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Telkom CEO Serame Taukobong said the operator is open to further talks with MTN Group about a transaction.

The telecommunications operator has reported a poor set of interim results for the six months to end-September 2022.

Telkom is to rein in spending to cope with rising costs after reporting a 17.9% fall in half-year core profit.

Profitability decreased due to higher fuel surcharges, investments in new warehouses and discounted clearance of inventory, parent Naspers said.

Hundreds of workers at Apple’s main iPhone-making plant in China clashed with security personnel over tough Covid restrictions.

Interim profit slipped 93% as the technology investor increased funding of its businesses and took a knock from Tencent.

Telkom’s chairman, Sello Moloko, has resigned and will leave the board by no later than 31 March 2023.

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