Wow, Telkom is turning into even more of a shell than it already is.
Not only is their R75-odd billiong market cap mostly due to their share of Vodacom, which further establishes that their fixed-line core business is essentially worthless, but now they're also looking to potentially drop 19 000 of 26 000 employees too.
Sure, they might save some money, but what's gonna be left after that physically? Practically nothing. And if you consider that worth is somehow meant to be a tangible measure, I'm not so sure shareholders would welcome this progression into apparent worthlessness.