Business In The News South Africa

Telkom interim earnings down 3.3 percent, revenue rises 5.2 pct

JOHANNESBURG, November 13 – Telephone company Telkom said on Tuesday its headline earnings per share were down 3.3 percent to 288 cents in the six months to September. Chief executive Sipho Maseko however said the company had delivered a satisfactory performance with operating revenue and earnings before interest, taxes, depreciation, and amortization growth of 5.2 percent and […]

Business In The News South Africa

Samwu not buying sale of government’s Telkom stake

PARLIAMENT, October 26 – The South African Municipal Workers Union (Samwu) on Wednesday, said that it was opposed to the plan by government to sell its Telkom shares and was standing against the privatisation of state assets. Finance Minister Malusi Gigaba confirmed in Parliament during his Medium-Term budget Policy Statement (MTBPS) that government will dispose of a […]

Business In The News South Africa

High Court orders Telkom to stop disconnecting services to eNatis

JOHANNESBURG, October 26 – The Gauteng North High Court has ordered Telkom to restore telephone services to eNatis following an urgent application by the Road Traffic Management Corporation (RTMC). In a statement late on Wednesday, Spokesperson Simon Zwane said: “The RTMC brought an application before the court today after Telkom had disconnected telephone lines to […]