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Telkom confirms impairment

Telkom Impairment

Telkom Impairment

Pretoria – Telkom on Tuesday announced its decision to impair the carrying value of its assets by R12 billion with the net asset value being reduced around R34 a share. [Read more…]

Telkom appoints board members

Telkom South Africa

Telkom South Africa

Pretoria – Telkom on Wednesday announced the appointment of two new non-executive directors bringing the number of board members to eight that will make it possible to elect a new chairman. [Read more…]

Telkom earnings down

Pretoria – Headline earnings per share for Telkom fell by 35.2 percent to 444.9 cents while normalized operating revenue is down 5.2 percent for the year ended March 2011.

“Competition, pricing pressures and regulatory intervention have all had an impact on our revenue. The declines seen in our

BizForums – Southern Africa
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