Browsing: Sipho Maseko

Telkom’s promises fall on deaf ears

Despite Telkom’s tough talk about learning from its mistakes, taking hard decisions and rising like a phoenix from the ashes, investors are simply indifferent to the promises made by Africa’s largest integrated communications company. The news of a R12bn write-down in assets in Telkom’s results

Telkom may sell assets – report

Potential job cuts and the disposal of money-losing assets is looming at Telkom, Business Report said on Tuesday. The restructuring came at a time when the telecommunications company ramped up its bid to cut costs and position itself to compete in a cut-throat market. According

Telkom in sweeping antitrust settlement

Telkom has agreed to pay a R200m penalty, to functionally separate its retail and wholesale divisions, to adhere to pricing commitments for the next five years, and to allow its future conduct to be monitored. This all forms part of a settlement with the Competition Commission over anticompetitive abuses

Telkom to take R12bn impairment hit

Telkom will impair the carrying value of its fixed-line network by R12bn, the JSE-listed telecommunications group said on Tuesday. This will reduce its net asset value from about R57/share to R34/share. Telkom said last week that it was considering the impairment

Telkom lauded for impairment plan

News that Telkom may write down the value of its legacy network infrastructure is positive, analysts say. Not only will it bring its balance sheet “in line with reality”, but is indicative of a board of directors looking after an embattled company’s best interests, they say. On Tuesday

Miriam Altman to head Telkom strategy

Telkom has tapped a member of Trevor Manuel’s National Planning Commission as its new head of strategy. Miriam Altman will join the troubled telecommunications operator on 1 June. Altman, who will report directly to newly appointed Telkom CEO Sipho Maseko, will support

Telkom expects earnings drop

There’s more bad news for Telkom shareholders this week. The partially privatised JSE-listed telecommunications company warned on Monday that it expects its headline earnings per share to be at least 20% lower than the 324,7c it reported a year ago. Telkom is under

Duncan McLeod
Another chance for Telkom

Telkom is a shadow of the company it once was. As little as 10 years ago, it thoroughly dominated SA’s telecommunications landscape. Today, it’s not even among the top 40 companies listed on the JSE. Its market value has dwindled to such as extent that, at R7,8bn, it’s worth less than 5% of Vodacom, in which it once

Tussle for Telkom top job

There was a tight race between Sipho Maseko and Brian Armstrong for Telkom’s top job, a source claiming to have knowledge of the appointment process has told TechCentral. Telkom confirmed the news of Maseko’s appointment as its new group CEO in a statement to shareholders after TechCentral broke

Telkom to name Maseko as CEO

Sipho Maseko is Telkom’s new group CEO and will take over from outgoing CEO Nombulelo Moholi next week, TechCentral has been told by three separate sources with ties to the telecommunications operator. An announcement about his appointment may be made as soon as this afternoon

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