Kaya 959 Kaya Biz

Telkom’s shares surge as it confirms former CEO consortium bid

Loading player...
Dobek Pater, telecoms analyst at Africa Analysis

Former Telkom CEO Sipho Maseko told investors in 2020 that Telkom was worth R53 billion, equating to a share price of R108. However, he now wants to buy the company at R46 per share. Last month, Bloomberg reported that Maseko’s Afrifund had the backing of the Public Investment Corporation (PIC) and Mauritius-based Axian Telecom to buy a 35% stake in Telkom. The 35% stake could be combined with the PIC’s current 13.6% shareholding to further boost the group’s overall holding.
12 Jun 2023 5PM English South Africa Business News · Investing

Other recent episodes

How Currency Volatility Is Hitting South African SMEs

A new Verto report warns that currency volatility is now a bigger threat to SME margins than logistics. Rumbi Shoniwa from Verto SA explains how FX swings erode profits and the practical steps SMEs can take to protect themselves.
29 Apr 3PM 11 min

Engineering Through Headwinds: Leoka’s 10‑Year Growth Story

Leoka Engineering founder Katlego Makgata reflects on a decade of building a 100% Black‑owned EPCM firm in one of South Africa’s toughest sectors. We discuss OR Tambo’s mission‑critical operations and the digital innovations shaping the next era of African engineering.
29 Apr 3PM 18 min

The New Rules of SME Resilience in 2026

Merchant Capital CTO David Reynders joins us to unpack how South African SMEs are navigating a volatile economy. We explore cash‑flow discipline, cost‑cutting without damaging growth, and why “cash buys you time.”
29 Apr 3PM 13 min

South Africa’s Fuel Relief Extended

The government has extended the temporary fuel levy cut—but what does this mean for inflation, household budgets, and the Reserve Bank’s rate path? PSG Chief Economist Johann Els explains.
29 Apr 3PM 11 min

Easter on a Budget: How South Africans Navigated the Fuel Spike

Lightstone Retail’s Mohit Narotam breaks down new mobility data showing how South Africans re‑engineered their Easter travel plans to beat one of the biggest fuel hikes in years. From early departures to shorter trips and smarter refueling
29 Apr 3PM 12 min
All episodes