I can't tell whether this is a bargain or a moneypit.
You were watching until a stone was cut out without hands
When will Telkom have to pay the R3,5bn outstanding CC fine:
This case has been dragging on for almost 10 years. Surely this will be the nail in the coffin for Telkom and its largest shareholder the ANC.
I was speaking to some Telkom executives a week or so ago about why their shares are diving. I told them straight. Offer your wholesalers uncapped so we can be competitive with MWEB. Once again I was told that the uncapped model is unsustainable. So I just responded, "so is your share price".
ďI believe Ayn Rand's first love poem went: Roses are red, violets are blue, finish this poem yourself you dependent parasite".Ē
Telkom is in a huge mess, thanks to the governments interferance.
Telkom shares are plummeting today - down nearly 8% to R16.20. There is something big which will announced I think.
Love the 'Telkom is broken' picture!