Sipho Maseko

Sipho Maseko is a prominent South African business executive best known for serving as the Group Chief Executive Officer of Telkom SA SOC Ltd from April 2013 until June 2022, where he led a major turnaround of the state-owned telecommunications company.

Career Overview

• Telkom SA (2013–2022):

  • Appointed Group CEO in April 2013.

  • Credited with reviving Telkom from financial distress, stabilizing operations, and driving digital transformation.

  • Oversaw expansion into mobile services, broadband, and IT solutions.

  • Stepped down in June 2022, succeeded by Serame Taukobong.

• Vodacom (2011–2012):

  • Served as Chief Operating Officer (COO).

• BP Africa (2005–2011):

  • CEO, overseeing operations across the continent.

• Earlier Roles:

  • Held senior positions in both public and private sectors, including corporate strategy and investment banking.

Education

• University of the Witwatersrand (1989–1992): Bachelor’s degree.

• University of KwaZulu-Natal (1993–1995): Bachelor of Laws (LLB).

Achievements at Telkom

• Financial Turnaround: Telkom’s share price and profitability improved significantly under his leadership.

• Digital Strategy: Pushed for modernization, including broadband expansion and entry into mobile markets.

• Cost Restructuring: Streamlined operations, reduced inefficiencies, and improved competitiveness.

• Reputation: Widely recognized for saving Telkom from “impending ruin” and positioning it as a competitive telecom operator.

Current Activities

• After leaving Telkom, Sipho Maseko has been linked to Afrifund Investments and Axian Telecom, exploring opportunities in telecom acquisitions and investments.

• He also joined the Shoprite Holdings board as a non-executive director in 2023, expanding his influence into retail and consumer markets.

Quick Facts