GUGU LOURIE: The government failed to grow Telkom and must let go
27 July 2022 - 15:55
The government’s partial ownership of Telkom and union ineptitude have stifled its possible growth to the point that it has to be sold or face the risk of going bust. The recent announcement that MTN was in talks to buy the entire share capital of the partially-government-owned entity signals the end of an era.
Do Telkom consumers need to start saying goodbye? Industry analysts argue the proposed transaction won’t happen without support from the government, which failed to position Telkom for growth to remain cushioned against takeovers...
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