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7 months ago
BRIEF-Telkom SA to give financial assistance to Business Connexion, Acajou Investments
December 19, 2016 / 9:09 AM / 7 months ago

BRIEF-Telkom SA to give financial assistance to Business Connexion, Acajou Investments

1 Min Read

Dec 19 (Reuters) - Telkom Sa Soc Ltd

* Telkom SA SOC - financial assistance for working capital requirements, settle certain debt commitments, as well as to provide funding for future expansion

* Immediately after providing financial assistance, company continues to satisfy solvency and liquidity test

* Has adopted a resolution granting financial assistance to Business Connexion Proprietary Limited in amount of r1,000,000,000

* Financial assistance of r155 million to Acajou Investments proprietary ltd, a unit Source text for Eikon: Further company coverage:

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