South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
Knott-Craig says no partners have been identified, though there’s speculation that Didata SA chairman Andile Ngcaba and former Telkom chairman Nomazizi Mtshotshisa are interested.
One company that looks likely to bid for the stake is Mowana Investments, whose principals include former parliamentarian Nkenke Kekana and Business Connexion executives Bridgman Sithole and brothers Benjamin and Isaac Mophatlane
“We’re talking a lot of money, but it certainly would be affordable for us.”
Makes me wonder how often Papi has said the very same thing about fixed-line penetration, exorbitive pricing, poor customer service levels and backward-thinking strategies (ie. insistance on using ADSL 1.0 instead of leap-frogging to ADSL 2/2+ or even direct FTTH at competitive overseas prices to really push penetration levels through the roof in the next year instead of next 5 years!)Telkom’s Molotsane insists, however, that the two companies will work more closely to exploit synergies. “Frankly, I don’t give a damn what happened in the past,” he says ...