Browsing: Business Connexion

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Telkom set to announce big restructuring

elkom, taking the next step in a four-year turnaround under CEO Sipho Maseko, will overhaul its structure to spur profit and may consider offering stock in some of its units in the future. A new holding company format

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Council slams Mophatlane exit at BCX

The Black Business Council has lashed out at Telkom over the departure of BCX (formerly Business Connexion) CEO Isaac Mophatlane, accusing the telecommunications operator of “an attack on black excellence”. Telkom said on Sunday

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Isaac Mophatlane quits BCX

In a surprise development, Isaac Mophatlane, CEO of Telkom subisidiary BCX (formerly Business Connexion), has resigned. Mophatlane, the twin brother of late former BCX CEO Benjamin Mophatlane, has led the company

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Business Connexion rebrands as BCX

Telkom’s ICT services arm, Business Connexion, has been rebranded simply as BCX. The decision comes just months after Telkom said it would change the name of the company to Telkom Business

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Telkom transfers R1bn to BCX

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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Gov’t to save millions in Telkom deal

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

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Telkom shares leap up on improved earnings

Telkom said first-half earnings rose 20% as South Africa’s biggest landline provider reported a maiden profit for its faster-growing mobile business. Earnings per share excluding one-time items were R3,36 in the six months

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Telkom leaps on trading update

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

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Mophatlane to lead merged BCX, Telkom Business

Telkom has named Business Connexion CEO Isaac Mophatlane as the new CEO of the merged BCX and Telkom Business entities. The merger of the businesses follows Telkom’s acquisition of BCX last year in a R2,7bn all-cash

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Telkom Business, BCX to merge operations

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

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