TELKOM MOVES TO SLASH COSTS

TELKOM MOVES TO SLASH COSTS

Telkom is to rein in spending to cope with rising costs after reporting a 17.9% fall in half-year core profit. The partially state-owned operator joins local rivals such as Vodacom in stepping up cost-cutting initiatives as rising costs for fuel, handsets...
TELKOM CHAIRMAN RESIGNS 

TELKOM CHAIRMAN RESIGNS 

Telkom’s chairman, Sello Moloko, has resigned and will leave the board of the partially state-owned telecommunications operator by no later than 31 March 2023. The company cited Moloko’s heavy workload for his decision to step down. His exit comes after a report...
TELKOM MOVES TO SLASH COSTS

TELKOM WARNS OF REDUCED EARNINGS

Telkom has issued a trading statement for the six months ended 30 September 2022, warning shareholders to expect a decrease in earnings. It says reported headline earnings per share (HEPS) and reported basic earnings per share (BEPS) are expected to decrease by...
TELKOM TO CUT OFF POST OFFICE

TELKOM TO CUT OFF POST OFFICE

Telkom has threatened to cut off communications services to the South African Post Office (Sapo) over an outstanding debt of over R225 million. Sapo CEO Nomkhita Mona warned Telkom’s enterprise service division BCX that such a development could jeopardise the payment...