All data is delayed
See More

Mangaung to decide Telkom's fate

Dec 10 2012 12:06

(File, supplied)

Company Data


Last traded 71
Change 2
% Change 3
Cumulative volume 531612
Market cap 0

Last Updated: 09-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

S&P downgrades Telkom

New Telkom chair takes on government

Sharp drop in Telkom profits

Telkom picks hotel exec as chairperson

Telkom strengthens board

Ailing Telkom faces bigger fine


Johannesburg - Minister of Communications Dina Pule said over the weekend the future of Telkom [JSE:TKG] will be decided at the ANC's elective conference in Mangaung. 

In an interview with the Business Day, Pule said final policy would be determined at the conference that would shape Telkom’s strategy and that of the sector in general. 

"In Mangaung, we will take policy decisions that will guide me on how I should be running the department and the sector in general. But it doesn’t mean that Telkom will not be working. The company is hard at work," she told the newspaper.

She recently put forward a list of proposals to cabinet.

New Telkom board chairperson Jabulane Mabuza said recently that the government cannot determine its strategy.

"The day shareholders give you a strategy, they may as well come and run the business," he was quoted as saying.

"I don't see the government as a shareholder any differently to the other shareholders," he said.

Government owns a 39% stake in Telkom. 

Meanwhile the fixed-line operator faces a bigger fine if the Competition Commission is successful in its bid to increase the R449m fine it received for uncompetitive behaviour.

Telkom shares are trading 1.38% higher at R15.45.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest

telkom  |  dina pule


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote