Telkom swung into a hefty R10bn annual loss on Tuesday and kept dividend taps shut for at least another year, erasing a decade of progress and putting management under intense pressure to turn things around.

Telkom fell into a R9.97bn loss in the year to the end of March, a dramatic reversal of fortunes for a company that was R2.6bn in the black a year earlier. It is the biggest annual loss since 2013 when it suffered a R11.15bn loss...

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