Telkom Suspends CFO Following Outcome of Board Investigation

Telkom SA SOC Ltd. said Chief Financial Officer Jacques Schindehutte was suspended following the outcome of an investigation into unspecified allegations made against him.

“The suspension follows the findings of an investigation commissioned by the board after certain allegations were made against Mr Schindehutte,” Africa’s largest fixed-line operator said in a statement today. “The board has a duty to investigate and to test the validity of allegations which are brought to its attention.”