Browsing: Business Connexion

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

Telkom has agreed with organised labour not to retrench any workers for the next two years, but in turn workers have agreed to a wage freeze and to a new performance-based system that can earn them extra money. The agreement has been signed

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