More News

World News

Neotel is playing down the importance of the retail consumer market to its business, saying its main focus into the future will be on the corporate and wholesale markets. This is after the company signed up fewer than 50 000 retail subscribers. CEO Ajay Pandey says Neotel’s ideal revenue mix is 10% from its retail consumer business, 30% from the wholesale business and 60% from the enterprise space. It does not plan to exit the retail market.

Telkom drew heavy fire from an investment manager and a shareholder at its annual general meeting on Tuesday. The two men accused the JSE-listed telecommunications group of poor corporate governance. Shareholder activist Theo Botha accused Telkom of failing to comply with various elements of the new King 3 codes of corporate governance.