attend a corporate governance course within 90-days or face a R1 million fine or he will be refered to the National Prosecuting Authority for a criminal prosecution.

Maseko was told by regulators in to attend a director duties course in February after a loan awarded to the Telkom’s chief financial officer was judged to have breached corporate rules

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