Telkom chief executive Sipho Maseko has been ordered to attend a corporate governance course or face a R1-million fine or criminal prosecution.
Telkom has announced that it has entered into a heads of agreement with MTN South Africa for the two providers to share each other's networks.
A deal between the telecommunications giants could help reduce the cost of wireless business.
The granting of a R6-million loan to the now suspended Telkom executive was supported by both the chairperson and head of its remuneration committee.
A letter to the company secretary from a group of anonymous people claiming to be employees has urged Telkom to act on a series of allegations.
A loan extended to the suspended Telkom executive may have been in breach of the Companies Act, but the CFO says he followed the correct procedure.
A R6-million interest-free loan was given to suspended CFO Jacques Schindehutte while he was being probed for misconduct, confirms Telkom.
A weak rand and lower payments to operators, as a result of lower termination rates, has seen the fixed-line operator gain.
Before being suspended, Telkom chief financial officer Jacques SchindehĂĽtte says he refused an offer that would have allowed him to resign.
Telkom's share prices have plunged after its CFO, Jacques Schindehutte, was suspended after a probe into undisclosed allegations against him.
Internet penetration in South Africa remains sluggish due to the high cost of connectivity.
The winds of change are sweeping through Telkom, or at least that's what its leadership would like us to believe. But it might already be too late.
The competition tribunal has confirmed the settlement agreement which forces Telkom will pay administrative penalties of R200-million.
The introduction of high-speed broadband is the company's best hope of turning sentiment around.
The company says its 2013 financial results reaffirm the need to act with urgency to turn the group's performance around.
The CCMA has called on Telkom and trade unions to resume wage negotiations, trade union Solidarity has said.
Telkom has settled with the Competition Commission and will pay an administrative penalty of R449-million handed down by the Competition Tribunal.
Labour pundits and civil society groups say parastatals will buckle under the weight of political interference and unclear mandates.
This week has seen the formal launch of Telkom Mobile as a mobile network serving both business and consumers, leaving 8ta as a sub-brand.
The Communication Workers' Union has promised to fight the proposed offer of voluntary packages to Telkom workers.