South Africa’s big telecommunications operators are feeling the pinch of the tough economy, but financial results published in the past 10 days show Vodacom is weathering the storm better than its rival Telkom
After two days of sharp declines in its share price, technology services group EOH on Friday issued a “voluntary announcement” on the JSE’s stock exchange news service punting its public sector business. EOH tumbled more
It’s well known that MTN South Africa has had a torrid few years. It’s lost market share to Vodacom and Cell C, it’s suffered debilitating industrial action, its network hasn’t been up to snuff, its customer service
Volatility in MTN’s share price has seen the counter add more than 42% since its 52-week low just a month ago as investors pile back in on a range of factors, including the publication in two weeks of its year-end results. From MTN’s recent low
Cell C intends listing on the JSE within the next few years to unlock value for shareholders and staff. This comes in the wake of news this week that Blue Label Telecoms has tabled an offer to acquire a 35% stake in South Africa’s third mobile operator for R4bn
The double blow of a maturing voice market and a sluggish local economy has not made life easy for South Africa’s telecommunications companies. Vodacom’s revenue was up by only 2,1% to R77,3bn
Gijima’s share price plunged by 36% on Monday, reaching a new record low of 9c/share, as investors fret about the struggling technology services company’s ability to survive. The share has come under considerable pressure in recent weeks as it gears up for a second rights offer in as many years. A rights offer is a way
Nearly R1,5bn — that is what was wiped off the market capitalisation of technology group Pinnacle Holdings in just two trading sessions this week after news emerged that one of its directors and biggest shareholders, Takalani Tshivhase, had been arrested on
Telkom’s bosses received huge pay hikes in 2013, despite deepening financial woes at the telecommunications group. Former group CEO Nombulelo Moholi, who left Telkom in March, took home slightly less money than she did in the prior year – a total of R11,6m, from R12,1m before – but this
Telkom’s share price has rallied by more than 40% in less than two months, despite a run of bad news from the company. Analysts are buoyed by the change of leadership and some of the decisions taken subsequently, but suggest that without further clarity on Telkom’s long-term strategy, the stock gains may be