Nyati, also formerly CEO of fintech group Altron, joined as a non-executive director on Friday, one of four appointments
SA’s third-largest mobile operator Telkom has appointed former MTN CEO Mteto Nyati as a non-executive director with effect from Friday, one of four appointments to fill soon-to-be vacant seats.
Telkom has been underperforming its peers so far in 2022, with its share losing 38% in the year to date, while MTN has lost 21% and Vodacom 1.62%.outflow of cash and weaker growth than expected in its mobile business, while many have been disappointed by a lack of progress in its strategy to unlock value.
Telkom has also appointed Brian Kennedy to its board as a non-executive director, who is former managing executive of Nedbank Corporate and Investment Banking, as well as Prudence Lebina, CEO of TriAlpha Investment Management.
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