Telkom released annual results last week and its share price soared after a brief pull back. It has rallied over 50% year to date. Investors were expecting information on the potential property portfolio unlock. Nothing concrete has been delivered.
The CEO Sipho Maseko highlighted “Our strategy to separate our property and mast and tower portfolio to increase management focus and unloc... ››› more
South Africa's telecommunications investments have been quite exciting to watch over the last year. Massive fines, reshuffling of executives and new developments and products across the industry have left some investors confused as to which telecommunications shares to invest in.
So let's take a quick look at MTN, Vodacom and Telkom and see which investment has performed better in the last yea... ››› more
Since the markets opened on 4 January 2016, Vodacom's share price has increased nearly 6%.
Its closest rival, MTN's share price fell nearly 5% since the markets opened.
Telkom on the other hand has proved that it's less than worthy down nearly 11% over the same time frame.
But there's one man that's smiling all the way to the bank. That's Vodacom's CEO Shameel Joosub...
Vodacom pa... ››› more
Telkom SA SOC provides an array of telecom products and services to its customers. The company has a listing on the Johannesburg Stock Exchange…
Full name: Telkom SA SOC Limited
Short name: Telkom
Sector: Telecommunications – fixed-line telecommunications
Five top facts about Telkom SA SOC
Telkom SA SOC employs over 18,000 people across its operations. The ... ››› more
Earlier today, Telkom released its results for the six-months to the end of September.
The telecoms company posted a big hit to earnings as restructuring costs mount.
Let's take a closer look at what Telkom revealed…
Telkom posted a fall of 67% in earnings
Telkom [JSE:TKG] reported a drop of 67% to its earnings for the first half of its financial year, reports Fin24. One of the ma... ››› more
Late this afternoon, Telkom revealed that its suspended chief financial officer resigned with immediate effect. In spite of no longer being at Telkom, Jacques Schindehutte will receive his full benefits package from the company.
Telkom suspended Mr Schindehutte back in October following an investigation into his conduct.
Let's take a closer look at what's going on…
Telkom drops disci... ››› more
Yesterday, the South African Communications Union (SACU) said Telkom planned to cut 9,000 of its 19,000 workforce over the next six months. Both SACU and Solidarity are preparing to take Telkom to court over the possible job losses. Let's take a closer look at what's going on…
Telkom refutes claims of 9,000 job losses in six months
Telkom denies the SACU’s claim that Telkom plans to let go... ››› more
In 2011 up to 2013, this telecom giant crashed over 68.4% from R39.20 down to R12.37…
And since then, I've left this share alone to do its own thing.
But it's now at a HUGE discount and is ripe for the picking…
In fact, I expect this share to go up 67.36% from here, so you might want to grab this profit call.
Let me explain…
Invest in a company with millions of subscribers a... ››› more
Earlier today in a joint statement, Telkom announced its intention to buy Business Connexion. Telkom is looking to expand its information and communication technology (ICT) business. Shares in Telkom fell on the news. Business Connexion shares soared. Let's take a closer look at the deal…
Telkom bids R2.67 billion for Business Connexion
Telkom has made an offer to “buy Business Connexio... ››› more
The CEO of Telkom Sipho Maseko has criticised MTN and Vodacom over their moves to try and stop the lowering of mobile termination rates. In full page advertisements in the Sunday papers, Mr Maseko says MTN and Vodacom are standing in the way of what's best for South Africa. Let's take a closer look at what's going on…
Telkom’s CEO published an open letter to bosses of MTN and Vodacom
The ... ››› more
Back in mid-November, Telkom admitted it had lent its suspended chief financial officer R6 million. Telkom suspended Jacques Schindehütte the month before for undisclosed reasons. Late yesterday it emerged that Telkom demands that Mr Schindehutte immediately pays back the borrowed money. Let's take a closer look at what's going on…
Yesterday, Telkom said that “it is claiming back the R6 mil... ››› more
Earlier today, Telkom said that it loaned its now suspended chief financial officer R6 million to buy shares in the company. This happened before Jacques Schindehütte suspension, but whilst Telkom were investigating him. It emerges that this loan might have been illegal. Let's take a closer look at what's going on…
Telkom says its loan to its “suspended chief financial officer [of] R6 milli... ››› more
Yesterday, following the announcement of the suspension of its CFO, speculation was rife about what Jacques Schindehutte had done. But Telkom spoke out today to quell the rumours. Let's take a closer look at what's going on…
Telkom’s share price took a tumble yesterday after the fixed-line operator announced that it had suspended its chief financial officer. In the company’s announcement, ... ››› more
In a day that saw Telkom's share price plummet as it suspended its chief financial officer, more news emerges. The JSE has referred a share purchase made by the now suspended Telkom CFO to the Financial Services Board (FSB). Let's take a closer look at what's going on…
The JSE has referred “a trade in Telkom stock by chief financial officer Jacque Schindehutte” to the FSB, says MoneyWeb. S... ››› more
After a tremendous run recently, then a major fall yesterday, the JSE ended flat today. But technical indicators suggest that the local bourse may still be in overbought territory. Let's take a closer look at the day on the JSE…
The JSE “ended a see-saw session flat,” says IOL. MTN was one of the biggest movers down after the wireless operator “cut its full year target for new subscriber... ››› more
Earlier today, Telkom revealed that is had suspended its chief financial officer. The share price has continued to fall as the day progresses. The suspension is pending a disciplinary process. Let's take a closer look at what's going on...
Telkom's CFO, Jacques Schindehutte, is suspended due to a disciplinary process taking place, reports Fin24. Telkom made the announcement earlier today.
... ››› more
The JSE ended firmly in the red today. Global jitters about the US hitting its debt ceiling are spreading. The local bourse suffered the consequences of a stock sell off. Let's take a closer look at what happened on the JSE today…
Shares on the JSE “fell hard” today, reports MoneyWeb. After the JSE hit new highs over the last few weeks, it suffered as “investors’ dumped shares”. Worr... ››› more
Earlier today, Telkom released a positive trading statement about its interim results to the end of September. In the statement, the telecoms giant said that it expects earnings to come in much higher for the period. The share price rallied on the news. Let's take a closer look at what the trading statement revealed…
Telkom says that it expects “its interim headline and basic earnings per sh... ››› more
Bad news emulates from Telkom this week. After wiping billions off its assets on Tuesday, the fixed-line operator has announced massive losses in headline earnings per share. Here's what's going on…
On Tuesday, fixed-line operator Telkom announced that it was writing down the value of its assets by a whopping R12 billion. The group took this decision to mirror its lower share price when compar... ››› more
Today, Africa's telecoms giant, Telkom, confirmed it's writing down the value of its assets by an enormous R12 billion. Read on to uncover what's happening at Telkom…
Following two trading statements released in April and earlier this month, today Telkom confirmed that it would be making an impairment charge to the tune of R12 billion.
Telkom’s SENS announcement confirmed the write down o... ››› more
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