Telkom burning through cash
Telkom is burning cash at an unsustainable rate, the company's chief financial officer Dirk Reyneke warned employees in an internal document on Tuesday.
"Generally, we have managed our addressable costs reasonably well but the challenging economic and competitive...
Little hope load-shedding will be solved soon, warns Telkom
Telkom chief financial officer Dirk Reyneke warned in a presentation to media and investors on Tuesday that they don’t foresee a solution for South Africa’s energy crisis soon.
Reyneke said load-shedding had a R700 million impact on...
Fighting fibre with fibre
Telkom released its mid-year financial results on Wednesday — and it wasn’t pretty.
Revenue was down 0.7% to R21 billion, mobile service revenue was down 0.7% to R8.78 billion, fixed service revenue was down 9.8% to R6.28 billion, and headline earnings per share was...