Earlier this year fixed-line operator Telkom denied that it granted chief financial officer (CFO) Jacques Schindehütte an interest-free R6 million loan, after it came to light that he had already been on suspension a month prior for “personal misconduct”.
Telkom has never fully disclosed as to why Schindehütte was suspended, but confirmed today that the disciplinary hearing into his actions will start on the 6th of August this year.
“The disciplinary hearing involving suspended CFO, Mr Jacques Schindehütte, on a matter of personal misconduct is scheduled to resume on 6 August 2014. This follows a long adjournment agreed to by both parties,” Telkom said in a media statement.
At the conclusion of the disciplinary hearing it might come to light as to the exact circumstances for his suspension, but before then it’s a waiting game.
“In the interest of ensuring a fair process, all parties to the confidential disciplinary hearing are constrained from discussing the matter outside the hearing itself or commenting on its content to third parties. This applies to responding to queries relating to matters that have been raised in, or are part of, the hearing. Telkom respects this process and is therefore not in a position to comment on any details related to the matter until the outcome is decided,” Telkom added.
However the company did explain that once a conclusion has been reached, it will be publically communicated.
“The outcome of the hearing will also follow the prescribed Board processes, before being communicated publicly. In the interests of transparency Telkom is committed to communicating the outcome once all required legal and governance processes have been followed.”
[Source – Telkom]