Liquid Telecom, the pan-African telecommunications operator, has reported solid full-year results, underpinned by good performances in South Africa and East Africa.
Author Duncan McLeod
Podcast | Crime is now easily as bad as it was before South Africa entered the lockdown in late March, according to Vumacam CEO Ricky Croock.
With rumours swirling about potential consolidation in the months ahead, Telkom CEO Sipho Maseko said his company is ready for a wave of mergers and acquisitions – should they happen.
Telkom has suspended its dividend policy for the next three years as it seeks to build its cash position ahead of a planned auction of radio frequency spectrum in South Africa.
The numbers are not that surprising, given that Telkom has said it is decommissioning its copper network countrywide. But the group’s 2020 fixed-line performance still makes for sobering reading.
Cell C has begun a consultation process under the Labour Relations Act that is likely to result in 960 employees – or almost 40% of the company’s workforce – being retrenched.
Liquid Telecom South Africa chief operating officer Craig van Rooyen will serve as interim CEO of the company until a replacement for Reshaad Sha has been appointed, the company said on Friday.
The SABC said on Thursday that it has issued a “notice of possible redundancies” following consultations with key stakeholders.
Reshaad Sha is leaving Liquid Telecom Group, where he has served as CEO of the South African subsidiary since 2018, to start his own venture in the field of artificial intelligence.