Telkom
4 men arrested for theft of railway infrastructure in Gauteng and Mpumalanga
Last Friday, a man was arrested in the Pretoria area in an operation involving the SAPS, the passenger rail agency, Telkom and Tshwane metro police officials...
The steep earnings drop was also a result of a R1.2 billion ($69.1 million) one-off cost relating to voluntary severance and early retirement packages for 2,200 workers who left in March as part of a restructuring plan.
Telkom said it expects headline earnings per share (HEPS), the main profit measure in South Africa, to have tumbled by between 65% and 70% for the full year ended March 31 from 619.2 cents in the previous year.
The funds are meant to be directed to the country's primary health system and will also be directed to vulnerable communities.
Their rival Vodacom reached an agreement with the regulator to cut data prices by 30% from 1 April.
The Competition Commission said that it was in talks with MTN and Telkom to follow suit and slash their data prices.
The Communication Workers’ Union (CWU) has taken the company to court to halt the possible retrenchment of 3,000 employees.
The union accused Telkom of rushing the process and not considering other alternatives to job cuts.
Telkom has blamed the sluggish economy for its decision to cut jobs.
Last month the network provider announced that it was considering voluntary severance and early retirement packages for those affected by the planned cutting of 3,000 jobs.
Are you struggling to connect to your Telkom mobile network? Here's why.
The telecommunications company, which has racked up over R11 billion worth of debt, announced it would be shedding thousands of jobs due to a weak economic environment and a rapid change in technology.
The ANC’s NEC said the consolidation of state-owned enterprises was imperative to ensure growth and avoid a possible downgrade by ratings agency.
The telecommunications company, which has over R11 billion worth of debt, announced it would be cutting thousands of jobs due to a weak economic environment and a rapid change in technology.
On Wednesday, unions received section 189 notices which will affect workers in the open-serve and consumer divisions.
The telecoms giant made the announcement on Wednesday, citing the declining performance of fixed voice and data services.
The company has proposed a meeting with unions at the CCMA next week where more details are expected to emerge.
The telecom provider said it will consider voluntary severance and early retirement packages for employees affected by phase one of the job cut.
Telkom SA said on Friday the board of its larger but troubled rival Cell C had rejected its takeover bid.