Only changes to shareholding can save the SNO

BTTB

BTTB

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<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">“The sad part of all this is that while the SNO mess continues to fester it is South African telecommunication users who are the ultimate losers. Telkom simply laughs all the way to the bank.<hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote">

I couldnt agree more.

<b><hr noshade size="1"></b><font size="2"><font color="red"><b>You can take Telkom out of the Post Office but you can't take the Post Office out of Telkom.</b></font id="red"></font id="size2">
 
I agree with the quote. I feel the blame should be squarely placed at the door of Dr. Ivy our dear Minister of Communications.

I find it pathetic that in a country where job creation is such an issue that we still have our economy held to ransom by a greedy corporate. Deregulation in the telco space WILL create jobs across the board - no two ways about it.
 
AS I mentioned elsewhere, as long as no SNO is operational, Telkom needs to have their profit and salaries capped. Profit to zero, i.e. all excess income over expenditure gets ploughed back into reducing tariffs; salaries to public sector vice-director level. Were this to be done, Telkom would suddenly be incentivised to ensuring that a SNO is implemented ASAP!
 
Hi Dikbek

I agree fully. It is quite absurd to have a legally protected monopoly listed on the JSE and NYSE trying to satisfy shareholders with higher profits. If these profits were ploughed back into the services I am certain we would have seen very cheap and effective broadband services.

Regards,

RPM
[email protected]
 
Yes Dikbek has a good point.

But can you do this to a listed company? The major shareholders would have to agree first. And we all know who that is dont we.

<b><hr noshade size="1"></b><font size="2"><font color="red"><b>You can take Telkom out of the Post Office but you can't take the Post Office out of Telkom.</b></font id="red"></font id="size2">
 
Can you do this to a listed company? Maybe one should ask: "Can a listed company have a monopoly which only exists by way of legislation?". This certainly isn't democratic and probably contravenes a bunch of other things such as collusion!
 
Well these are one of several reasons people from overseas look down on Africa where legal norms are just blatantly ignored by the state.
Who is willing to challenge the state I ask you? They have all the taxpayers’ money to pay for the best legal team money can afford and apparently no time schedule to be concerned about. These boys will even import a few legal eagles if needed. Why worry, the taxpayers foots the bill every time.

Trevor Manual imposed another 15 cents tax on fuel this year. 10 cents tax and 5 cents levy. He has been doing so for several years now. It has now caught up to him, because as of today the 7 April 2004, petrol cost an extra 20 odd cents more. So any Rand Appreciation Benefits since last year are just gobbled up by more taxation.
On a similar issue:
Ever wondered why the taxis don’t complain about fuel hikes anymore. Ever thought of that? I will tell you. They are subsidised by the state. No one even heard about it. It was hushed up by the state. It must be costing the taxpayers billions every year and we didn’t even have a say in it.

Just think of it. Those rude, obnoxious taxi drivers that push you off the road. You helped pay for his tank of fuel. So if you are stuck along the highway one day, just ask a taxi for some petrol.


<b><hr noshade size="1"></b><font size="2"><font color="red"><b>You can take Telkom out of the Post Office but you can't take the Post Office out of Telkom.</b></font id="red"></font id="size2">
 
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