Telkom SA SOC Ltd (TKGJ.J)
JOHANNESBURG South Africa's Deputy President Cyril Ramaphosa has appointed a new board at state-owned power utility Eskom and named Telkom's chairman Jabu Mabuza as its new chairman, the country's presidency said on Saturday.
JOHANNESBURG, Nov 10 Telkom SA, South Africa's biggest landline provider, reported a drop in half-year profits and cut its dividend on Friday, as a result of reduced spending by corporate and government customers, sending its share price sharply lower.
* HY CAPITAL EXPENDITURE TO REVENUE 3.97 MILLION RAND UP 9.2%
* REFERS SHAREHOLDERS TO MINISTER OF FINANCE'S COMMENTS WITH REGARD TO SALE OF GOVERNMENT SAS APPROXIMATE 39 PERCENT SHAREHOLDING IN TELKOM
CAPE TOWN, Oct 25 South Africa will dispose of a portion of its stake in Telkom with an option to buy it back later, Finance Minister Malusi Gigaba said in his budget speech on Wednesday.
JOHANNESBURG South Africa's finance ministry said on Monday it did not request a government pension fund to provide 100 billion rand (5.57 billion pounds)to help it bail out struggling state firms, calling any reports to that effect "malicious and unconstructive".
South Africa's Treasury is pressuring government pension fund Public Investment Corp (PIC) to provide as much as 100 billion rand ($7.6 billion) to fund struggling state companies, Bloomberg News reported on Friday.
Sept 22 South Africa's Treasury is pressuring government pension fund Public Investment Corp (PIC) to provide as much as 100 billion rand ($7.6 billion) to fund struggling state companies, Bloomberg News reported on Friday.
* MAJOR SHAREHOLDER, SOUTH AFRICA GOVERNMENT, CURRENTLY CONSIDERING VARIOUS STRATEGIC OPTIONS WITH REGARDS TO PARTIALLY REDUCING ITS TELKOM STAKE
JAKARTA Thousands of ATMs and electronic card payment machines in Indonesia went offline over the weekend, and it might take two more weeks before full service is restored, after an outage from a satellite belonging to state-controlled telecom giant PT Telekomunikasi Indonesia (Telkom).