Telkom SIU Proclamation set aside
JSE-listed Telkom on Thursday said that the Presidential Proclamation 49, which was issued on January 25, 2022, giving the Special Investigating Unit (SIU) authority to investigate Telkom, has been set aside by the Pretoria High Court.
The gazetted proclamation authorised the SIU to look into several matters including contracting for network and advisory services and possible maladministration regarding the disposals of iWayAfrica, Africa Online Mauritius and Multi-Links Telecommunications.
Pretoria High Court Judge J Thlapi, delivering the judgment on July 19, declared the Proclamation unconstitutional, invalid and of no force or effect and awarded costs to Telkom.
This followed Telkom’s remedial action arising from its own previous investigations into certain of the issues named in the Proclamation, including launching of legal proceedings where appropriate.
“The allegations in the proclamation had already been addressed by the company through Telkom’s corporate governance processes and the outcomes are of public record,” Telkom Group CEO Serame Taukobong said in a statement on Thursday, noting that, approaching the courts, Telkom confirmed its commitment to good governance.
“Telkom approached the courts because it is of the view that left unchallenged, the proclamation would set a dangerous precedence on the role of the State in private enterprise.
“Telkom consistently upholds the principles of good corporate governance. It is unfortunate that Telkom needed to approach the courts on this matter and we hope that this judgment brings it to finality,” Taukobong concluded.
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