Reasons to love the parastatal no one else does

[AdLo]

Mpho Khumalo has had little aggravation and lots of joy from Telkom.

She doesn’t bother subscribing for a landline, but she did subscribe for Telkom shares under its Khulisa scheme five years ago.

Her initial R1000 has grown to around R10200.

Khumalo’s return on investment is higher than that. Firstly, she has also benefited from Telkom’s generous dividend payments over the past four years.

http://www.sundaytimes.co.za/Business/Article.aspx?id=561084

If she had been with Telkom with 5 years she would have received 5 dividend payments.
Anyway that is a great return on investment and reinforces the view that government saw itself as Robin Hood with excessive fixed line prices.

 

[Sneeky]

State sanctioned extortion.