Telkom restructuring costs drop by R300m
The group had planned to retrench 3,000 employees but delayed the process because of the national lockdown
05 May 2020 - 20:14
Telkom’s share price has gained about 7% after the fixed-line operator said it had reduced retrenchment costs by R300m.
In a note to shareholders, Telkom said the cost of the restructuring process has come down from R1.5bn to about R1.2bn...