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
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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
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
Zimbabwean-born Democratic Alliance MP and shadow communications minister Marian Shinn is no career politician, having joined parliament only after the last general election in 2009. For most of her life, she was involved in journalism and, later, public relations. Shinn, 62, grew up in
Telkom and the Competition Commission have dropped their separate applications to the competition appeal court related to last year’s decision by the Competition Tribunal to hand down a R449m fine on the telecommunications operator for past anticompetitive abuses. Competition Commission
In a country where textbooks are routinely not delivered to thousands of schools, public hospitals are struggling to keep running and millions live in poverty, information and communications technology (ICT) might not seem like a priority. But the department of communications, which oversees ICT, is doing
Telkom has rubbished claims made by the Communication Workers Union that it plans to get rid of 13 000 of its employees, or more than half its workforce. Business Day newspaper reported on its website that the union had accused Telkom of moving to retrench the staff under the guise of voluntary severance and
Telkom will launch commercial fourth-generation long-term evolution (4G/LTE) broadband products “within weeks”, Telkom Mobile MD Attila Vitai says. In an interview with TechCentral, Vitai has disclosed that the company expects to have
Telkom has unveiled a redesigned brand for Telkom Mobile, it’s cellular arm, saying the change, which involves a de-emphasis of the name 8ta, reflects the fact that the company is now “mature enough” to attract higher-spending customers away from longer
News last week that the Competition Commission is in early-stage talks with Telkom with a view to possibly reaching a settlement ahead of the tribunal hearings should be welcomed if the outcome benefits consumers. The tribunal hearings relate to a broad complaint brought by industry players against