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Telkom’s board has rejected a proposal from a consortium that includes its former group CEO, Sipho Maseko, saying it’s “not in the best interest of shareholders”. The consortium comprised Maseko’s Afrifund Investments along with Mauritius-based Axian Telecom and the Government Employees Pension Fund. Telkom received an “unsolicited and non-binding indicative letter” from…

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Sipho Maseko , Axian Telecom , Government Employees Pension Fund , Afrifund Investments , Mauritius Based Axian Telecom , Government Employees Pension ,

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