Telkom to write down assets by R12-billion
Telkom announced on Tuesday that it will write down the value of its assets by R12-billion to reflect its lower share price.
Telkom's business rating downgraded
Telkom has received a downgrading by rating agency Standard & Poor's from BBB to BBB-.
Telkom in the dock for putting squeeze on SA telecoms
After years of legal battles, Telkom is appearing before the Competition Tribunal, accused of unfair business practices and charging excessive prices.
Moholi takes over Telkom reins in April
The board of Telkom on Thursday announced the appointment of Nombulelo Moholi as chief executive officer from April 1.
Commission approves Vodafone-Vodacom merger
The Competition Commission has recommended the approval of the proposed large merger between Vodafone and Vodacom, it said on Monday.
Foreigners to pay 10% premium for Safaricom
Foreign investors buying Kenya's Safaricom stock will pay a 0,5 shilling premium per share over the five Kenya shillings that domestic investors will be paying, the government announced on Wednesday. The offering generated over $1,25-billion in bids from established institutional investors, Kenya's privatisation commission said.
Telkom's surge the talk of the town
Telecommunications heavyweight Telkom remained the talk of the town during the morning session on Monday as news of a potential buyout and negotiations with the UK's Vodafone set pulses racing. However, the market as a whole was mixed as resources generally gained some ground, but banks felt the heat from a struggling sector in the United Kingdom.
SA swimmers gear up for Olympics
South Africa's swim stars are set to gather in Cape Town this weekend for the final national swimming camp in home waters before they take up the challenge in a series of international galas prior to competing at the Beijing Olympic Games in August.
