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Telkom CFO Fredericks steps down to take new role

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

FILE: Picture: Facebook.com.

JOHANNESBURG - 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 1 July, 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.

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