LoL !! You made me go check the facts... You do know that the value included an almost completely depreciated network in many areas ? Don't you hate it when someone come spoil a great story with facts ?Peace.
In 1991 the Dept of P&T split into Telkom and SAPOS and their assets were valued at R12,8billion. In exchange for these assets Telkom had to accept all the liabilities, eg. gross interest bearing debt of R14,3 billion and had to fund some of the SAPOS losses for a fixed period.