Telkom CEO Charges Dropped by State After Court Hearing

Updated on
  • Maseko had been charged with driving using false number plates
  • South African government owns about 40 percent of Telkom

Sipho Maseko, the chief executive officer of South African phone company Telkom SA SOC Ltd., had charges of driving a car with falsified number plates dropped by the state after he appeared in a Johannesburg court.

Maseko declined to comment as he left the Magistrate’s court in the city’s Wynberg suburb on Friday. The case against him was withdrawn, according to a court official.

“Mr. Maseko welcomes the decision,” Telkom spokeswoman Jacqui O’Sullivan said in an e-mailed response to questions. “The resolution of this matter now allows Mr. Maseko to put the issue behind him.”

The CEO of the country’s biggest landline-phone provider displayed a different car license plate to the one he was issued from February 2013 to July 2014 and incurred traffic fines of 18,000 rand ($1,320) in someone else’s name, according to a document filed by prosecutors at the Wynberg court in July.

Telkom shares were unchanged at 60 rand as of 11:19 a.m. in Johannesburg. The stock is down 14 percent this year, valuing the company at 32 billion rand. Pretoria-based Telkom is about 40 percent owned by the South African government.

(Updates with company comment in third paragraph.)
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