Pinky Mo­holi

Finweek English Edition - - COVER STORY -

waited pa­tiently for the top job at Telkom for most of the past decade.

There are those who ar­gue she should have got it when Sizwe Nx­as­ana left to join FirstRand – in­stead there were three other in­di­vid­u­als el­e­vated to the po­si­tion be­fore she was fi­nally ap­pointed to it in 2011. She lasted 18 months be­fore an­nounc­ing she was throw­ing in the towel at the end of her two-year con­tract pe­riod in April 2013.

Yes, five CEOs in seven years. Not even Elizabeth Tay­lor went through hus­bands that quickly.

Fol­low­ing Nx­as­ana, who wisely de­clined the of­fer to re­new his con­tract, came Papi Molot­soane. He blamed high lev­els of ten­sion with Government for his brief ten­ure. Fol­low­ing him, was Reuben Septem­ber who left hav­ing com­plained about then chair­man Jeff Molo­bela in­ter­fer­ing in his work. Into the breach stepped Amer­i­can ex­ec­u­tive Jef­frey Hedberg. He’d pre­vi­ously run Cell C and was act­ing CEO – re­ports sug­gest he left when the job was not made per­ma­nent.

Mo­holi had bided her time with a three­year so­journ at Ned­bank be­fore re­turn­ing to Telkom in 2009 as a se­nior ex­ec­u­tive.

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