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
Browsing: PIC
Stability at board and management levels at Telkom was needed to turn the parastatal around as soon as possible, the Public Investment Corporation (PIC) said on Monday. “The PIC has noted the resignation of Telkom CEO
After cabinet scuppered Telkom’s plan to sell 20% of its equity to Korea’s KT Corp, it tasked communications minister Dina Pule with reporting back to it within three months about the options available to the partly state-owned company. If she’s going to meet cabinet’s deadline, Pule must report back to cabinet
The Public Investment Corporation (PIC) has decided not to support the buyout of media and entertainment group Avusa by the Times Media Group, it was reported on Tuesday. The PIC, a 17% shareholder in Avusa, said as a “concerned shareholder” it was worried about Avusa’s underperformance
Telkom is under fire from Democratic Alliance MP and shadow communications minister Marian Shinn, who has accused the partially state-owned telecommunications operator of being “one of the main sponsors of the SA Communist Party’s 91st celebratory dinner” held at the weekend
The question of what SA should do about Telkom has occupied many minds, especially since its proposed deal with Korea’s KT Corp was blocked by cabinet. Telkom’s management team put on a brave face after the deal was scuppered, saying the KT deal would
A planned deal between Telkom and Korean telecommunications company KT Corp may benefit employees, trade union Solidarity said on Tuesday. “In Korea, KT focuses on creating a flexible working environment for its employees through flexitime, flexi workplaces and ‘virtual
MTN’s share price is likely to remain wobbly as jittery foreign investors face massive pressure from US authorities and lobby groups to quit their exposure in Africa’s R255bn cellphone giant because of its business activities in Iran. The company is in danger of being smacked with US sanctions for allegedly providing the Iranian government
Public enterprises minister Malusi Gigaba wants all parastatals to be brought under his department to drive economic growth, he told the Sunday Times at the weekend. His department currently controlled eight parastatals, including SAA, Transnet, Eskom and Denel. With the exception of Broadband Infraco
Communications minister Roy Padayachie has assured the JSE that it will not seek any special rights over Telkom that are in violation of the bourse’s rules and regulations