News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

My Biz

Submit content

My Account

Advertise with us

Telkom takes R1.8bn hit on the JSE

After revealing problems in its mobile business, Telkom has taken a R1.8bn hit on the JSE.
Source: Reuters
Source: Reuters

Regarding the slow growth in the number of its mobile subscribers and the lower revenue it generates from them, Telkom blames tough economic conditions that have hit consumer spending and intensified competition in the telecommunications industry.

“Given the challenging macroeconomic environment, postpaid consumers are becoming more cost-savvy and are continuously searching for ways to manage and reduce their spend, resulting in real growth only emanating from the prepaid market.”

To read more of this article on Daily Maverick go here

Source: Daily Maverick

Daily Maverick is a unique blend of news, information, analysis and opinion delivered from our newsrooms in Cape Town and Johannesburg, South Africa. There are many ways to describe exactly what we do (and for the price of a cup of coffee we’re capable of talking your ears off about it), but the best way to understand the end result is to experience it. Every part of Daily Maverick is free-to-air and no payment is required, although free registration is required for a small subset of functions and pages.

Daily Maverick is run by an independently owned, private company with no affiliation to any other media group (or political party or religious organisation.) Follow Daily Maverick on Twitter at @dailymaverick.

Go to: https://www.dailymaverick.co.za/
Let's do Biz