Browsing: Telkom

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Storms ‘wreak havoc’ on Telkom’s Openserve

The recent devastating storms that affected the eastern side of South Africa have “wreaked havoc” on Telkom’s wholesale arm, Openserve, the company said on Thursday. The storms have led to a significant increase in network-related

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Telkom withdraws cautionary over state sale

Telkom on Thursday withdrew a cautionary announcement it had issued in late August over speculation that government could sell its 39.3% stake in the company to bail out South African Airways. The telecommunications operator’s

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BCX spins off Netcampus subsidiary

Telkom’s BCX said on Tuesday that it is selling its wholly owned Netcampus subsidiary to management and its Telkom FutureMakers enterprise development programme. Netcampus managing executive

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Telkom suspends new work with KPMG

Telkom won’t award any new business to KPMG’s local unit pending the outcome of an investigation into the firm by the country’s accountancy body. Any contracts underway with the auditor and consulting firm

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Telkom shares plummet on government sale plans

Investors in Telkom gave its shares a dressing down on Tuesday in the wake of continued plans by the government to sell part of its shares in the fixed-line group to fund the bail out of cash-strapped South African

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Treasury, PIC at odds over Telkom sale

National treasury is pressuring the continent’s biggest money manager to provide as much as R100bn to fund struggling state companies, according to two people with knowledge of the situation. The Public Investment Corp, which

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BCX invests R50m in data science academy

Telkom’s IT services business, BCX (formerly Business Connexion), has invested R50m in a new data science training academy, which plans to create 300 year-long internships over the next three years. The

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