Browsing: Nombulelo Moholi

With a potential repositioning of some of the country’s most significant parastatals in the offing, a number of ministers could lose out as key entities are placed under the ever-extending wing of public enterprises minister Malusi Gigaba. Not least of these

There’s more bad news for Telkom shareholders this week. The partially privatised JSE-listed telecommunications company warned on Monday that it expects its headline earnings per share to be at least 20% lower than the 324,7c it reported a year ago. Telkom is under

Telkom is a shadow of the company it once was. As little as 10 years ago, it thoroughly dominated SA’s telecommunications landscape. Today, it’s not even among the top 40 companies listed on the JSE. Its market value has dwindled to such as extent that, at R7,8bn, it’s worth less than 5% of Vodacom, in which it once

There was a tight race between Sipho Maseko and Brian Armstrong for Telkom’s top job, a source claiming to have knowledge of the appointment process has told TechCentral. Telkom confirmed the news of Maseko’s appointment as its new group CEO in a statement to shareholders after TechCentral broke

Sipho Maseko is Telkom’s new group CEO and will take over from outgoing CEO Nombulelo Moholi next week, TechCentral has been told by three separate sources with ties to the telecommunications operator. An announcement about his appointment may be made as soon as this afternoon

Telkom and the Competition Commission have dropped their separate applications to the competition appeal court related to last year’s decision by the Competition Tribunal to hand down a R449m fine on the telecommunications operator for past anticompetitive abuses. Competition Commission

Telkom’s fixed-line broadband expansion plans can now continue unhindered after the telecommunications operator won a crucial battle at the supreme court of appeal in Bloemfontein. The supreme court on Monday dismissed an application brought by ZTE Mzanzi, a black-owned telecommunications company

The Competition Commission has entered into talks with Telkom with a view potentially to resolving a second broad-ranging investigation against the fixed-line operator outside of the process of formal competition hearings. The move comes just months after the Competition Tribunal

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 New Age CEO Nazeem Howa hit back on Monday morning at a weekend newspaper report that partially state-owned telecommunications operator Telkom was its top advertiser. “It’s similar to the patronising and racist mindset of some of opposition politicians who imply that the senior executives