Telkom has sought to play down a report published on Monday that suggested it plans to slash its workforce by more than 40% in the coming months. Bloomberg reported that Telkom wants to cut its workforce to
Browsing: Sipho Maseko
Trade union Solidarity on Friday said a further 300 jobs are on the line at Telkom as the company continues with a cost-cutting programme that involves reducing the size of the organisation’s employee base. The union said in a statement
By Telkom’s own admission, its “revenue at risk” declined in the six months to 30 September 2015. This “at-risk” portion is effectively any voice usage or interconnection revenue, which currently comprises 22% of the group’s total. It seems rather insignificant
Telkom CEO Sipho Maseko has succeeded where none of his predecessors could. Reuben September, Jeffrey Hedberg and Pinky Moholi all tried … or at least they talked tough. Since Maseko’s appointment in April 2013, Telkom has shed a third of its permanent employees, with
As Telkom walked away from buying Cell C this week, the mobile operator’s parent, the Dubai-headquartered Oger Telecom, has said a sale is not the only option under consideration. Although
Telkom has abandoned a plan to acquire Cell C. The telecommunications operator told shareholders on Thursday afternoon that it had walked away from a deal to acquire South Africa’s third mobile licensee
Telkom had 14 212 employees at the end of September 2015, down from 21 800 in March 2013. However, further reductions in head count, including through “residual outsourcing”, are
Excluding the impact of retrenchments, Telkom has reported a 13,9% improvement in headline earnings per share, handily outstripping muted net revenue growth of 1,2% in the six months ended 30 September 2015. Earnings before interest, tax
Cell C shareholder Oger Telecom has rejected a R14bn offer from Telkom to acquire its 75% controlling stake in South Africa’s third mobile telecommunications provider, Bloomberg reported on Thursday. Quoting a “person familiar
Telkom and Old Mutual have reached a deal in terms of which the telecommunications operator will provide funeral cover to its customers. The first product will offer Telkom’s prepaid customers with “loyalty funeral cover”, underwritten by Old Mutual, valued at