Telkom’s share price has leapt by almost 8% to R61,48 after it provided a positive quarterly update for the three months ended 30 June 2015. The quarter is the first of Telkom’s financial year, which ends in March. It said that in the three months
Browsing: Sipho Maseko
Telkom on Thursday confirmed that almost 2 400 employees’ applications for voluntary severance and early retirement packages have been accepted by the telecommunications operator. Most of these employees will leave Telkom today, Friday. A total of 2 393 people
Telkom CEO Sipho Maseko has said smaller fibre providers are placing “relentless pressure” on the company’s wholesale and networks unit. This is according to an excerpt from Maseko’s strategic review in Telkom’s annual report for 2015, which
A multimillion-rand payment made to Telkom’s previously suspended chief financial officer Jacques Schindehütte has trade union Solidarity up in arms. Top executives at Telkom have seen pay hikes at the company despite the telecommunication giant’s
Former Telkom chief financial officer Jacques Schindehütte was paid R18,8m in the company’s 2015 financial year, despite leaving its employ last August, just five months into 2015 reporting period. In the year ended 31 March 2015, during which time
Executives at Telkom are taking home higher pay, while its lower level employees face job cuts and possible salary freezes. For the financial year to 31 March 2015, CEO Sipho Maseko’s total remuneration jumped to R12,3m from R11,7m in 2014, according to
Despite union objections, Telkom has announced it is extending voluntary severance and early retirement packages to all employees, including those that belong to trade unions. The decision to offer packages to all staff, included unionised
The emergence of as many as two dozen rivals in the fibre-to-the-home broadband market is good for Telkom, good for consumers and good for the economy, Telkom CEO Sipho Maseko said at
Less than a week after the labour court ordered Telkom to suspend a section 189 retrenchment process, the company has decided to abandon that approach and has opted instead to offer voluntary
Telkom CEO Sipho Maseko has been accused of incurring traffic fines of R18 000 in the name of another motorist after allegedly driving with falsified number plates and deceiving law enforcement agencies, Bloomberg reported on Friday