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The South African Reserve Bank says the damage done by state capture is worse than previously understood.
Telkom is now profitable, pays a dividend and has more than halved the workforce from the 22,000 it employed when Sipho Maseko took over.
Telkom is considering making an offer to buy a majority stake in Cell C that would lead to a combination of South Africa’s third- and fourth-largest mobile-phone companies.
It seems that stories of ineptitude and wastage in SA’s public sector are continuing unabated in the ‘new dawn’.
Telkom’s total number of fixed lines continue to plummet, with the company recording a year-on-year fall of almost 9% from 2.9m fixed lines to just under 2.7m fixed lines.
Telkom raised R1 billion in its first debt issue of the year as South Africa’s biggest landline provider looks to invest in its network and take on rivals.
Alec Hogg sits down with Martyn Davies, Deloitte’s Managing Director of Emerging Markets in Africa, giving a rather sceptical view of Ramaphoria.
The new leaders of Eskom vowed to resolve governance problems as they outlined “significant” financial difficulties at South Africa’s state-owned power utility.
A move to overhaul corruption-wracked power utility Eskom is a sign that although corrupt President Jacob Zuma is still in power, the sands are shifting below him.
A community in far-flung Mankhosi, in the Eastern Cape built their own network which taps solar energy and provides cheaper voice and internet data.