State gets R1bn from Telkom deal

The entity, headed by former director-general of the department of communications Andile Ngcaba, and business tycoon Gloria Serobe, should get R113-million. The consortium has other politically connected shareholders including Smuts Ngonyama and Dali Mpofu
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And we wonder why our telecoms is in such a mess... :rolleyes:
 
Brandon Doyle, trustee of the Lion Trust, which holds 50percent of the Elephant consortium, said shareholders were happy with the payout despite the fact that the share price took a nose-dive on Monday.
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Why did Telkom pay that dividend?
 
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