Telkom announced on Friday it has appointed Dirk Reyneke as the acting chief financial officer (CFO) after the resignation of Tsholofelo Molefe.

Molefe will also join the MTN Group board and take over from Sugentharan Perumal who has been acting in the position of GCFO since 1 September 2020. Perumal took on that role following the appointment of Ralph Mupita as MTN’s new president and CEO, replacing Rob Shuter. For more read: MTN Taps Telkom CFO As New Finance Chief

Reyneke, current CFO of Openserve for the past 18 months will take over the position of Telkom Acting Group CFO, effective 7 December 2020.

Reyneke, a qualified Chartered Accountant joined Telkom on 1 March 2012 from Absa Retail and Business banking.

Over the past eight years, Reyneke has gained valuable experience and knowledge across the Group. He was formerly a CFO of Telkom Mobile and Gyro for four and two years respectively.

He also led the integration process of BCX and Telkom Enterprise.

Reyneke who has been working with Ms Molefe for the past two years will continue with our financial strategic objectives which include building financial resilience through sustainable cost management, cash preservation, disciplined capital allocation and mitigating financial risks.

“The appointment of a permanent Group CFO is expected to be made at the end of a comprehensive process,” Telkom informed investors.

“The Board would like to wish Ms Molefe well in her future endeavors and thanks her for her contribution.”


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