Telkom has a debt problem

Jan

Who's the Boss?
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Telkom's ballooning debt

Telkom’s net debt increased by over 3,200% over the last decade. It has reached concerning levels as revenue growth has been sluggish.

On Tuesday, Telkom released its results for the interim period of its 2024 financial year. It increased revenue by 2.5% to R21.78 billion, while profit grew 52.3% to R976 million.
 
Their mobile division was doing well until they started matching contracts of the other big providers and made it no longer an attractive reason to switch to them anymore...

Then took it further that you had to take X contacts in order to get the phone you want instead of the contract that suits you with the phone you want.

I was on the FreeMe 1GB plus a flagship phone.
Latest contract forced me to get a 6GB to get the phone I wanted.
This severely pissed me off.

Doubt my next contract will be with them...
 
Telkom's ballooning debt

Telkom’s net debt increased by over 3,200% over the last decade. It has reached concerning levels as revenue growth has been sluggish.

On Tuesday, Telkom released its results for the interim period of its 2024 financial year. It increased revenue by 2.5% to R21.78 billion, while profit grew 52.3% to R976 million.
Anybody or entity that has a DEBT problem, does not know how to work with Resources(Nature) and Money(Control Medium), and will not get out of it until they do. Having lots money today onesided is not a gurantee of this understanding.
 
Too much bureaucracy

Had Telkom home phone from 1972 to 2021. Was paid via debit order. One day no working phone. Discovered after a few days that I must now apply for a "Calling credit". Asked why this is necessary, "its always been so". So fill in a form and hand it in at Telkom store. Service came back for 3 weeks then stopped again

Cancelled Telkom and went over to VOIP phone service. Works as well and cost 1/3 of Telkom
 
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