Telkom has given R1bn in financial assistance to its IT services subsidiary Business Connexion, it said on Monday. The money will be used by BCX, among other things, to meet working capital requirements. Telkom
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National treasury and Telkom have concluded negotiations on the existing contract for fixed-line telecommunications services for national and provincial departments. In a statement on Monday, national treasury said the
Data centres are suddenly de rigueur in Africa, with new facilities being deployed across the continent as telecommunications operators and independent infrastructure providers build facilities to cater for rapidly expanding demand from African consumers
Telkom’s share price jumped by almost 6% on Thursday after the partially state-owned telecommunications group said it expects normalised headline earnings per share for the six months to 3 September 2016 to increase
Telkom will merge its enterprise-focused Telkom Business unit into IT group Business Connexion, which it acquired last year for R2,7bn. The merger will create one go-to-market brand and avoid the creation of parallel
Despite reporting a further 6,5% decline in the number of fixed lines in service to just 3,2m, Telkom has declared that it has completed a three-year turnaround strategy and is now ready for growth. This comes as it reports a 15,5% increase in
Telkom is expected to take a big hit to earnings as the result of staff reduction costs, with headline earnings per share set to fall by between 40% and 50% for the year ended 31 March 2016. Basic earnings per share are expected to
Mobile telecommunications helped offset pressures in other areas of Telkom’s business in the third quarter ended 31 December 2015, the company told investors on Monday in a trading and operational update. However, profitability in mobile will take longer
Telkom CEO Sipho Maseko has succeeded where none of his predecessors could. Reuben September, Jeffrey Hedberg and Pinky Moholi all tried … or at least they talked tough. Since Maseko’s appointment in April 2013, Telkom has shed a third of its permanent employees, with
IT services company Business Connexion (BCX) has acquired ANCO-IT, a specialist provider of Oracle business solutions, for an undisclosed sum. BCX CEO Isaac Mophatlane said the