A bad week for Old Mutual’s Peter Moyo
Moyo lost his job on the grounds of an unmanageable conflict of interest. Shareholders and analysts are unconvinced
A good week for ...
Confounding critics, Telkom added 4.5-million mobile subscribers in the year to March 2019. It’s nowhere near Vodacom or MTN, but Telkom’s mobile service revenue was up 58% as active subscribers grew to 9.7-million. Other highlights of the provisional results presented by CEO Sipho Maseko: operating revenue up 5.3% to R41.8bn; headline EPS up 22.6% to R7.22; earnings before interest, taxation, depreciation and amortisation up 8.5% to R11.3bn; prepaid subscribers up 109% to 7.8-million. The share lifted. Cell C beware...
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