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...
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