FOR all its stated good intentions, Africa’s largest fixed-line telephone group — Telkom — faces many challenges in a tough environment. Will it come to embody the Japanese proverb that says, in effect, that the most beautiful flowers grow from the rankest dirt?Despite having suffered a pretty awful lost decade, with many predicting its demise, there is still hope that Telkom can be saved.But for this to happen, everyone needs to give Telkom’s new management team a reasonable chance to deliver on its yet-to-be-disclosed turnaround strategy.If the strategy is implemented correctly, Telkom’s recovery will bring welcome relief to its shareholders and South Africans, and will ultimately energise the economy.The stakes are so high that stakeholders in Telkom cannot afford to have the new management fail. Of course, this should not stop observers from being critical of the new Telkom team, led by chairman Jabu Mabuza, new CEO Sipho Maseko and strategy director Miriam Altman.So what actual...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now