South Africa’s stately progress towards implementing fibre to the home (FTTH) has taken a turn for the better after two residents’ associations took matters into their own hands. One, Parkhurst in Johannesburg, has appointed a supplier and the other, nearby Parkview, is asking for quotes on delivering home fibre. The big gorillas in South Africa’s
Business Connexion shareholders have voted overwhelmingly in favour of a R2,7bn all-cash offer from Telkom, paving the way for a review by South Africa’s competition authorities and communications regulator Icasa. Telkom has offered BCX shareholders R6,60/share to buy 100% of the company. The deal is seen as
Telkom’s suspended chief financial officer, Jacques Schindehütte, has retired from the group’s board. The telecommunications operator has agreed to pay him his full retirement benefits and to discontinue disciplinary proceedings against him. Telkom made the surprise announcement 30 minutes before markets closed on Friday
Overall, Vodacom and Telkom Mobile have South Africa’s best post-paid mobile plans, new data from telecommunications research firm Tarifica claims to show. Virgin Mobile scored bottom of the list, coming in in fifth place overall behind Cell C and MTN, but MTN failed to emerge as the winner in even a single category. The Tarifica scores
Telkom, for many years shunned by both institutional and retail investors, appears to have shed its poor image in the investment community, with the market rushing to snap up its shares on the expectation of a significant turnaround in its fortunes. The share price was trading up by more than 6% in lunchtime trading on the JSE on Tuesday
Business Connexion (BCX) shareholders will next week vote on whether to accept Telkom’s R2,7bn all-cash offer to buy them out. But the deal looks set to pass, with Telkom saying on Tuesday that 80% of shareholders have given their written undertaking to support the proposed deal. The meeting, which will take place on Monday
The disciplinary hearing involving suspended Telkom chief financial officer, Jacques Schindehütte will resume on 6 August 2014. The company said in a statement that this follows a long adjournment agreed to by both parties
JSE-listed IT services firm Business Connexion (BCX) hopes its sale to Telkom is finalised by late November or early December, although the company has admitted it could be delayed if the transaction is challenged
The total remuneration bill for Telkom’s executive and nonexecutive directors as well as its prescribed officers has declined between the 2013 and 2014, the telecommunications group’s latest annual report, published
Telkom CEO Sipho Maseko is under investigation after being implicated in an alleged car licensing cloning case, the City of Johannesburg said on Friday. “Whatever is happening in terms of allegations about him [Maseko] being on the wrong side of the law is being investigated by the Johannesburg metro police department
