Telkom chief financial officer Jacques Schindehütte has joined the company’s CEO, Sipho Maseko, and chairman, Jabu Mabuza, in snapping up shares in the telecommunications operator. The company notified shareholders on Friday that Schindehütte had bought
Browsing: Jacques Schindehutte
News that Telkom may write down the value of its legacy network infrastructure is positive, analysts say. Not only will it bring its balance sheet “in line with reality”, but is indicative of a board of directors looking after an embattled company’s best interests, they say. On Tuesday
If Telkom had a theme tune right now it would probably be written by hard rock band AC/DC, perhaps something from their 1976 classic album Dirty Deeds Done Dirt Cheap. No, not the title track, because there is nothing cheap about Telkom, with communications minister Dina Pule’s adviser
Telkom’s operating expenses of R15,6bn in the first half of its 2013 financial year were almost level with its revenue of R16,1bn, meaning the company could soon be lossmaking. This is the warning from chief financial officer Jacques
Telkom is in limbo. At the end of May, when government decided not to support the sale of 20% of the group’s equity to Korea’s KT Corp, communications minister Pule was given three months to come up with a strategic plan for the troubled telecommunications operator
Brian Armstrong is the second highest paid member of Telkom’s executive committee after CEO Nombulelo Moholi. Armstrong, who heads Telkom Business, took home R10,5m in the 2012 financial year, of which R2,8m was in the form of a guaranteed package and R6,7m was in fringe and other benefits
It’s all come down to this. Fifteen years after Telkom was partially privatised and nine years after it was listed on the JSE, communications minister Dina Pule was scheduled to present three options for the future of the company to President Jacob Zuma and members of his cabinet on Wednesday
It hasn’t been a good year for Telkom, or a good decade for that matter. The JSE-listed company’s share price is down by almost 40% since January. Cabinet has put paid to management’s plan to sell 20% of its equity to Korea’s KT Corp. The price of mobile services is falling, eroding its market share
Telkom could win the race to be the first large telecommunications operator in SA to launch a commercial fourth-generation (4G) mobile network using long-term evolution (LTE) technology. TechCentral has established exclusively that Telkom has been working closely with Korea’s KT Corp on plans to build
Telkom CEO Nombulelo Moholi admitted that the telecommunications group had made a hash of its investments elsewhere in Africa. “A lot of the investments we made we shouldn’t have made,” she told analysts and journalists in Rosebank, Johannesburg