Telkom subsidiary BCX — whose revenue declined in the six months to September as corporates and the government reduced information and communications technology (ICT) spend — plans to simplify its structure and sell certain assets, management said on Friday. "Businesses that are nonperforming and also noncore have gone through a portfolio review, and we will be looking to find the most sensible way of disposing of those businesses," said Telkom CEO Sipho Maseko. BCX sold ICT training firm Netcampus in September, while the ICT services provider plans to sell NGA Africa, Appzone, BCX Kenya and BCX Botswana by September 2018. Maseko said BCX "did not really show up in the right way … although that’s more of a timing issue than a structural issue — it’s the deferral of spending by the private and public sectors". While BCX and the group aimed to reduce costs as revenue stalled, BCX has no plans for forced retrenchments, CEO Ian Russell said. The company has about 10,000 staff in SA and ...
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