Telkom’s ‘Competitor Sensitive’ ADSL information

I've been waiting for ADSL installation from end of February. One of these days my application is going to celebrate it's birthday. I don't have to tell tell you something new. You all know the stories you get told when making enquiries with Telkom.
 
The irony is that current ADSL users will contact the SNO themselves to move over.
 
Investors are also doubtful and it shows in the fall of Telkom’s share price which has fallen around 20% since March this year.

I agree with everything with regard to telkom's uselessness in this article except for this statement which i think is stupid. I invest in the stock market and as many people know there was a crash in the stock market around may 11th and again later on during the year. Many shares went down 20% if not more (MTN,Mittal,and many other big names)...
The telkom shares may or may not recover to where it was in march, but i doubt greedy investors would really care whether telkom is customer-centric or not, as long as they continue with huge capital gains and give out huge dividends (R9) ..
I am one of those people waiting for an adsl line and am frustrated and pissed off...
 
Well I applied for a normal land and ADSL on 10 February , I live in the Eco Park Estate in Highveld Park , everyday I see telkom techies in the estate but somehow I have been waiting almost 5 months for telkom to install my line , every time I phone I get the same story that it has been escalated to the next level , boy there must be a crap load of levels cause I’ve been hearing the same story over and over . I even went to the telkom direct store so that maybe I can get some sort of personal interaction and actually get a person to try and help out , and what am I being told after standing in a queue for 20 min ?. “Phone the ADSL line sir we cant help you “ (great customer centric service telscum)

So I guess I will just have to keep phoning and wait for another 5 months , cause I have so many options
 
Waiting for the Telkom Bus

Month 3... no Business ADSL line (or phone line for that matter). In Midrand - not exactly deepest darkest Africa, in fact 5 min drive from Telkom IT.

Exactly how is our IT business supposed to survive without data access - thank goodness someone at the office has an iBurst connection or we'd really be f$%^ed thanx to Telkom.

"Well all get mad, we all get late. Looks like somebody forgot about about, sitting on the corner waiting for the bus." That may or may not arrive...

Sorry to hear the Vodafone thing isn't happening :(
 
bekdik said:
I guess their proposed tariff changes are classified as sensitive too! Ask Debbie2!

Just like the elusive share register as well.
 
rendan said:
I agree with everything with regard to telkom's uselessness in this article except for this statement which i think is stupid. I invest in the stock market and as many people know there was a crash in the stock market around may 11th and again later on during the year. Many shares went down 20% if not more (MTN,Mittal,and many other big names)...
The telkom shares may or may not recover to where it was in march, but i doubt greedy investors would really care whether telkom is customer-centric or not, as long as they continue with huge capital gains and give out huge dividends (R9)
Hi Rendan

Thanks for the feedback.

While some of the share losses are due to the general economic trend we saw, a significant portion of it is directly related to Papi Molotsane’s announcement at the analyst day long before the stock market ‘collapse’ started. This shows distrust in his methods from an investor’s point of view. One can try to protect Molotsane and Telkom saying that investors are fickle etc, but the fact remains that they dropped Telkom stock due to policies by the new Telkom CEO. This is why this statement in the article was made…

Regards,

RPM
 
rpm said:
Hi Rendan

Thanks for the feedback.

While some of the share losses are due to the general economic trend we saw, a significant portion of it is directly related to Papi Molotsane’s announcement at the analyst day long before the stock market ‘collapse’ started. This shows distrust in his methods from an investor’s point of view. One can try to protect Molotsane and Telkom saying that investors are fickle etc, but the fact remains that they dropped Telkom stock due to policies by the new Telkom CEO. This is why this statement in the article was made…

Regards,

RPM

Thanks for the response rpm..
I see what your getting at, and i agree with you to a certain degree, with regard to the announcement. However, it cannot be said that the share price dropped 20% solely due to that, the Jse all share index dropped from 22000 points in may to around 18300 (at one stage), so there was a general crash of close to 17%..
Maybe it would be fair to say that the share price dropped close to 5% due to the announcement.

Well im commenting about a really insignificant part of a generally well written and accurate article..
Just thought id put my 2 cents in :p
Thanks for the good work btw!
 
One possibility is that Telkom do not want the media to keep tabs on their slow ADSL growth and the fact that they are lagging behind on the ADSL promises made by the CEO.

aaaa but some media people and myadsl people aren't so stupid! but being a goverment protected agency nothing is going to happen them (Telscum) anytime soon:(
 
nicholasvw said:
The irony is that current ADSL users will contact the SNO themselves to move over.
SNO has indicated they will not be focusing on the public, but rather 'bigger' (SMME, corporate, maybe SOHO) clients, so whether it will be possible for 'normal' ADSL users to go to them, is debatable.
 
Its not just growth rate.. just think everytime they grow by xxxxx amount or users double the media esp this yr asked where the price reduction is. If they suddenly get caffiene frenzied dwarves to install lines asap and perform at a better rate, us not knowing how much users there are, is better for them since they can complain about economies of scale, cost of equip like they always do.
 
Don't think SNO will be any better than telkom any way...
 
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