Telkom has rejected another consortium bid to acquire a substantial stake – the consortium comprises former CEO Sipho Maseko, the PIC, and Mauritius-based Axian Telecom. The issue is not likely to disappear and shareholders will likely have a chance to hear out the matter at Telkom’s AGM on 24 August. Mergence’s Head: Equities, Peter Takaendesa, is quoted extensively in this article in Business Day, concluding there is still scope for stakeholder interests to be aligned and value unlocked.
Monitoring operational performance at Eskom and Transnet
South Africans are currently experiencing the longest stretch of uninterrupted electricity supply in two years. While the lack of loadshedding