Solidarity intends using social media and court action to stop what it says are race-based retrenchments at Telkom, the trade union said on Tuesday. “In terms of legislation, race may not be used as a criterion during a retrenchment process,” deputy general secretary Johan Kruger said in a statement
South Africans love to complain about Telkom. It’s been a national pastime for years. The customer service problems associated with the fixed-line operator are the stuff of legend – and nightmare. So, when Telkom’s CEO, Sipho Maseko, steps up to the plate and promises to fix these deep-seated
The ongoing decline in the number of fixed lines in service in South Africa, a trend that has been evident for more than a decade now, is a “big concern” for Telkom, but is the result of fixed-to-mobile substitution more than the cost of line rental. That’s according to the group’s chief operating officer
Telkom’s share price has reached its strongest levels in more than five years, touching highs not seen since May 2009 when the telecommunications operator disposed of its 50% stake in Vodacom. On Friday, the counter reached a new five-year high of R46,42/share before falling back. On
Telkom is giving serious thought to relocating its head office from downtown Pretoria to facilities closer to Johannesburg – at its campus in Highveld in Centurion – in a move designed mainly to cut costs, according to its group CEO, Sipho Maseko. Nothing is confirmed at this stage, but it’s understood
Telkom wants to cut its ratio of staff expenses to revenue to 25% in the next five years, its acting chief financial officer Deon Fredericks has revealed. In the 2014 financial year ended 31 March, the ratio was 28,6%, down from 29,8% in 2013, a decline of 3,7%. The telecommunications operator
MTN will not get access to Telkom’s valuable chunk of 4G/LTE radio frequency spectrum in the 2,3GHz band. The negotiations between the two companies, in which it is proposed that MTN takes over the financial and operational management of Telkom’s radio access network, specifically excludes
Telkom has “really narrowed down the options” when it comes to video-on-demand (VOD) services and intends reissuing a tender for the supply of a solution that will allow the telecommunications operator to offer VOD on its fixed-line broadband access network. Last month, Telkom pulled the plug on
Telkom’s share price has risen sharply in the past year on optimism that the new leadership team under CEO Sipho Maseko has what it takes to turn the lumbering telecommunications giant around. Since last June, the share price has gained more than 150%. And since its low point in May last year, it has
Telkom has announced plans for a national fibre-to-the-home project targeting upmarket suburbs in Johannesburg, Pretoria, Durban and Cape Town. CEO Sipho Maseko on Friday revealed plans to roll out fibre broadband at speeds of up to 100Mbit/s. The main focus will be on
