BusinessLive reports that Telkom is in need of a finance chief after Tsholofelo Molefe left the partially state-owned operator for competitor MTN, but the question is how Telkom will be going about filling the position.  

When Molefe was appointed CFO at Telkom in June 2018, she had been the group’s deputy finance chief for two years.  So, a succession plan seems to have been in place at the time.  Molefe’s responsibilities have now been taken over by an acting CFO, pointing to no obvious replacement this time around.  A look at recent executive movements in the industry indicates that Telkom may look to poach someone from one of its telecoms competitors or look for talent in finance or banking companies.  Recently, mobile operator Vodacom appointed Raisibe Morathi as its CFO, taking her from Nedbank, where she had been group CFO since 2009.  Taking someone from financial services wouldn’t be unusual for Telkom.  Lunga Siyo, CEO of Telkom Business, joined the telecoms operator from Standard Bank two years ago.  The possibilities are plenty, but the ongoing convergence of telecoms and financial services points to those as the most viable pools of talent for the role.

• Read the full original of the report in the above regard at BusinessLive

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