Company on the road to far profit again.
The strong rally in Telkoms share price has continued, with the counter touching a fresh five-year high of R70 in early trading on the JSE on Tuesday. Since its low point 18 months ago, TelkomҒs share price has now climbed by just shy of 500 percent. A R10 000 investment in Telkom on 6 May May 2013, when its share bottomed at R11,93/share, would today be worth R48 676. The last time Telkoms share price traded at such levels was before it disposed of ... Read more
Retrenchments among worst times to be a pesky white.
Trade union Solidarity on Thursday warned Telkom not to use race in deciding which employees to retrench.
Solidarity today gave Telkom a final warning to abandon the race criteria it uses for retrenchments,Ӕ the unions industry head Marius Croucamp said in a statement.
He said it was unlawful to do so.
ғHow can any employer penalise an employee based on his or her race in the decision-making process to retrench people? This criterion i... Read more
Bloody white people getting in the way of progress again, the bastards.
Telkom will consider employment equity in its latest round of planned job cuts, which could affect more than 2 600 management-level employees, a media report said on Wednesday.
This means that partially state-owned and JSE-listed telecommunications operator plans to target white, male employees when making job cutsӔ, according to a report published by Bloomberg, which quotes trade unions as its source.
White males, the news agency says, make up... Read more
Might soon pay you to make calls.
Cell C has upped the ante in South Africas mobile price war. The mobile operator has slashed prepaid call rates to 66c/minute, from 99c/minute previously.
The new 66c tariff excludes its Supacharge recharge benefits, which will continue to be available on its 99c/minute prepaid plans. Cell CҒs move comes a month after MTN cut its prepaid rates to 79c/minute on per-second billing. Vodacom has also cut its rates to 79c/minute, but only on a promotio... Read more
22 new LTE sites a day to strike fear in the hearts of competition.
Vodacom intends expanding the size of its network in Gauteng dramatically in the next financial year, with plans to add 555 4G/LTE towers in the province by the end of March 2015.
The expansion, which also includes the deployment of new 2G and 3G sites, forms part of Vodacoms intention to spend about R9bn on its network in the 2015 financial year, which begins on 1 April. By way of comparison, Vodacom spent about R7bn in South Africa in the 2014 financi... Read more