Telkom said on Monday that full-year earnings and the dividend both rose as South Africa’s biggest landline provider enters a new phase of growth by giving more autonomy to its four business units. Earnings per share excluding one-time items increased by
elkom, taking the next step in a four-year turnaround under CEO Sipho Maseko, will overhaul its structure to spur profit and may consider offering stock in some of its units in the future. A new holding company format
Telkom’s share price on Friday was testing highs not seen in eight years after the telecommunications company released a positive earnings update that delighted investors. The share was last quoted at R82, just
The Black Business Council has lashed out at Telkom over the departure of BCX (formerly Business Connexion) CEO Isaac Mophatlane, accusing the telecommunications operator of “an attack on black excellence”. Telkom said on Sunday
In a surprise development, Isaac Mophatlane, CEO of Telkom subisidiary BCX (formerly Business Connexion), has resigned. Mophatlane, the twin brother of late former BCX CEO Benjamin Mophatlane, has led the company
Telkom plans to break out its telecommunications towers and real estate assets into a separate unit that may then be listed on a stock market, according to two people familiar with the matter. The new entity would be run by a new, property-focused
Telkom’s chief commercial officer is stepping down. Brian Armstrong will “retire” at the end of March, group CEO Sipho Maseko said in an e-mail to employees on Thursday. Armstrong joined Telkom in 2010 from BT Global Services
Here they are, TechCentral’s South African ICT Newsmakers of 2016. These are the individuals, in ascending order from five to one, who we believe were the most newsworthy in the technology and telecommunications space this year, for
Industrial action could impact telecommunications company Telkom once again, the Communications Workers Union has threatened. In September, the CWU suspended strike against the telecoms
Telkom’s mobile business is finally profitable (and sustainable). Since its launch in 2010 (as 8ta), its cumulative losses total R10bn. In those six financial years (to 31 March 2016), it generated R12,9bn in
