Telkom, who’s embroiled in a fight with unions over a plan to cut jobs, more than doubled its executive directors’ wage bill in fiscal 2015.
As fibre-to-the-home rolls out in earnest across suburban South Africa, the army with the most weapons is being left behind on the field of battle.
Industry regulators have approved Vodacom’s bid to buy Neotel, along with its fixed-line network, making it a formidable competitor to Telkom.
The telecoms firm has confirmed that it plans to reduce staff numbers as part of a restructure, within two months according to trade union Solidarity.
The CWU has expressed shock over the 105 retrenchment letters given to staff members and has called for the resignation of Telkom’s CEO.
Threats by telecomms giants to start charging for services like WhatsApp and Skype are the behaviour of schoolyard bullies, says Alistair Fairweather.
The union plans to take Telkom to court to prevent the firing of 9 500 of it’s workers but the company says no such number has been specified as yet.
Jacques Schindehutte, Telkom’s suspended chief financial officer, expects a disciplinary process into his alleged misconduct to wrap up before 2015.
Vodacom concluded a deal to buy Neotel for R7-billion. Arthur Goldstuck looks at the meaning of the deal for South Africa telecoms.
Telkom chief executive Sipho Maseko has been ordered to attend a corporate governance course or face a R1-million fine or criminal prosecution.
Telkom has announced that it has entered into a heads of agreement with MTN South Africa for the two providers to share each other’s networks.
A deal between the telecommunications giants could help reduce the cost of wireless business.
The granting of a R6-million loan to the now suspended Telkom executive was supported by both the chairperson and head of its remuneration committee.
A letter to the company secretary from a group of anonymous people claiming to be employees has urged Telkom to act on a series of allegations.
A loan extended to the suspended Telkom executive may have been in breach of the Companies Act, but the CFO says he followed the correct procedure.
A R6-million interest-free loan was given to suspended CFO Jacques Schindehutte while he was being probed for misconduct, confirms Telkom.
A weak rand and lower payments to operators, as a result of lower termination rates, has seen the fixed-line operator gain.
Before being suspended, Telkom chief financial officer Jacques Schindehütte says he refused an offer that would have allowed him to resign.
Telkom’s share prices have plunged after its CFO, Jacques Schindehutte, was suspended after a probe into undisclosed allegations against him.
Internet penetration in South Africa remains sluggish due to the high cost of connectivity.
The winds of change are sweeping through Telkom, or at least that’s what its leadership would like us to believe. But it might already be too late.
The competition tribunal has confirmed the settlement agreement which forces Telkom will pay administrative penalties of R200-million.
The introduction of high-speed broadband is the company’s best hope of turning sentiment around.
The company says its 2013 financial results reaffirm the need to act with urgency to turn the group’s performance around.
The CCMA has called on Telkom and trade unions to resume wage negotiations, trade union Solidarity has said.
Telkom has settled with the Competition Commission and will pay an administrative penalty of R449-million handed down by the Competition Tribunal.
Labour pundits and civil society groups say parastatals will buckle under the weight of political interference and unclear mandates.
This week has seen the formal launch of Telkom Mobile as a mobile network serving both business and consumers, leaving 8ta as a sub-brand.
The Communication Workers’ Union has promised to fight the proposed offer of voluntary packages to Telkom workers.
Telkom is to offer voluntary severance and early retirement packages to thousands of its employees, the parastatal has said.
In a puzzling move, Telkom has decided to rebrand its mobile service from 8ta to Telkom Mobile less than three years after launching the network.
Having lost 47% of its share price in the past year, Telkom’s destruction of its market value in 2012 has been nothing short of a giant balls-up.