Telkom CFO steps down to take new role

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JOHANNESBURG, June 27 (Reuters) – Telkom SA said on
Wednesday its Chief Financial Officer will step down at the end
of the month to take on the responsibility of Chief Investment
Officer to tackle the South African landline provider’s
investment strategy.

Deon Fredericks, 57, will be replaced by insider Tsholofelo
Molefe on July 1, the company said in a statement.

Molefe joined Telkom in 2016 as Deputy CFO to Fredericks. In
2017 she was appointed to the group executive committee as Chief
Risk and Compliance Officer.
(Reporting by Nqobile Dludla, editing by Louise Heavens)