Communications minister Stella Ndabeni-Abrahams said on Thursday that she will meet urgently with Telkom management to discuss the company’s plan to let go of as many as 3 000 employees.
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Trade union Solidarity has slammed Telkom over its plan to cut up to 3 000 jobs, or 20% of its 15 000-strong workforce, describing the move as “reckless” and “merciless”.
JSE-listed telecommunications specialist Huge Group plans to buy back its own shares, it said in a statement to investors on Wednesday.
Telkom shares jumped on Thursday after it emerged on Wednesday evening that the company plans a major retrenchment round that could see up to a fifth of its workforce let go.
The so-called phase-one US-China trade pact has done little to allay fears about Huawei Technologies’ prospects and those of its key suppliers, two analyst research reports suggest.
Toyota is making a $394-million investment in Joby Aviation, one of the handful of companies with the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets.
Glencore is negotiating a long-term contract to ship cobalt to Tesla ’s new electric vehicle factory in Shanghai, according to people familiar with the matter.
It’s turning out to be a bleak start to the new year for employees at the partially state-owned telecommunications operator Telkom, with as many as 3 000 jobs on the line.
Ka-ching! Naspers CEO Bob van Dijk just made a cool R1-billion through the sale of shares in the group. However, he intends to reinvest most of the proceeds back into the group in the form of bonds.
Rain will sell its Broadlink telecommunications business to Internet and cloud service provider CipherWave, TechCentral has learnt.