No response to information loss report

Other than receiving an automated response from Telkom, no response from management regarding the loss of all emails and contact details.<br> <br> Given the nature, magnitude and seriousness of this matter it should be regarded as a governance issue with, and as a listed company, King III being pertinent.<br> <br> King III is essentially about effective leadership. The seriousness of this matter goes beyond a technical glitch and points to the possibility of incompetence at both a senior management and Board level. In addition, and with regard to the audit committee, we have seen a complete breakdown in systems and process, an event that has materially impacted clients. Given the complete lack of trust that such events generate, the lack of managerial response, or responsible behaviour by senior management, is difficult to comprehend.<br> <br> It is inconceivable that the level of incompetence experienced together with management and Board behaviour that does not appear to be in compliance with King III principles is not putting the future of the business at risk. As a client I will have to take appropriate action as I cannot risk a repeat of this problem.