The rocket that is Telkom’s share price shows no sign of running out of fuel. On Tuesday, the counter hit the R50 level for the first time in more than five years on investor optimism of a sustained turnaround. The bullishness about the company’s outlook has pushed it market capitalisation above
Browsing: Telkom
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
Telkom has rubbished claims by a trade union that a jobs bloodbath is looming at the telecommunications operator. The South African Communications Union claimed on Monday that the company intends slashing its workforce in half – firing 9 500 of Telkom’s 19 000 employees – within the
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
It’s the weekend, and that means it’s time for another dose of TalkCentral, South Africa’s leading weekly technology podcast. Your regular hosts Duncan McLeod and Regardt van der Berg pull up a couple of chairs for a discussion on Telkom and the future of its fixed-line business. They also chat about
Trade union Solidarity on Thursday warned Telkom not to use race in deciding which employees to retrench. “Solidarity today gave Telkom a final warning to abandon the race criteria it uses for retrenchments,” the union’s industry head Marius Croucamp said in a statement. He said it was unlawful to do so
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
Broadband Infraco will no longer report into the department of public enterprises. Instead, the department of telecommunications and postal services (formerly known as the department of communications) will have oversight responsibility. It’s not known if the changes in reporting have been implemented
Vodacom is going to face an uphill battle in its attempt to get regulatory approval for its R7bn acquisition of Neotel. Its competitors, who are already publicly questioning the legality of the deal, are likely to lobby for it to be scuppered or at the very least have strict conditions imposed on it. “It will be challenged
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