Browsing: KT Corp

Zimbabwean-born Democratic Alliance MP and shadow communications minister Marian Shinn is no career politician, having joined parliament only after the last general election in 2009. For most of her life, she was involved in journalism and, later, public relations. Shinn, 62, grew up in

Telkom’s share price continues to trade at near to all-time record lows as a lack of clarity from government on its plans for the company and uncertainty about who will take over from outgoing CEO Nombulelo Moholi continue to cloud the outlook for investors. Moholi

The opposition Democratic Alliance’s annual report card of the cabinet is in, and communications minister Dina Pule has not emerged well, receiving an “E” for her performance in 2012.

“Pule’s involvement in the ICT Indaba scandal and her hand in the year of missed opportunities at Telkom

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

Roy Kruger, technical adviser to communications minister Dina Pule, says Telkom is set to stage a turnaround despite being overstaffed “like all government entities”. He says the Pule has submitted several proposals, including a recommendation, on the company’s future to cabinet. He

The government’s decision in August to retain two Telkom directors who small institutional investors wanted removed and vote off four independent investors has led to speculation that the purge of the board was driven by a long-term plan for the company

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

Telkom needs to find a “worthy successor” to CEO Nombulelo Moholi, trade union Solidarity said on Monday. “Moholi is one of several Telkom CEOs who have resigned over the past year and her resignation will contribute to further instability in the company,” spokesman

Investors sold off Telkom shares on Monday following the resignation of group CEO Nombulelo Moholi. The share price was almost 3% lower at R17,69 in late morning trade on the JSE, after briefly changing hands at as low as R17,51. Telkom