Telkom’s share price has smashed through the R40/share barrier following a positive trading update released last week. It’s the first time Telkom has traded at these levels since late 2009 after the company disposed of its 50% stake in mobile operator Vodacom. The counter has been on a tear in the past year
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Telkom’s proposed acquisition of Business Connexion – its second attempt to buy the listed IT services company – will create an information and communications technology (ICT) company that will “address the technology and communications needs of South African businesses nationally”. That’s according to the
Telkom will consider employment equity in its latest round of planned job cuts, which could affect more than 2 600 management-level employees, a report said on Wednesday. This means that partially state-owned and JSE-listed telecommunications operator “plans to target white, male employees when making job cuts”, according to
There appears to be no stopping the rise in Telkom’s share price. The counter added nearly 5% on Thursday, to close near the R40 mark. It’s now flirting with levels last seen in 2010, after it offloaded its 50% stake in Vodacom to Vodafone and to shareholders. The share closed at R39,70, up by 4,1%, after having touched
Telkom intends slashing its costs by R1bn/year for the next five years in an effort to unlock shareholder value and turn around its financial performance, its CEO, Sipho Maseko, was quoted in a newspaper report on Wednesday as saying. This would include job cuts, Maseko was quoted as saying. He added that he would
Telkom’s group chief of regulatory and corporate affairs, Ouma Rasethaba, will take the reins as chief risk officer with immediate effect, the telecommunications operator said in a statement on Tuesday. The appointment of Rasethaba, who has been with Telkom since 2006, will complete an executive committee structure, will
Just a day after cautioning shareholders that it was in talks with MTN South Africa, Telkom has signed a heads of agreement with the company in terms of which MTN will take over financial and operational responsibility for the roll-out and operation of its radio access network. In addition, each company will be able to
Telkom CEO Sipho Maseko “omitted facts” in his open letter at the weekend to his counterparts at MTN and Vodacom and his comments were “a bit rich”. That’s the word from MTN South Africa CEO Zunaid Bulbulia, who told TechCentral on Wednesday
Telkom CEO Sipho Maseko has blasted his rivals at Vodacom and MTN, Shameel Joosub and Zunaid Bulbulia, accusing them of “standing in the way of South Africa’s future” by taking communications regulator Icasa to court over mobile termination rates. In an open letter to the Vodacom
The Companies and Intellectual Property Commission (CIPC) has scolded Telkom CEO Sipho Maseko, ordering him to attend a corporate governance and director duties course within 90 business days over the granting of a R6m interest-free loan to the company’s