South Africa hits Telkom with formal probe

Cyril Ramaphosa, South Africa’s president, has ordered what is described as a “wide ranging probe” into Telcom’s activity since 2006.

In the official Proclamation the president has asked the country’s Special Investing Unit to examine Telkom for “serious maladministration in connection with the affairs of Telkom” as well as improper or unlawful conduct by employees or agents of the company. Among other things, the SIU must investigate the unlawful appropriation of expenditure of public money.

Source: South Africa hits Telkom with formal probe