• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Telkom losses stack up

Sep 21 2012 12:33 Reuters

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 82
Change 0
% Change -1
Cumulative volume 1293399
Market cap 0

Last Updated: 24-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Telkom issues profit warning

Zim to retire as Telkom chairperson

Telkom to appeal Competition Tribunal fine

Moody’s warns on Telkom fine

Telkom fine a slap on the wrist

Commission wants steeper Telkom fine

 

Johannesburg - Telkom shares declined 5.32% to R18.34, adding to a 5.5% drop on Thursday, when the fixed-line operator warned that first-half earnings will likely fall as much as 65%, hit by a $55m regulatory fine.

The Competition Commission last month slapped Telkom [JSE:TKG] with a R449m fine for using its dominant market position to stifle potential competitors.

The fine is the latest setback for struggling Telkom, which has been hurt by the steady decline in fixed-line usage and a failed expansion into Nigeria.

Its return on equity over the last 12 months has been just 0.2%, according to Thomson Reuters data, compared with an average of 27.5% for five other emerging markets telecom firms.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 
telkom

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com 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
14 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

10 most expensive cars In the world

This is car porn at its best!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...