At Telkom’s AGM, shareholders representing about 84.4% of the company’s ordinary shares voted on most resolutions. Telkom shareholders have backed the re-election of the telecommunications group’s directors and the appointment of its board committee members. However, they showed resistance to proposals that would give the board broad powers to issue shares. At Telkom’s annual general…
Sipho Maseko has joined the Motus board of directors. Former Telkom CEO Sipho Maseko has been appointed deputy chairman of Motus after joining the automotive group’s board as an independent non-executive director, effective 1 September. The JSE-listed automotive group announced yesterday that Maseko will also serve on its nomination and remuneration committees. Maseko is widely…
Telkom Group CEO Serame Taukobong Telkom missed its own headline financial targets in its 2026 financial year – on revenue, profit and free cash flow – yet most of its top executives took home short-term bonuses that exceeded their on-target amounts, the group’s newly published remuneration report shows. The group performance scorecard, which determines the…
The gloves are off. Eskom chairman Mteto Nyati says Business Leadership South Africa and Business Unity South Africa – long the loudest critics of political meddling in state-owned enterprises – are themselves guilty of advocating “political intervention” by pressing for the transfer of the transmission grid to an independent operator. BLSA CEO Busisiwe Mavuso has…
Dina Pule President Cyril Ramaphosa has returned Dina Pule to the cabinet as minister of social development, more than a decade after she was removed from the executive over an adverse ethics finding tied to a telecommunications sector scandal. Pule served as communications minister from 2011 to 2013 under former President Jacob Zuma. Her tenure…
Within the next 12 months, Telkom must manage R4.3 billion in short-term borrowings. (Photograph: Telkom) Telkom is set to wipe 30% off its short-term interest-bearing debt on Wednesday by fully settling a R623 million maturing corporate bond, cutting that portion of its debt to R1.4 billion. The payment retires the TL31 bond, effectively an institutional…
Telkom Group CEO Serame Taukobong Telkom customers who want to buy fibre, mobile and a fixed-wireless product in a single purchase still can’t do so easily – a shortcoming group CEO Serame Taukobong has acknowledged is the central problem a multi-year overhaul of the operator’s back-office systems is meant to solve. “If you walked into…
A Telkom communications tower in Pretoria Telkom expects its headline earnings per share (Heps) from continuing operations to climb 45-55% for the year to end-March, the JSE-listed telecoms group said in a trading statement on Wednesday – a performance it has attributed to cost discipline, lower debt servicing costs and the continued payoff from its…
Telkom has confirmed that the severe weather that battered the Cape provinces this week disrupted parts of its network, with the impact falling primarily on internet services rather than voice calls. In a statement, Telkom said the operator had experienced service disruptions affecting parts of the Eastern Cape and the Western Cape due to the…
Lunga Siyo Telkom will increase tariffs across its mobile and fixed-line portfolios from 1 April 2026, citing rising operational costs, inflationary pressures and the need to continue investing in network infrastructure. The increases, which apply to both new and existing customers regardless of contract status, affect post-paid mobile voice plans, selected LTE and prepaid offerings,…
