Telkom CEO Serame Taukobong said his company does not need saving, even as suitors begin lining up.
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MTN Group on Tuesday hinted strongly that it remains interested in buying Telkom.
Telkom jumped as much as 12% after confirming it received a bid for a controlling stake from a consortium that includes its former CEO.
But the former telecommunications monopoly faces huge challenges if it hopes to remain a significant market player.
Icasa said it will soon publish a request for proposals to appoint a consultant to assist with its next broadband spectrum auction.
MTN South Africa is actively investigating off-grid renewable energy alternatives, including windmill-powered base stations.
President Cyril Ramaphosa met with business leaders as concern over South Africa’s multiple crises grows.
Trade, industry & competition minister Ebrahim Patel has published block exemptions for energy users and suppliers in terms of the Competition Act.
The PIC is backing a possible bid led by the former chief executive of Telkom for a 35% stake in the company, sources said.
Following Telkom’s shock profit warning last week, could MTN make another bid for the company?