Competition cases, such as the two Telkom recently agreed to settle with South Africa’s Competition Commission, are outside the purview of the law, exploit public distrust of private-sector companies, enrich competition authorities and extract shareholder funds from companies by encouraging executives
Browsing: Telkom
The Competition Tribunal on Wednesday appeared set to agree to the terms of a settlement reached between the Competition Commission and Telkom concerning anticompetitive abuses by the operator between 2005 and 2007. The settlement includes payment
Days after newly appointed Telkom CEO Sipho Maseko dug into his own pocket to buy up R1m of the telecommunications group’s shares, its chairman has now done likewise. Telkom revealed to shareholders in a statement issued through the JSE that Jabu Mabuza, who was
The Competition Tribunal is this week set to hear arguments related to the settlement agreement reached between the Competition Commission and Telkom in June.
The agreement with the commission is subject to approval by the tribunal, which will hear the matter on Thursday and Friday this
So, president Jacob Zuma has finally fired the feckless Dina Pule and South Africa has yet another communications minister, Yunus Carrim, the seventh person to hold the portfolio since 1994. Will he be any better than his predecessors? That’s hard to know. But the fact that he’s a card-carrying member
In this episode of TalkCentral, your hosts Duncan McLeod and Craig Wilson dive into the big technology stories of the past week. And the story that dominated the news this week, of course, was the sacking of communications minister Dina Pule. We look at the new minister, Yunus Carrim, and
Telkom has failed to reach an agreement with trade unions Solidarity and the South African Communications Union (Sacu) in a long-running wage dispute. Discussions reached deadlock on Friday, making it increasingly likely that Telkom will face industrial action. The wage dispute, which
Telkom’s newly appointed group CEO, Sipho Maseko, has bought shares worth almost R1m in the JSE-listed telecommunications operator. Maseko bought 52 000 shares on Thursday, 11 July, worth R990 080. The purchase came on the same day that Telkom Mobile slashed prepaid voice tariffs to
Telkom Mobile has slashed prepaid call tariffs to 29c/minute on per-second billing for on-network calls and to 75c/minute to all other networks. The new prepaid tariff plan, called Sim-Sonke, is “expected to blow the competition out of the water by offering the lowest standard mobile call rates in the country”, Telkom says in a statement
Democratic Alliance MP Marian Shinn says fired communications minister Dina Pule won’t be missed by the technology sector, but the communist sympathies of her successor, Yunus Carrim, could prove problematic in a sector that thrives on openness and liberalisation. It could