{"id":1658,"date":"2007-10-17T12:02:00","date_gmt":"2007-10-17T10:02:00","guid":{"rendered":""},"modified":"2007-10-17T12:02:00","modified_gmt":"2007-10-17T10:02:00","slug":"doc-s-billion-rand-cash-cow","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/telecoms\/1658-doc-s-billion-rand-cash-cow.html","title":{"rendered":"DoC\u00e2\u20ac\u2122s Billion Rand cash cow"},"content":{"rendered":"<p>The Department of Communications&rsquo; controversial 38% shareholding in Telkom has often come under the spotlight as being a hindering factor to telecoms liberalisation, but until now the DoC has refused to part with their shares. <\/p>\n<p>There may be many reasons as to why the DoC is clinging on to these shares, but significant dividends from Telkom are most likely one of the main motives.<\/p>\n<p>According to the DoC&rsquo;s annual report, Telkom started paying dividends to the department in 2003\/04. In 2003\/04 Telkom paid the DoC a respectable R 228.8 Million.<\/p>\n<p>This payment is however dwarfed by the 2004\/05 payment of R 1.8 Billion. According to the DoC this increase was mainly a result of once-off special dividends from special transactions and activities.<\/p>\n<p>With Telkom announcing another special dividend this year one can expect the&nbsp;next round of&nbsp;payments to the DoC to also far exceed the Billion Rand mark.<\/p>\n<p>The Department of Communications was contacted for feedback, but nobody could be reached&nbsp;for comment on this issue.<\/p>\n<p><a href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php?t=90809\">Comments<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Communications\u00e2\u20ac\u2122 38% Telkom share is paying handsomely.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1658","post","type-post","status-publish","format-standard","hentry","category-telecoms"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/1658"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=1658"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/1658\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=1658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=1658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=1658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}