“Privatise the damn SAA” you said. Time and again, whenever the latest scandal or disaster hit the “embattled” flagship carrier, you wanted ANC to privatise it. Little did you know that is exactly what they wanted you to say, and now the ANC have simply pocketed South Africa’s flagship asset, because that is what you thought you wanted. SA-News have said many times before, how the ANC under leadership of International Socialism, stole South Africa using one word, “racism”, but control of SA was never their main aim, it was always about stealing the country’s assets.
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EXCLUSIVE: ANC has Systematically Been Transferring SA’s Sovereign Assets & Wealth into its Own Private Pockets!
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Poor economic conditions in SA cause job losses
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With the latest announcement from Telkom regarding the retrenchment of nearly 3,000 employees, the mining industry has also warned that they will be following the same route. Glencore and Merafe are also retrenching due to the poor economy and the extremely expensive electricity. Unconfirmed reports indicate that about 1,000 jobs have been compromised, of which..
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According to experts, Telkom has approximately 4,500 excess staff who are believed to have a direct impact on the profitability of the entity
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The government as Telkom’s largest shareholder has called for an urgent meeting to discuss the company’s plan for retrenching thousands of redundant workers. Earlier last week, Telkom announced its intention to lay off about 3,000 workers, which is a fifth of its total workforce. The Department of Communications and Digital Technology has announced that Minister..
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Outrage as Telkom CEO Sipho Maseko gets R23 Million & Executives get R100 Million, yet 3,000 employees to be retrenched due to lack of funds?
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Trade union Solidarity has launched an attack on Telkom for planning to fire 3,000 employees after paying its executive team more than R100 million.
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3000 Telkom employees face unemployment after telecommunications company decides to lay off a third of its workforce
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In a letter sent to unions on Wednesday, the telecommunications company says the decline in voice calls and landline data (ADSL), as well as “operational inefficiencies” are the main reasons why so many employees have become redundant. The first of two rounds of retrenchments is at OpenServe, as well as information technology and consumer services…
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Speculations confirmed – Telkom wants to take over SA’s third largest mobile phone company
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The months-long speculation has now been confirmed by Telkom that it is investigating the possibility of taking over the struggling Cell C. However, Telkom later confirmed that it had made an offer to the mobile phone company, which was widely regarded as an attempt to replenish its lost customer base. Although Cell C is the..
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Telkom plan to switch off ADSL completely and exit copper entirely
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In May 2019, Telkom CEO Sipho Maseko was quoted as saying that Telkom recently developed a roadmap concerning the proactive migration of customers to newer infrastructure. “We are hoping that in the next five years we would have exited copper entirely,” Maseko said. This means that if it is successful with its plan, Telkom’s operational..
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TELKOM CUTS 13% JOBS DESPITE FY PROFIT SURGE – How many white employees will now lose their jobs with this decision?
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Telkom, which runs South Africa’s biggest fixed-line telecom network, said its total permanent jobs, as of 31 March, dived to 15,296 from 17,472 in financial year 2018. Telkom SA cut 13.4% of permanent jobs, the company said on Monday after posting a 22.6% surge in full-year earnings as upbeat performance in its mobile business offset..
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South Africa in shambles: Did somebody say it’s a “Sh**hole”?
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Mzansi has hit rock bottom and the ANC GOVERNMENT is the cause of this all. Ok so Municipalities cannot pay salaries, SABC cannot pay salaries and is bankrupt, Denel cannot pay salaries and is bankrupt, Transnet is bankrupt, SARS is running in a minus, SAA cannot pay salaries and is bankrupt, Escom is Bankrupt, Telkom..
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Why is Telkom donating R1 Million to the EFF? Why are tax payers being indirectly forced to fund this far-left political party?
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Telkom is funded by the state, therefore, funded by you and me through taxes. Furthermore, the state is run by the ANC, this would mean that the ANC is indirectly using our taxes to fund the EFF. What is going on? Article published by EWN below, quote: “Telkom and its Ceo Sipho Maseko received a..
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Telkom CEO pockets a whopping R27 million paycheck
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Telkom CEO, Sipho Maseko, earned a total of R27 million in the 2018 financial year. South Africa’s telecommunications provider has released its integrated financial report – and the salaries are staggering. While Telkom may be one of the better performing state-owned enterprises (SOE)– let’s be honest, the bar isn’t set too high – yearly salaries..
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SASSA beneficiaries struggle as post office strike continues
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The strike by South African Post Office workers over wages entered a second week on Friday. Post offices in Pietermaritzburg were closed. Workers are demanding a 12% increase. “Currently the employer has offered 6.5%,” said the provincial secretary of the Communication Workers Union, Thami Mzileni. Mzileni said on Friday morning workers received a court interdict..
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Wage strike: Post Office and Telkom workers embark on national shut down
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Do not expect any mail from the Post Office anytime soon. Oh, and Telkom users, we aren’t sure what will happen with your service. The Post Office has advised beneficiaries of the South African Social Security Agency (SASSA) to withdraw funds at ATMs as workers have announced that they, along with Telkom employees, are embarking..
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Gigaba lashes out against ‘hysteria’ over SAA bailout
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Finance Minister Malusi Gigaba has spoken out against what he termed hysteria that has been created around the options government is considering to recapitalise South African Airways (SAA). He was speaking at a briefing at Treasury following a meeting with the steering committee of the CEO Initiative on Friday. He emphasised that government is still..
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SAA to get R10bn bailout from sale of government stake in Telkom
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Cash-strapped SA Airways is to get a R10-billion bailout through the sale of the government’s multibillion-rand stake in Telkom, parliament was told on Wednesday. DA MP Alf Lees dropped the bombshell in the National Assembly during question time with Deputy President Cyril Ramaphosa when he presented a cabinet memorandum leaked to him as a member..
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