It sounds like to me
"telkom skrews the public, sends the money to shareholders, so for a bit of the pie buy telkom shares"
Personally, I think that telkom will have a rough year this year. Most investors can see that telkom is not investing the money correctly and is falling to a technological decay. I suspect that this is because of LLU - why invest money into infrastructure that will be used by others? let it decay and then let them foot the bill for the new infrastructure.
If it weren't for telkoms monopoly being protected by DOC, telkom would have shut down years ago.
Basicly, that protection from DOC is the only reason to expect telkom to do well. Watch members and associates of the DOC and as soon as they start pulling out of telkom you'll know it's downfall has started.