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Ever since Sipho Maseko joined Telkom as its CEO in 2013, the company has embarked on a successful turnaround that has seen it emerge with positive potential.
Telkom today announced that it has hiked its dividend payout by 56% to R4.22 a share on the back of its headline earnings having increased 12.4%.
Interestingly, its mobile unit is growing in strength, as it recorded an Ebitda of R660m. This comes after four years of Ebitda losses for this division, said Telkom.
Telkom, of course, stopped being a state-owned company years ago when it listed on the JSE.
The government, though, still owns about 40% of the telecoms company. Surely, sensible state officials should be looking at how this approach could save other struggling state-owned entities.