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/ 29 November 2007

SA October producer inflation ticks up

South Africa’s factory-gate inflation ticked up to 9,5% year-on-year in October, data showed on Thursday, beating forecasts and reinforcing expectations for an interest-rate rise next week. Producer price inflation accelerated from 9,4% year-on-year in September, and outstripped forecasts of a 9,1% rise, Statistics South Africa said.

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/ 19 November 2007

Telkom headline earnings fall 15,1%

South African fixed-line operator Telkom said on Monday first-half headline earnings per share fell 15,1% to 742,3 cents. Telkom said the reduction in earnings was due to a 4,8% decrease in operating profit to R7,313-billion rand, caused by a 13,8% increase in operating expenses and a 122,4% rise in finance charges.

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/ 3 September 2007

Telkom says it is in talks with Vodafone and MTN

South Africa’s Telkom said on Monday it was in talks with Britain’s Vodafone and MTN, sparking talk it wants to sell its fixed-line business and its stake in cellphone operator Vodacom. Telkom gave no further details. Vodafone and MTN — sub-Saharan Africa’s biggest cellphone operator — said separately the talks were at a ”very preliminary stage”.

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