Telkom’s fixed-line and enterprise business lines have taken a battering due to the Covid-19 lockdown, but its consumer mobile business is flying, the company said in a market update on Friday.
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The high court in Pretoria has overturned a controversial 2019 decision by former trade & industry minister Rob Davies that gave Telkom privileged black economic empowerment status by the government.
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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.
With a fixed-line business under pressure, an IT services company feeling the pinch and a mobile business facing strong competition, Telkom CEO Sipho Maseko has a difficult road ahead of him. By Duncan McLeod.
Long-serving Telkom executive Alphonzo Samuels will retire at the end of March 2020, the company said on Wednesday.
Telkom CEO Sipho Maseko earned total remuneration of R23.2-million in the 2019 financial year, down from R27.2-million in 2018, mainly as a result of fewer shares that vested to him in the period.