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Telkom plunges most since 2009 on R13bn impairment

Significant market changes and economic conditions, including low expected growth rates, have hurt the group.

South africaSouth africanPeter takaendesaMichael steereBloomberg newsInvestment managers

Telkom falls on potential write-off of almost the entire group value

Telkom plunged by up to 30% after warning of a potential asset write-down of about R13 billion, almost its entire market value.

South africaSouth africanLoni prinslooPeter takaendesaMichael steereAfrica telkomKhuleko siwelePublic investment corpGroup ltdVodacom group ltdVodacom groupBloomberg newsInvestment managersAway from talksUbuy south africaSouth africa

Shareholder panic wipes R2 5bn off the value of Telkom

Telkom will pencil in lower earnings and write down the value of its assets that are failing to keep pace with the market and technological developments. It is fighting problems on many fronts: intense Eskom blackouts, fierce competition and cash-strapped consumers.

Peter takaendesaTelkom consumerDaily maverickInvestment managerImpairment jse mtn ray mahlaka telkom vodacom

MTN shares plunge 12% despite strong annuals as group cuts SA business outlook due to power crisis

MTN shares plunge 12% despite strong annuals as group cuts SA business outlook due to power crisis
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

South africaSouth africanMike grestyRalph mupitaPeter takaendesaInvestment manager

MTN Group CEO: South Africa risks becoming a failed state

South Africa risks becoming a “failed nation state” unless government resolves the energy, corruption and unemployment crises, said Ralph Mupita.

South africaRalph mupitaPeter takaendesaCyril ramaphosaMtn groupMergence investment

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